{"id":11762,"date":"2019-07-31T05:21:03","date_gmt":"2019-07-31T09:21:03","guid":{"rendered":"https:\/\/www.m2sys.com\/blog\/?p=11762"},"modified":"2022-06-15T07:24:53","modified_gmt":"2022-06-15T11:24:53","slug":"infographics-different-methods-of-customer-identification","status":"publish","type":"post","link":"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/","title":{"rendered":"Infographics: Different Methods of Customer Identification"},"content":{"rendered":"

The customer identification process is globally known as KYC, which stands for Know Your Customer or know your clients. It is the process of identification and authorization of the customer considering risk factors related to the business. Banking and financial institutions generally practice KYC as part of the regulation of general banking and anti-money laundering activities. However, some enterprises are also practicing KYC to control the risk factors and ensure the anti-bribery compliant assessment with their clients.<\/span><\/p>\n

What is KYC\u00a0<\/b><\/h2>\n

The customer identification process is globally known as KYC, which stands for Know Your Customer or know your clients.\u00a0 It is the process of identification and authorization of the customer, considering risk factors related to the business.<\/span><\/p>\n

Different Types of KYC\u00a0<\/b><\/h2>\n

Paper-Based KYC\u00a0<\/b><\/h3>\n

From the very beginning, the process was practiced in the paper-based documentation. The system required substantial administrative costs and manpower.<\/span><\/p>\n

Digital KYC\u00a0<\/b><\/h3>\n

This method uses a computer system to record all data of an individual.\u00a0 The system is time-consuming, prone to data breach, and required troublesome API integration with the core system.<\/span><\/p>\n

Biometric Based KYC\u00a0<\/b><\/h3>\n

This method uses biometric technology to identify a customer. This is the BEST METHOD FOR KYC.\u00a0<\/span><\/p>\n

Why Is Biometric KYC The Best?\u00a0<\/b><\/h2>\n

Accurate Identification\u00a0<\/b><\/h3>\n

Provides accurate identification and eliminates the difficulties of identifying the right person and reduces the risk of the financial transaction.<\/span><\/p>\n

Fastest Verification<\/b><\/h3>\n

Biometric technology authenticates the individual in less than a second and reduces the hassles of repetitive authentication.<\/span><\/p>\n

Optimum Security<\/b><\/h3>\n

Protecting customer\u2019s identities, and preventing identity theft the biometric KYC<\/a> enables the banking institutions to reduce the transaction risk.<\/span><\/p>\n

Here are the infographics that show the different methods of customer identification<\/p>\n

