And as more and more services are rendered digitally, there is a danger that a new kind of exclusion is created denying essential services such as banking, education, health and welfare for a large sect of people. KYZO documents are shared as digitally signed documents so the service providers can rest assured that the documents are not tampered. As an example, if you ask for my identity documents, I either provide you with a paper copy which needs to be digitised later by you to store it in your server or send you a digital copy by taking a picture and sending via social channels such as WhatsApp. At the point of sharing KYC (say to open a Bank Account), the customer simply has to scan the unique QR generated by the Bank, consents to share the identity data and authenticate using a PIN. And then there is the غير مجاز مي باشدt of maintaining them. Or, you could just scan the QR code at the Hotel lobby to share your identity data as a digitally signed PDF with the Hotel Manager. Therein lays the issue.DC: In your view, what are some of the major areas/functions on which Kyzo App can have a major impact? Can you cite some examples?Mr Shankar: We believe KYZO will impact every aspect of KYC (Know Your Customer) in the future. Yet, existing KYC processes are onerous with paperwork, intrusion and delays at best and outright exclusion at worst. Now all our Clients needed was a QR code and zero integration to collect KYC documents from consumers.FRSLABS, founded in 2010, is a company focussed on developing digital identity verification (KYC) and fraud prevention solutions for consumers and businesses. Cutting edge OCR and computer vision technology CNC Universal Cylindrical Grinding Machine Manufacturers will automatically extract the ID details and pre-fill an identity form for later use by the Customer. We foresee that it can be used by governments, individuals, companies, schools, hotels, casinos, car rentals and virtually any place where your ID needs to be shared safely. We integrated our entire tech and released it as a free App – after all, we are strong proponents of “identity being a public good”. The future really is to improve the consent layer so that the documents shared by the customer to service providers cannot then be re-shared without the full consent of the customer – this is perhaps not true with all existing methods.‘Know Your Customer’ or ‘KYC’, follows a common man like a shadow for a range of rights and services.

Insurance, investment, health, education, social welfare and financial services: one cannot get past without KYC. The data seamlessly transfers to the Banker’s App. We do not take cloud backups or have personal data going outside the devices putting to rest mass hacks, leaks and privacy concerns. And match the ID images with face images to verify identity. And there are no guarantees for the customer that the data shared will not then be re-shared without consent. There will also be a real-time video verification feature for regulated entities who would like to verify customers through Kyzo, instead of meeting face to face.. This existential problem, untouched for half a century, led FRSLABS to create the digital KYC solution called KYZO. Worse still there is no guarantee for the service provider that you have sent these documents with your full consent.DC: How important is Digital KYC for the current digital landscape to evolve?Mr Shankar: According to World Bank Findex database, over half the worlds populate either do not have a valid identity document or have some form of identity document that cannot be used digitally. For instance, sharing your KYC documents with Banks and other regulated entities can happen face to face by scanning the QR code in the Banker’s App which is validated and stored in the core Banking systems (if this is what the regulator wants the Banks to do).To learn more about ‘KYZO’, we got in touch with Mr Shankar - Founder & CEO of FRS Labs and these were his responses:DC: From working for the UK Markets to being the Architect of Kyzo App, How did Kyzo come about? What were some of the major learnings?Mr Shankar: KYZO was not conceived in a day, nor did it come about as one giant leap; instead it was a series of small innovations that finally led to KYZO being launched on 01 April 2019. What we are aiming to do is to close this gap by digitising the physical identity documents so it can be used safely in the digital eغير مجاز مي باشدystem which can then be validated by businesses to accept them.

When we were working with clients (large Banks and Insurance companies), it occurred to us that the Clients took too long to integrate our tech into their own Apps. KYZO changes all of this by making KYC sharing high assurance, secure and totally consent-based method.KYZO is a free Digital KYC app for consumers that allow them to scan and store any officially valid ID, photo and other relevant identity documents. The data transfer is done offline such that no network connectivity is needed making it convenient to work even in the remotest parts of the country.DC: As a creator for Kyzo, what kind of apps or services in other sectors would you like to see Kyzo being leveraged?Mr Shankar: KYZO can be used in multiple ways – face to face, app to app and app to the web. On the other hand, we have made it a zero integration solution for the vast majority of the service providers who are obliged to collect KYC as part of their service. We followed it up with Optical Character Recognition to automatically extract data from ID cards such as PAN, Aadhaar, Passport, DL and Voter ID and international identity documents. We initially developed capturing a KYC compliant face which is now compatible in over 600 mobile devices adjusting for blur, exposure, liveness and then cropping and compressing the image to a prefect photo in about 5 seconds. On the one hand, KYZO will remain a secure vault for consumers to save their Identity documents within the App encrypted. This is a win-win for both consumers and businesses.DC: Your future vision for Kyzo (which is going to become more important, especially in a paperless world that is being actively pursued by the Government)? What are the sectors (HR, Financial sector) can be transformed using the power of Kyzo?Mr Shankar: KYZO has the power to transform KYC for citizens across the globe. This led us to KYZO. Digitising paper documents later is an expensive process and storing your sensitive documents in your Phone gallery provides an open door for other Apps to pry on your sensitive data