About the App

FPT eKYC Demo is designed to streamline the identity verification process, offering a modern solution for businesses and organizations in Vietnam. Focusing on electronic Know Your Customer (eKYC) functionalities, this app supports the verification of four common Vietnamese identity documents: identity cards (both with and without chips), driving licenses, and passports. Developed by the FCI Team, this demo serves as a framework to showcase the potential of digital identity verification in enhancing security, reducing fraud, and improving customer onboarding experiences.

Features

Multi-Document Support

This app stands out due to its ability to process various types of Vietnamese identity documents. Whether it’s an older identity card, a newer chip-based card, a driving license, or a passport, the app is equipped to extract and verify key information. This comprehensive support ensures that a wide range of users can be verified, regardless of the type of identification they possess.

Electronic Data Extraction

At its core, the app offers the ability to electronically extract data from identity documents. Using advanced scanning and recognition technologies, it accurately captures information such as names, dates of birth, and identification numbers. This digital extraction not only speeds up the verification process but also reduces the risk of manual data entry errors, leading to more reliable results.

Framework Demonstration

As a demo project developed by the FCI Team, this app serves primarily as a framework demonstration. It illustrates how eKYC technology can be implemented and integrated into various business processes. The framework highlights the potential for customization and scalability, showing how businesses can adapt the technology to meet their specific requirements.

Benefits & Drawbacks

Benefits:

• Offers a glimpse into the future of identity verification, showcasing the potential of eKYC technology.
• Supports multiple types of Vietnamese identity documents, providing comprehensive coverage.
• Reduces manual data entry and improves the speed and accuracy of identity verification processes.

Drawbacks:

• As a demo, it may not have all the features and functionalities of a full-fledged eKYC solution.
• Limited to Vietnamese identity documents, restricting its use to the Vietnamese market.
• Integration with existing systems may require additional development effort.

Alternatives

1. Veriff: A global identity verification platform that supports a wide range of document types and offers advanced features like facial recognition and liveness detection.
2. Sumsub: Provides a comprehensive KYC/AML solution with automated identity verification, fraud prevention, and compliance monitoring.
3. Jumio: Specializes in AI-powered identity verification, offering solutions for KYC, AML, and regulatory compliance across various industries.

Final Words

For businesses and organizations operating in Vietnam, this application offers a valuable insight into the capabilities of modern eKYC technology. Supporting verification across multiple Vietnamese identity documents, it presents a pathway for streamlining customer onboarding, enhancing security, and reducing the risk of fraud. While this application serves as a framework demonstration, it underscores the transformative potential of digital identity verification in meeting the evolving needs of the Vietnamese market.