Glossary
KYC (Know Your Customer)
Regulatory process for verifying customer identity in financial-services products.
Definition
Know Your Customer is the set of identity-verification, address-verification and risk-assessment processes that regulated entities must complete before onboarding a customer to a financial product. In India, KYC typically combines Aadhaar / DigiLocker / PAN verification, OCR document capture, video KYC with liveness, and risk scoring against sanctions and PEP lists. Globally, the equivalent processes are anchored by jurisdiction-specific regulations.
Why it matters
KYC drop-off is the #1 conversion killer in FinTech onboarding. Building it well — modular, async where possible, mobile-first — is the difference between 30% and 80% completion rates.
Working on KYC (Know Your Customer)?
Our AI Developmentteam ships this in production. Tell us your scope and we'll share a written recommendation and fixed quote within 48 hours.
AI Development →