The purpose of using this specific method is to verify the identity of multiple account holders simultaneously. It is faster and more convenient than the traditional KYC process and reduces the burden of physical document submission and in-person verification. Moreover, It is widely used for opening joint accounts in financial institutions like banks, stock brokers, and mutual funds.
Joint Holder eKYC is the next level of customer verification, which enables one to open an account jointly based on requirements.
Joint accounts streamline shared asset management, granting all holders equal access to collaborative investment decisions and simplified monitoring.
Joint accounts aid estate planning with survivorship rights. Upon one holder's death, assets pass directly to survivors, avoiding probate for efficient asset transfer.
Tailor joint trading accounts to account holders' needs. Customize management and decision-making, even requiring unanimous consent for specific transactions.
Joint trading accounts enable multiple individuals (spouses, family, or partners) to pool resources, boosting available capital for collective trading and investments.
Pooling knowledge and expertise from multiple account holders improves strategy formulation.
Efficient, secure, time-saving identity verification for joint account holders, simplifying compliance and ensuring convenient, equal access.
It streamlines identity verification for multiple account holders.
Joint EKYC ensures robust authentication, bolstering account security.
Faster EKYC process benefits all account holders, reducing administrative delays.
Joint EKYC simplifies regulatory compliance for shared accounts.
It offers all account holders equal, hassle-free access to their shared accounts.
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