E-KYC Verification Service

Accurate identity proofing supported by biometric part and government agencies database.

About E-KYC

E-KYC or Electronic Know Your Customer is a process that aims to verify and identify a customer’s identities accurately supported by government agencies’ databases and cutting-edge technologies such as biometric systems and several technologies to transform and optimize processes. In simple terms, E-KYC is a procedure to identify and verify a customer’s identity digitally.

Government Policy

The Financial Services Authority (OJK) stipulates the obligations that must be fulfilled by banks when conducting the due diligence process, to prospective individual customers through a series of regulations in 2017 and 2018. OJK Regulation No. 12/2018 specifically regulates further the implementation of digital services by commercial banks. Among other things, identification and verification of prospective customers, which must be done face-to-face or through electronic channels (using video calls). If done electronically, a verification must pay attention to two-factor authentication (authenticity).

E-KYC Products and Benefit

E-KYC has multiple benefits over traditional paper-based KYC. It enables efficiency gains in terms of time, cost, and resource requirements involved in verifying the identity of an individual/entity and thereby ensuring a near real-time onboarding of customers. With E-KYC products provided by BEEZA below, you will have all the benefits with the highest level of security in the KYC process.

ID Card Verification KTP

A system that verifies a customer by comparing the ID card information with the data on the government database.

Family Info Verification

A system that verifies a customer’s mother’s maiden name using their ID number.

Workplace Verification

A system to verify a person’s workplace using their identity number.

Phone number Verification

A system to verify a phone number’s ownership using an ID number.

Location Verification

A system to verify a person’s location based on their phone number’s location history in a specific time frame.

Negative Record Verification

A system that screens a user for any negative background record to prevent fraud, deception, or other trickery.

Property Verification

A system to verify property ownership based on ID number and Tax ID number.

Case Studies

These days online fraud cases exist mostly due to identity fraud. In general, the onboarding system usually occurs by relying on ID Documents without any digital verification to the government’s database. With two-factor authentication, human biometric data can be used to avoid fraud on digital processes and also provides double protection as well that can be easily integrated into existing systems to fit into different business purposes in various industries. The E-KYC service itself is not only used in Indonesia, but also in various other countries with different methods.

Banking Institutions

Improved onboarding journey.
Checking the identity of prospective customers is also important to prevent fraud.

“eKYC in emerging markets opens new avenues for growth In Indonesia, banks rapidly integrated eKYC usage into their account opening, with Bank Danamon and CIMB Niaga among those currently offering the best digital onboarding experience.”

source :
The Asian Banker

Bank, Fintech, Multifinance, E-Commerce

Analyze user’s credit reputations by confirming and verifying user’s identities first.
Fraud prevention in digital transactions with high-risk transactions, therefore transactions become more secure.

“Ramai Dugaan Pembuatan KTP Palsu untuk Pinjaman Online, Ini Kata OJK Kompas.com - KOMPAS.com - Kartu identitas merupakan salah satu syarat utama untuk dapat mengakses layanan keuangan, seperti fasilitas kartu kredit, atau akses pinjaman uang dari fintech lending (pinjol).”

source :
Kompas

Insurance

Insurance fraud protection. They have to identify customers and understand the risks they will take before providing services.

Regarding the current conditions in the midst of a pandemic, eKYC for insurance customers is also possible to apply for insurance product purchases online.

“Jakarta – Perusahaan asuransi jiwa menyusun daftar hitam yang berisi nama-nama nasabah bermasalah lantaran meningkatnya aksi penipuan atau fraud pada layanan asuransi kesehatan, khususnya pada jenis produk hospital cash plan.”

source :
Jiwasraya