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Kwik.ID sees surge in Video KYC usage

AI-enabled Video KYC solution provider Kwik.ID announced it has crossed over 100,000 successful Video KYC sessions since February 2020, with an 80%+ 5* user rating, and an overall NPS score of 90. Since the pandemic has shattered in-person customer identification to a large extent over various sectors of customer onboarding, Kwik.ID has made speedy headway in its growth trajectory. The regtech startup witnessed a significant surge in its Video KYC session volumes, with an 85% + completion rate, significantly higher than industry averages, promising each session to be completed in under 2 minutes. Kwik.ID already works with clients across multiple verticals – fintech, NBFCs, banks, insurers, lenders, forex operators, etc. Monish Salot, Co-Founder and Chief Product Officer at Kwik.ID said design and technical excellence, and superior performance has led the company to reach such a wide audience in a short duration. The platform is expecting a 300%+ growth in daily sessions from November, as most institutions have shifted their customer onboarding tracks online for a seamless, accurate, and remote process, and as the businesses open up.



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