Angel Broking launches digital KYC facility

Financial services company Angel Broking has launched its digital KYC (you’re your client) facility, an ultra-fast account opening experience through digital signature using bio-metric devices, the company said in a press release. The company has empowered a ground force of 1,000 agents across 132 branches with high tech D-KYC devices, which is a combination of a tablet, a bio-metric device and homegrown E-KYC software all working in tandem for a hassle-free, paperless and flawless account opening experience.

Angel Broking added in its statement that it has invested heavily by distributing over 1000 such devices to its sales force so that they can take these devices to customer’s location and provide them a unique first time experience of bio-metric based account opening from their homes.

In the next 3 months, the firm plans to further expand this initiative using its network of over 4,000 plus business partners in over 900 locations.

In D-KYC, the thumb impression serves as a digital signature and the system auto inserts personal information from the AADHAR database. This eliminates customer’s effort and time to plug-in details. With the system being back linked to UIDAI, it facilitates real time authentication as well as speedy, paperless and flawless account opening.