October 2023 Summaries

The RBI regulations require organizations in the BFSI sector to collect customer consent for using their personal information for verification, and they must choose between building their own video KYC infrastructure or buying a ready-to-use InfraTech solution. Building an in-house infrastructure involves implementing various features and technologies to securely verify identities through video calls, but it comes with significant challenges and costs. On the other hand, buying a ready-to-use video KYC infrastructure offers cost-effectiveness, streamlined onboarding processes, reduced operational costs, and compliance with regulatory guidelines. VideoSDK stands out as a leading provider of comprehensive video KYC solutions that prioritize security and compliance.

Open source video infrastructure, such as Jitsi and Janus built on WebRTC, offers flexibility and customization options but also has limitations, including data security concerns, scalability issues, and compatibility problems with various platforms and devices. These limitations can make it challenging to provide a comprehensive KYC solution, particularly when dealing with large volumes of customer data. In contrast, VideoSDK offers numerous benefits, including cost-efficiency, regulatory compliance, and developer-friendliness, making it an attractive alternative for organizations seeking to elevate their KYC infrastructure and enhance their business capabilities.