\"Infographics:<\/p>\n

Source: Different Methods of Customer Identification (KYC) and their Shortcomings<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The customer identification process is globally known as KYC, which stands for Know Your Customer or know your clients. It<\/p>\n","protected":false},"author":408,"featured_media":15669,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_focuskw":"methods of customer identification","_yoast_wpseo_title":"Infographics: Different Methods of Customer Identification","_yoast_wpseo_metadesc":"Do you know what are the different methods of customer identification? Here are the infographics that show the different methods of customer identification","_lmt_disableupdate":"no","_lmt_disable":"no","twitterCardType":"","cardImageID":0,"cardImage":"","cardTitle":"","cardDesc":"","cardImageAlt":"","cardPlayer":"","cardPlayerWidth":0,"cardPlayerHeight":0,"cardPlayerStream":"","cardPlayerCodec":"","footnotes":""},"categories":[54],"tags":[1289,1287,1224,1288],"class_list":["post-11762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biometric-resources","tag-best-kyc-process","tag-biometric-customer-identification","tag-biometric-kyc","tag-biometric-kyc-for-banking-and-financial-services"],"acf":{"_how_to_content":null,"_faq_content":null,"_structured_meta_data":null,"_tl_dr_content":null},"yoast_head":"\nInfographics: Different Methods of Customer Identification<\/title>\n<meta name=\"description\" content=\"Do you know what are the different methods of customer identification? Here are the infographics that show the different methods of customer identification\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Infographics: Different Methods of Customer Identification\" \/>\n<meta property=\"og:description\" content=\"Do you know what are the different methods of customer identification? Here are the infographics that show the different methods of customer identification\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/\" \/>\n<meta property=\"og:site_name\" content=\"Digital Transformation of Government Services\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/m2sys\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-31T09:21:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-15T11:24:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.m2sys.com\/blog\/wp-content\/uploads\/2019\/07\/Different-Methods-of-Customer-Identification.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Paula Flynn\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@m2sys\" \/>\n<meta name=\"twitter:site\" content=\"@m2sys\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Paula Flynn\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/\"},\"author\":{\"name\":\"Paula Flynn\",\"@id\":\"https:\/\/www.m2sys.com\/blog\/#\/schema\/person\/ff3fe9da8e4f58260801de72cc2c313f\"},\"headline\":\"Infographics: Different Methods of Customer Identification\",\"datePublished\":\"2019-07-31T09:21:03+00:00\",\"dateModified\":\"2022-06-15T11:24:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/\"},\"wordCount\":291,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.m2sys.com\/blog\/#organization\"},\"keywords\":[\"best kyc process\",\"Biometric customer identification\",\"biometric kyc\",\"biometric kyc for banking and financial services\"],\"articleSection\":[\"Biometric Resources\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/\",\"url\":\"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/\",\"name\":\"Infographics: Different Methods of Customer Identification\",\"isPartOf\":{\"@id\":\"https:\/\/www.m2sys.com\/blog\/#website\"},\"datePublished\":\"2019-07-31T09:21:03+00:00\",\"dateModified\":\"2022-06-15T11:24:53+00:00\",\"description\":\"Do you know what are the different methods of customer identification? Here are the infographics that show the different methods of customer identification\",\"breadcrumb\":{\"@id\":\"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Infographics: Different Methods of Customer Identification\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.m2sys.com\/blog\/#website\",\"url\":\"https:\/\/www.m2sys.com\/blog\/\",\"name\":\"Digital Transformation of Government Services\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.m2sys.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.m2sys.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.m2sys.com\/blog\/#organization\",\"name\":\"Digital Transformation of Government Services\",\"url\":\"https:\/\/www.m2sys.com\/blog\/\",\"sameAs\":[\"https:\/\/instagram.com\/m2sys\",\"https:\/\/www.linkedin.com\/company\/m2sys-technology\",\"https:\/\/www.pinterest.com\/m2sys\/\",\"https:\/\/www.youtube.com\/user\/M2SYS\",\"https:\/\/www.facebook.com\/m2sys\",\"https:\/\/twitter.com\/m2sys\"],\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.m2sys.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.m2sys.com\/blog\/wp-content\/uploads\/2017\/12\/m2sys-blog.png\",\"contentUrl\":\"https:\/\/www.m2sys.com\/blog\/wp-content\/uploads\/2017\/12\/m2sys-blog.png\",\"width\":287,\"height\":48,\"caption\":\"Digital Transformation of Government Services\"},\"image\":{\"@id\":\"https:\/\/www.m2sys.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.m2sys.com\/blog\/#\/schema\/person\/ff3fe9da8e4f58260801de72cc2c313f\",\"name\":\"Paula Flynn\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.m2sys.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/71da270e5a365613fd37fb57c5e7d8b5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/71da270e5a365613fd37fb57c5e7d8b5?s=96&d=mm&r=g\",\"caption\":\"Paula Flynn\"},\"description\":\"Paula Flynn Paula Flynn is a passionate writer who enjoys reading, writing and learning about new technologies, content generating, and the Internet.