Comprehensive CKYC Reporting Solution - Phoenix AI Platform
Transform your CKYC reporting process from manual, error-prone tasks to streamlined, intelligent automation. Phoenix emerges as a game-changing solution for RBI, SEBI, IRDAI, and PFRDA regulated entities with 95.5% first time right success rate.
Comprehensive CKYC reporting automation for regulated entities
Proven Performance Metrics
Phoenix AI platform delivers industry-leading CKYC reporting performance for regulated entities across India.
Visit Our Bengaluru Office
Get personalized assistance for your CKYC reporting and compliance automation needs
📍 Office Address
244, 2nd Floor, Fortune Summit IT Park
Hosur Rd, Muneswara Nagar
Roopena Agrahara, Sector 6
HSR Layout, Bengaluru, Karnataka 560068
📞 Contact Details
Email: support@shibui.ai
Website: shibui.ai
Support: 24/7 Customer Support
🕒 Business Hours
Monday to Friday: 9:00 AM - 6:00 PM
Saturday: 9:00 AM - 1:00 PM
Support: Round-the-clock assistance available
Our CKYC Reporting Process in Four Easy Steps
Streamlined CKYC reporting workflow that transforms complex compliance into simple automation. Learn more about our comprehensive CKYC solutions.
Upload
Bulk upload your customer data through API or Excel integration. Phoenix accepts multiple data formats and validates information automatically.
Process
Let our AI system process, search, download, create batch files and upload to CKYC registry with automated data reconciliation.
Manual Review
Take action on cases with issues such as missing data points or rejections. Our system provides actionable insights for quick resolution.
Response
Wait for response from CKYC registry. Connect through webhook notifications or detailed reports for complete audit trail.
Trusted by Leading Financial Institutions
Understanding CKYC Compliance
Watch what RBI has to say about CKYCR number and regulatory compliance requirements.
CKYC Reporting Challenges We Solve
Regulatory Process Requirements
- Central KYC Registry (CKYCR) serves as central record for KYC information of all RE customers
- CKYCR hosts more than 53 Cr of KYC records as of March'22
- All Regulated Entities must upload customers' KYC records within 7 days of onboarding
- Failure to comply results in penalty and punitive action by regulators
- Covers all financial sector regulators: RBI, SEBI, IRDAI & PFRDA
Operational Challenges
- REs perform multiple steps to ensure customer data matches CKYC registry details
- Creating new CKYC records requires following multiple complex steps
- Processing single CKYC record requires checking 100+ data fields
- 100+ data fields reconciled using multiple API sets and complex processes
- 30-50% of records fail to complete straight-through processing journey
- Complex regulatory compliance requirement faced by all regulated entities
Comprehensive CKYC Solution Features
Phoenix AI platform highlights key attributes that drive CKYC reporting success for regulated entities.
CKYC Search and Download APIs
Search CKYC records with Aadhaar, PAN, Driving License, Passport, Voters ID, CKYC number through high-performance APIs.
CKYC Upload and Update
Automated process to upload and update to CERSAI portal with comprehensive UI for monitoring and tracking.
Unsolicited Notification Download
Download unsolicited notifications as per latest regulation with automated processing and alert mechanisms.
Cost Efficient
Significant reduction in overall cost of ownership. 20% less than competition with transparent pricing model.
Technology Driven
AI/ML based solution to automate all manual steps. Image merging, cropping, compression, Aadhaar masking and OCR capabilities.
Highly Scalable
Significant cost reduction with scalable solution. Process lakhs of records in a day with consistent performance.
Operational Efficiency
Only one Maker and Checker operation user needed for the entire process, reducing operational overhead.
User-Friendly Interface
Intuitive design ensures smooth navigation, enhancing user experience without needing technical expertise.
24/7 Customer Support
Round-the-clock assistance available, ensuring issues are resolved quickly, keeping operations running smoothly.
CKYC Regulation Updates
Regulations are ever evolving and we stay one step ahead with our CKYC reporting solutions.
Unique IP for each financial institute
Enhanced security measures with dedicated IP allocation for each regulated entity.
CKYC number masking
Implementation of privacy protection through CKYC identifier masking in responses.
Updated reporting TAT from 10 days to 7 days
Reduced turnaround time for CKYC reporting compliance from 10 to 7 days.
Mandatory download of unsolicited notifications
New requirement for automated download and processing of unsolicited notifications.
Frequently Asked Questions - CKYC Reporting
We pride ourselves with subject matter expertise. Here are top FAQs about CKYC reporting solutions.
Yes, a case can be processed without PAN details. It is mandatory to have either PAN or FORM 60 details for customer. Our system is capable of handling this scenario and auto-populating PAN number wherever available.
Get in touch for customized solution to auto populate missing data and reduce your manual efforts. Phoenix AI platform provides intelligent data completion capabilities.
We have observed only 0.5% of CKYC rejections through our process. These rejections are sent to manual queue with actionable insights for cases to be worked and re-submitted quickly.
Phoenix platform can process lakhs of CKYC records in a day with 90% straight-through processing rate and 95.5% first time right accuracy. The solution is highly scalable.
Phoenix stays updated with latest regulatory changes from RBI, SEBI, IRDAI, and PFRDA. Our platform automatically adapts to new compliance requirements and regulatory updates.
Ready to Transform Your CKYC Reporting Process?
Join leading financial institutions using Phoenix AI platform for seamless CKYC compliance. Get 95.5% first time right accuracy with automated reporting.
Disclaimer:
*Phoenix AI platform by Shibui Technologies provides CKYC reporting solutions for regulated entities
*Terms and conditions apply, based on regulatory requirements and compliance standards.