The discount brokerage market in India has been growing by leaps and bounds as providers move to the Cloud and consumers have access to an ever-growing variety of securities to invest in. Scalability becomes a key challenge when target consumers are onboarded on to a digital platform.

Recognic simplifies this process by enabling end-to-end processes for Know-your-Customer (KYC) validations. The incoming documents are parsed and classified in real-time and uploaded into relevant content management systems. Recognic optimizes the cloud consumption costs for peak loads and also enables scalability without compromising on the quality of customer checks.

Angel Broking saw a 4x growth in API consumption levels over a period of three months in 2020 post the Covid-19 lockdown. Recognic enabled a stable customer onboarding process throughout this period and added value through additional use-cases for complementary KYC and financial documents.