HyperHack-2023 - AI Enabled KYC App

[Venkkatesh_Gowdhaman]

HyperHack-2023 - AI Enabled KYC App

Use Case Description

Problem Statement:
Video KYC transformed customer onboarding, empowering remote users with unprecedented convenience and security.
The banking industry’s unwavering commitment to innovation drives remarkable improvements, delivering seamless experiences to customers worldwide.
Below are some of the challenges that Banking industry face during onboarding through Video KYC.
User Experience
Regulatory Compliance
Cost and Infrastructure
Identity verification challenges
Fraud Risk

Proposed Solution:
Harnessing the power of Artificial Intelligence, Image KYC automation streamlines customer onboarding while ensuring regulatory compliance.
Through UiPath forms and advanced AI models, banks achieve remarkable efficiency, cost reduction, and heightened customer satisfaction.
Embracing seamless data retrieval and validation against national ID databases, combined with cutting-edge gesture-based image verification and the formidable Deepface AI Model, this process guarantees secure and fraud-resistant onboarding, ensuring the image is captured in real-time and precisely matched with the National Identification Database.

AS-IS WORKFLOW, TO-BE WORKFLOW

Other information about the use case

Industry categories for this use case: Compliance, Finance, Banking

Skill level required: Intermediate

UiPath Products that were used: UiPath Studio, UiPath AI Center, UiPath Apps, UiPath Data Services, UiPath Document Understanding, UiPath Orchestrator, UiPath Task Capture, UiPath AI Computer Vision

Other applications that were used: Python, Tensorflow, OpenCV, Deepface.

Other resources: -

What is the top ROI driver for this use case?: Accelerate growth and operational efficiency