SBI Partners with HyperVerge to offer AI-powered Online Account Opening amid Covid-19
Recently, State Bank of India (SBI) has made partnership with HyperVerge in order to provide convenient digital banking services to the customers.
AI-powered Online Account Opening
- The customers of SBI bank will be able to instantly open savings account using the Video Banking process, during the COVID-19 Disease.
- customers will require minimal ID documents to open an account.
How will the Video Banking solution work or its Roles?
- It will provide a ten times faster facility to open accounts per day per agent.
- it will complete the entire process within 5 minutes.
- The whole process will be paperless.
- Customers will have to undergo regular video KYC checks during opening accounts.
- The Video Banking solution will help in assisting Customers with AI engines with an accuracy of 99.5%.
- the Video Banking solution will perform pre-qualifier checks on customer details, schedule video calls with high throughput and AI-driven Liveness, OCR, and Facematch checks.
About State Bank of India –
Headquarters: Mumbai
Chairperson: Dinesh Kumar Khara
Founded: 1 July 1955
People also Ask: Faqs
Q.1 Which bank will offer AI-powered Online Account Opening?
SBI will offer AI-powered Online Account Opening amid Covid-19.
Q.2 What is the AI-powered Online Account Opening?
The customers of SBI bank will be able to instantly open savings account using the Video Banking process, during the COVID-19 Disease.
Q.3 document required for AI-powered Online Account Opening?
customers will require minimal ID documents to open an account.
Q.4 How will SBI Video Banking solution help?
The Video Banking solution will help in assisting Customers with AI engines with an accuracy of 99.5%.