Kyc project techcanvas

1. KYC Validation Project
KYC Management and MIS

2. KYC Validation - Requirement
We, ABC Bank Ltd, have a Loan Origination System to manage and process loan applications for our retail loans (Home
Loan, Auto Loan, Gold Loan and Personal Loan). We also have a Loan Processer to calculate decisioning parameters and
also it has auto-decisioning capability.
At present we want to automate our Verification process (KYC Validation) which can share the required documents with
our third party vendors and external APIs to initiate verification and receive the verification reports. We are also looking
to generate a MIS to track all the verification and escalate with those vendors
As part of the process, we want to automate below verifications:
• Identity Verification
• Address Proof Verification
• AADHAAR verification
• PAN Card verification
• Income Proof verification
• CIBIL verification
• Criminal Check

3. KYC Validation - Submission
• We, ABC Bank Ltd, is looking for a functional architecture and requirement break-down structure to understand depth
and breadth of this new system.
• We are fine with any of the project execution methodology to implement this.
• Our main objective is to expedite and control the entire KYC Validation process, so the new system should be able to
handle that.
• Since, this is a new system in our ecosystem seamless integration is key. We are also open to any suggestion.