e-KYC facilitates completion of KYC process online eliminating the need for filling up physical forms and submission of physical documents. The main objective of e-KYC is to register the customer with least amount of paper work and in the shortest possible time. One such innovative Israeli company AU10TIX Limited, which is a pioneer of multi-channel (front-end and online) Secure Customer on boarding technologies visited Mumbai from 26th – 29th November 2018.

Mr. Shay Cohen, Sales Director – APAC and Mr. Ayal Zirlin, Director of Operations at AU10TIX visited Mumbai to promote Secure Customer on boarding technology invented by AU10TIX. AU10TIX’s visit was planned and organized by the Economic & Trade Mission of Israel in Mumbai.

AU10TIX solutions act as Secure Customer Enrollment Gateway that help detect ID fraud and enable effective KYC compliance; replace slow, error-prone and costly manual processing; speed up customer processing and increase volume handling capacity, reduce work, material and logistics costs of paper-based record management; and boost efficiency across CRM and risk management operations.

During the initial 2 days, Mr. Cohen met with various Banks and e-wallet companies and understood their current customer on boarding methods and discussed how their solution can drastically reduce their secure customer on boarding time.

Later during his stay in Mumbai, Mr. Cohen was invited by some companies to have 2nd round of discussions. During 2nd round discussion, some companies have agreed to enter Proof of Concept (POC) stage with AU10TIX realizing the value add of their technology.

For further information, contact the Economic and Trade Department at the Consulate General of Israel in Mumbai.

Siddhant Gupte; Trade Officer, Mumbai

Email: siddhant.gupte@israeltrade.gov.il