\",\"url\":\"https:\/\/www.m2sys.com\/blog\/author\/paula\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Infographics: Different Methods of Customer Identification","description":"Do you know what are the different methods of customer identification? Here are the infographics that show the different methods of customer identification","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/","og_locale":"en_US","og_type":"article","og_title":"Infographics: Different Methods of Customer Identification","og_description":"Do you know what are the different methods of customer identification? Here are the infographics that show the different methods of customer identification","og_url":"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/","og_site_name":"Digital Transformation of Government Services","article_publisher":"https:\/\/www.facebook.com\/m2sys","article_published_time":"2019-07-31T09:21:03+00:00","article_modified_time":"2022-06-15T11:24:53+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/www.m2sys.com\/blog\/wp-content\/uploads\/2019\/07\/Different-Methods-of-Customer-Identification.jpg","type":"image\/jpeg"}],"author":"Paula Flynn","twitter_card":"summary_large_image","twitter_creator":"@m2sys","twitter_site":"@m2sys","twitter_misc":{"Written by":"Paula Flynn","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/#article","isPartOf":{"@id":"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/"},"author":{"name":"Paula Flynn","@id":"https:\/\/www.m2sys.com\/blog\/#\/schema\/person\/ff3fe9da8e4f58260801de72cc2c313f"},"headline":"Infographics: Different Methods of Customer Identification","datePublished":"2019-07-31T09:21:03+00:00","dateModified":"2022-06-15T11:24:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/"},"wordCount":291,"commentCount":0,"publisher":{"@id":"https:\/\/www.m2sys.com\/blog\/#organization"},"keywords":["best kyc process","Biometric customer identification","biometric kyc","biometric kyc for banking and financial services"],"articleSection":["Biometric Resources"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/","url":"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/","name":"Infographics: Different Methods of Customer Identification","isPartOf":{"@id":"https:\/\/www.m2sys.com\/blog\/#website"},"datePublished":"2019-07-31T09:21:03+00:00","dateModified":"2022-06-15T11:24:53+00:00","description":"Do you know what are the different methods of customer identification? Here are the infographics that show the different methods of customer identification","breadcrumb":{"@id":"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.m2sys.com\/blog\/biometric-resources\/infographics-different-methods-of-customer-identification\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Infographics: Different Methods of Customer Identification"}]},{"@type":"WebSite","@id":"https:\/\/www.m2sys.com\/blog\/#website","url":"https:\/\/www.m2sys.com\/blog\/","name":"Digital Transformation of Government Services","description":"","publisher":{"@id":"https:\/\/www.m2sys.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.m2sys.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.m2sys.com\/blog\/#organization","name":"Digital Transformation of Government Services","url":"https:\/\/www.m2sys.com\/blog\/","sameAs":["https:\/\/instagram.com\/m2sys","https:\/\/www.linkedin.com\/company\/m2sys-technology","https:\/\/www.pinterest.com\/m2sys\/","https:\/\/www.youtube.com\/user\/M2SYS","https:\/\/www.facebook.com\/m2sys","https:\/\/twitter.com\/m2sys"],"logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.m2sys.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.m2sys.com\/blog\/wp-content\/uploads\/2017\/12\/m2sys-blog.png","contentUrl":"https:\/\/www.m2sys.com\/blog\/wp-content\/uploads\/2017\/12\/m2sys-blog.png","width":287,"height":48,"caption":"Digital Transformation of Government Services"},"image":{"@id":"https:\/\/www.m2sys.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.m2sys.com\/blog\/#\/schema\/person\/ff3fe9da8e4f58260801de72cc2c313f","name":"Paula Flynn","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.m2sys.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/71da270e5a365613fd37fb57c5e7d8b5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/71da270e5a365613fd37fb57c5e7d8b5?s=96&d=mm&r=g","caption":"Paula Flynn"},"description":"Paula Flynn Paula Flynn is a passionate writer who enjoys reading, writing and learning about new technologies, content generating, and the Internet.","url":"https:\/\/www.m2sys.com\/blog\/author\/paula\/"}]}},"modified_by":"Matt Gibson","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.m2sys.com\/blog\/wp-json\/wp\/v2\/posts\/11762"}],"collection":[{"href":"https:\/\/www.m2sys.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.m2sys.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.m2sys.com\/blog\/wp-json\/wp\/v2\/users\/408"}],"replies":[{"embeddable":true,"href":"https:\/\/www.m2sys.com\/blog\/wp-json\/wp\/v2\/comments?post=11762"}],"version-history":[{"count":5,"href":"https:\/\/www.m2sys.com\/blog\/wp-json\/wp\/v2\/posts\/11762\/revisions"}],"predecessor-version":[{"id":17589,"href":"https:\/\/www.m2sys.com\/blog\/wp-json\/wp\/v2\/posts\/11762\/revisions\/17589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.m2sys.com\/blog\/wp-json\/wp\/v2\/media\/15669"}],"wp:attachment":[{"href":"https:\/\/www.m2sys.com\/blog\/wp-json\/wp\/v2\/media?parent=11762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.m2sys.com\/blog\/wp-json\/wp\/v2\/categories?post=11762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.m2sys.com\/blog\/wp-json\/wp\/v2\/tags?post=11762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}