Posidex Technologies

The Unified Payment Network (UPI) in India now handles more than 640 million transactions every day. That’s 85% of all digital transactions nationwide and half of global digital transactions.

The twin forces of digitization and consumer demand are transforming payments and the BFSI sector rapidly.

But while innovations like contactless payments and digital wallets have made customer experiences seamless, they’ve also opened up new avenues for financial crime. The cost of this is being felt around the globe.

Financial institutions (FIs) are under pressure to deliver fast, frictionless onboarding while meeting ever-changing compliance obligations. And that’s not easy when the very documents you rely on can fail the process.

The Complexity of KYC Obligations

Traditional KYC methods can’t keep up with today’s fraud tactics or regulatory pace.

FIs are besieged with the same problems:

Fragmented, inaccurate data spread across multiple systems.
Labor-intensive manual checks driving up costs.
Document quality issues—for example, when a customer uploads a digital copy of their PAN card, the resolution often drops, making the name, photo, or signature illegible. This results in the KYC process failing and the customer having to visit a branch, causing frustration and poor CX.
Incomplete, blurred, or partially erased documents that most systems can’t process.
High volumes of false positives from outdated screening systems, which waste compliance resources.

How Posidex Solves This

We’ve built AI/ML-powered platforms that make KYC continuous, automated, and customer-friendly without compromising compliance. Our capabilities include:

Real-Time Entity Resolution: We authenticate customer identities instantly for 2 sec onboarding and 10 second loan approval. It also matches new customer data against existing profiles to prevent duplication.
Data Quality: Even if customer data is missing, blurred, or partially erased, our solution can extract, validate, and verify key details, turning a rejected KYC document into a successful onboarding. Similarly, our solutions can work with low-resolution uploads, so compliance teams can approve or flag faster.
Reverse & Re-Screening: SCREEN, our global watchlist solution, concurrently screens against 2100+ domestic and international watchlists to detect potential risks early on. It flags customers listed on international watchlists, subject to sanctions, or associated with politically exposed persons (PEPs) or state-owned companies (SOC) early on. It does not just during onboarding but also periodically to ensure ongoing compliance.
Unique Customer ID: Consolidates all customer data across products and services into one record. It serves as a fortress against regulatory storms. A single, accurate, and consolidated view of customer information streamlines KYC. And because it ensures customer data is consistent and up-to-date, it reduces the risk of discrepancies and enhances compliance.

Why Continuous KYC is the Future

Static KYC checks are snapshots in time.

Continuous KYC, or ongoing customer due diligence (CDD), replaces these static periodic reviews. It is dynamic, monitoring changes in customer risk profiles in real time.

It offers a deeper knowledge of who the customer is and how the risk associated with them changes with time.

It ensures fewer manual interventions, reducing operational costs. It also allows FIs to offer better customer experience. No repeated KYC requests for the same data. We know compliance teams can’t afford errors, but customers can’t afford delays. With Posidex’s continuous KYC approach, you don’t have to choose. Our solutions:

Recover and process poor-quality documents without asking customers to re-upload.
Minimize false positives so your teams focus on real risks.
Enable cross-department access to verified customer profiles, avoiding repetitive requests.

But, most importantly, CDD gives proactive fraud detection and compliance confidence.

The Road Ahead

KYC and CDD will continue to evolve, driven by real-time data, AI, and automation. The winners will be those institutions that adopt solutions balancing regulatory rigor with customer ease.

At Posidex Technologies, we help BFSI leaders stay compliant, reduce risk, and protect customer trust while keeping onboarding smooth. Our solutions improve ROI, minimize human oversight, deliver real-time insights into high-risk customers, and optimize overall compliance operations.

Take the first step toward future-ready compliance, where KYC is continuous, accurate, and customer-friendly.

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References

https://kpmg.com/us/en/articles/2023/more-dynamic-approach-kyc.html

https://drive.google.com/file/d/1pK5k0G1V4p8lDiEA-c3JuSK0wWV3uI_F/view

https://assets.kpmg.com/content/dam/kpmg/au/pdf/2022/financial-crime-paradigm-shift.pdf

https://kpmg.com/kpmg-us/content/dam/kpmg/pdf/2023/reimagining-kyc.pdf