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Mastercard partners with Signzy for global rollout of video KYC


Signzy works with over 90 Indian financial institutions including ICICI Bank, State Bank of India and Aditya Birla Sunlife AMC.

Mastercard on Tuesday announced a partnership with Signzy, a RegTech startup, to enable the latter’s video-based KYC (Know Your Customer) solutions for its banking customers. This will allow Mastercard to provide a completely paperless, remote and secure onboarding solution for end-users.

In India, this launch will further Mastercard’s goal of driving inclusive growth via financial inclusion by enabling individuals and small businesses to go online.

Deployment of video KYC will allow end-users to complete and submit their KYC application from the safety and security of their homes. This would be 99% faster than the traditional paper-based KYC process.

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