E-KYC – Market Boosting the Growth Worldwide: Acuant, Pegasystems, EverCompliant

AMA Research recently released research coverage on Global E-KYC Market that evaluates and provides market size, trend, and estimation to 2026. The E-KYC market study provides ready-to-access and self-analyzed study with significant research data proves to be a useful document for managers, industry consultants and key executives to better understand market trends, growth drivers, opportunities and upcoming challenges and competitors development activities.

Key Players in This Report Include:
Acuant (United States), Trust Stamp (United States), Pegasystems Inc. (United States), Mitek (United States), Jumio (United States), Trulioo (Canada), Onfido (United Kingdom), Financial Software & Systems Pvt. Ltd. (India), GIEOM Business Solutions (India), Panamax Inc. (India), Tata Consultancy Services (TCS) (India), Wipro Technologies (India), Au10tix (Israel), EverCompliant (Israel)

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What is E-KYC Market:
Electronic Know Your Customer or E-KYC is a procedure wherein the customer’s identity is identified and verified. The process consists of series of checks at the first time of relationship with the customer. It basically verifies who the person is and cross-checks that he is who he says he is, taking into consideration all the documents and his personification. The electronic know your customer or E-KYC is the electronic process that is used by various organizations and enterprises like banks, offices, telecom companies, financial institutions, insurance companies, and others. In this process, the customer’s identity and the address where he is staying are verified with all the possible sources with the help of electronic technology. Because this process provides customers with a better experience rather than the manual process of verification which takes a lot of time. E-KYC is the expression used to describe the digitalization and the online conception of the KYC process. The E-KYC process also minimizes the cost while the process of verification. Falsification of identity, forging signatures and phishing is very common. Specialist businesses dedicated to technical compliance solutions have developed completely secure E-KYC processes with zero margins for the commission of these counterfeiting offenses and related crimes.

Influencing Trends:
• The Rising Number of Identity-Related Frauds
• Increasing Cloud Adoption, Growing Internal and External Threats, And the Internet of Things (IoT)

Growth Drivers:
• Escalating Requirement for Minimizing Manual Errors
• Increase in the Services like Digital Payment and Digital Onboarding
• Increasing Importance of Compliance Management

Gaps and Opportunities:
• Ease in Conducting Transactions & Account Opening
• Reduction in Compliance Cost Thus Making It Easier to Serve to Low-Income Customers

The Global E-KYC Market Scope and Break Down are illuminated below:
by Type (On-Cloud, On-Premises), Application (Banks, Financial Institutions, E-payment Service Providers, Telecom Companies, Government Entities, Insurance Companies), Technology (Biometric, OTP)

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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and Rest of MEA.)
• North America (United States, Canada & Mexico)
• Latin America (Brazil, Argentina, Chile, Colombia, Rest of LATAM.)
• Europe (the UK, Germany, France, Spain, Netherlands Nordic nations, Belgium, Switzerland, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, Singapore, Vietnam, Malaysia, Philippines, South Korea, Thailand, India, Indonesia, Australia and Rest of APAC Countries).

Major highlights from Table of Contents:

E-KYC Market Study Coverage:
• Evaluate Market Competitiveness; Analysing Major manufacturers, emerging player’s growth story, and key business segments analysis of E-KYC market.
• E-KYC Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• E-KYC Market Size by Region E-KYC Market, Profiles of players are studied on the basis of SWOT, their products, value chain, financials, and other development factors.

Important Sections Covered in E-KYC Market Report:
• E-KYC Overview, Definition and Classification Market drivers and barriers
• E-KYC Market Competition by Manufacturers
• Impact Analysis of COVID-19 on E-KYC Market
• E-KYC Capacity and Production*, Revenue (Value) by Region (2021-2026)
• E-KYC Supply (Production), Consumption, Export-Import* by Region (2021-2026)
• E-KYC Manufacturers Profiles/Analysis E-KYC Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry Road map and value chain Market Factors Analysis.
** wherever applicable

Read Complete Summary and Table of Content @ https://www.advancemarketanalytics.com/reports/167239-global-e-kyc-market

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