iStart

iStart, developed by iSolve Technologies Private Limited, is a RegTech platform designed to streamline digital onboarding, KYC/AML processes, and identity verification for banks, NBFCs, and other regulated financial services. According to the vendor, this software solution caters to professionals and industries such as banks, non-banking financial companies, portfolio & wealth managers, asset management companies, and insurance companies. With its innovative features and robust functionality, iStart aims to revolutionize customer onboarding and compliance management for businesses of all sizes.

Key Features

Video KYC: According to the vendor, iStart offers an RBI-approved video customer identification and verification system (V-CIP) that allows remote onboarding of customers within 60 seconds. This branchless and paperless process securely collects and verifies proof of identity (POI) and proof of address (POA).

AI-Facial Recognition System: The vendor claims that iStart utilizes an AI-powered facial recognition system to eliminate fraud and ensure customer genuineness. This real-time system detects face liveness, retina and iris patterns, and voice waves, authorizing customers during live calls and confirming the authenticity of submitted documents.

Regulatory API Integrations: iStart provides advanced API integrations with Central Identities Data Repositories, enabling seamless verification of customers' online verification documents (OVDs) within seconds. The vendor states that this feature ensures compliance with regulatory guidelines and streamlines the KYC process.

Digital KYC/AML Checks: According to the vendor, iStart performs intelligent AML/KYC checks to enhance compliance and reduce fraud. This feature enables fraud detection, customer risk profiling, and categorization, converting partially verified customers into fully compliant account holders.

ICR/OCR Data Extraction: The vendor claims that iStart automates data extraction using AI-powered ICR/OCR functionality, streamlining the onboarding process. This feature eliminates manual data entry, reduces errors, and increases operational efficiency.

Business Reports & Analytics: iStart offers smart and customizable dashboards equipped with business intelligence analytical tools. According to the vendor, these real-time reports provide valuable insights into customer behavior and preferences, assisting businesses in making informed decisions.

Document Management System: The vendor states that iStart includes a built-in data records management system (DMS) for secure and organized storage of customer documents. This system facilitates easy access and retrieval of documents, helping businesses maintain compliance with data protection regulations.

Consent-based Authorization: According to the vendor, iStart enables secure and legally binding digital signatures through e-signature integration using docusign & e-sign. This feature enhances the customer onboarding experience and reduces the need for physical paperwork.

De-duping Functionality: iStart offers a de-duping functionality that identifies duplicate customer information files (CIF) in real-time. According to the vendor, this feature helps maintain accurate customer records, reduces the risk of duplicate accounts and fraud, and improves data integrity and quality.