E-KYC Market is Booming with Strong Growth Prospects | Leading Players: Acuant, Mitek, Jumio, Trulioo
Some of the key players profiled in the study are:
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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Scope of the Report of E-KYC
Electronic Know Your Customer or E-KYC is a procedure wherein the customerâ€™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 customerâ€™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.
The titled segments and sub-section of the market 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)
• The Rising Number of Identity-Related Frauds
• Increasing Cloud Adoption, Growing Internal and External Threats, And the Internet of Things (IoT)
• Escalating Requirement for Minimizing Manual Errors
• Increase in the Services like Digital Payment and Digital Onboarding
• Increasing Importance of Compliance Management
• Ease in Conducting Transactions & Account Opening
• Reduction in Compliance Cost Thus Making It Easier to Serve to Low-Income Customers
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global E-KYC Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the E-KYC market
Chapter 2: Exclusive Summary – the basic information of the E-KYC Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the E-KYC
Chapter 4: Presenting the E-KYC Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the E-KYC market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, E-KYC Market is a valuable source of guidance for individuals and companies.
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