Identity verification is crucial for banks and NBFCs to comply with regulatory mandates, prevent fraud, and ensure secure financial transactions. It helps confirm a customer's legitimacy, reducing the risks of money laundering, identity theft, and unauthorized account access.

Traditional KYC processes involve paperwork, in-person verification, and long processing times. ZOOP automates this with:

• OCR-based document verification, allowing automated extraction and validation of customer details from uploaded identity documents, reducing manual errors.
• Instant Aadhaar & PAN verification via DigiLocker.
• Face matching and liveness detection to prevent impersonation fraud.
• OTP-based consent mechanisms ensuring regulatory compliance.

This significantly reduces the time and effort required for customer verification.

By leveraging AI-driven verification and digital KYC, ZOOP eliminates manual paperwork and automates approvals, reducing onboarding time from days to just a few minutes.

For NBFCs, faster identity verification means quicker loan disbursals. By automating customer authentication, ZOOP reduces delays caused by document checks, enabling NBFCs to process loan applications with greater efficiency while ensuring compliance.

Yes, ZOOP's verification solutions adhere to RBI's KYC and AML (Anti-Money Laundering) guidelines, ensuring financial institutions meet compliance requirements without operational bottlenecks.

Absolutely. ZOOP employs advanced fraud prevention techniques, including document forgery detection, real-time ID verification, and AI-based anomaly detection to mitigate risks in financial transactions.

Yes, ZOOP's fraud detection mechanisms go beyond basic identity verification. It includes:

• Liveness detection to prevent deepfake or spoofing attacks.
• Behavioral analysis to identify suspicious activities.
• AI-powered risk scoring to detect anomalies in financial behavior.

ZOOP streamlines regulatory compliance by:

• Ensuring digital KYC aligns with RBI's norms.
• Providing real-time identity verification against official databases.
• Offering tamper-proof document authentication for AML compliance.

ZOOP provides:

• Document-based verification (Aadhaar, PAN, Passport, Voter ID, Driving Licence).
• Biometric authentication (Face match, liveness detection).
• Consent-based verification via OTP authentication.
• Database cross-checking with regulatory sources.

By integrating AI-powered fraud detection and multi-layered verification, ZOOP minimizes risks of synthetic identity fraud, money laundering, and loan defaulting due to false identities.

ZOOP follows industry-standard encryption, data anonymization, and secure APIs to protect customer information while complying with RBI-mandated data privacy norms.

Yes, ZOOP's verification APIs seamlessly integrate with banking CRMs, loan management systems, and mobile applications, enabling financial institutions to enhance security without disrupting their existing workflows.