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Global Video KYC Market Size & Share Will Reach USD 500 Million by 2026: Facts & Factors

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New York, NY, April 05, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Video KYC Market By Deployment (Cloud and On-Premise), By Offering (Software and Service), By End User (Banks, Financial Institutions, Telecom Companies, Government Entities, Insurance Companies, and E-payment Service Providers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026”.

“As per the recent research study report, the global Video KYC Market size & share will increase from USD 154.3 Million in 2019 and is expected to reach USD 500 Million by 2026. The global Video KYC Market is expected to grow at a compound annual growth rate (CAGR) of 14.9% from 2020 to 2026”.

Know your customer or KYC is the process through which a bank or any financial institution verify the details and identity of its clients and through which it asses the risk potential of entering into the business relationship with the client. The goal of the KYC is to nullify financial crimes like money laundering and other illicit activities. Video KYC entails people can do remote KYC via video call and verify other details of authenticity through Video assistant software.

Request Your Free Sample Report of Video KYC Market @ https://www.fnfresearch.com/sample/video-kyc-market    

(The free sample of this report is readily available on request).

Our Free Sample Report Includes:

  • 2020 Updated Report Introduction, Overview, and In-depth industry analysis
  • COVID-19 Pandemic Outbreak Impact Analysis Included
  • 190+ Pages Research Report (Inclusion of Updated Research)
  • Provide Chapter-wise guidance on Request
  • 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
  • Includes Updated List of table & figures
  • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
  • Facts and Factors research methodology

(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)

Key Questions Answered in this Report

1) What were the pre and post-business impacts of COVID-19 on the Video KYC Market?

2) What is the market size, share of the Video KYC Market?

3) Who are the top market players in Video KYC Market?

4) What will be the future market of the Video KYC Market?

Also Read, E-KYC Market 2020-2026 Research Report

Industry Major Market Players

  • Wibmo Inc.
  • Ameyo
  • SignDesk
  • GIEOM Business Solutions
  • Onfido
  • PegasystemsInc,
  • IDnow GmbH
  • LeadSquared
  • FRSLABS
  • Signzy Technologies Private Limited.
  • Shufti Pro
  • HyperVerge Inc.
  • Signicat 
  • Great Software Laboratory 

To know an additional revised 2020 list of market players, request a sample report: https://www.fnfresearch.com/sample/video-kyc-market

Global Video KYC Market: Growth Factors

The growing need to minimize manual errors while also improving customer service quality and reducing costs would result in a significant expansion of the e-KYC industry in the coming years. Furthermore, the growth of the global video KYC market is mainly attributed to improved financial technology services that are increasingly in demand. These demands cannot be ignored by financial institutions, or they risk losing customers to the competition. This has compelled banks to keep up with banking developments, even in the face of the Coronavirus (COVID-19) pandemic, which has made social distancing the standard in many countries. Indeed, it could be argued that the crisis has intensified the adoption of digital services by organizations.

Global Video KYC Market: Segmentation

The global Video KYC market is segregated based on deployment, offering, and end-user and regions. Cloud and On-Premise are the further bifurcations of the deployment segment. Based on offering, the Video KYC market is categorized into software and services. In addition, the report also classified the end-users segment into banks, financial institutions, telecom companies, government entities, insurance companies, and e-payment service providers.

Inquire more about this report before purchase @ https://www.fnfresearch.com/inquiry/video-kyc-market

Increased Demand for Digitized Method to Simplify the Procedure in BFSI Sector

Important driving factor for the growth of the market is the growing demand from end-user as well as from their consumer to simplify the procedure of KYC. Technological innovation especially related to data analytics and increased usage of smartphones has accelerated the trend of Video KYC. COVID 19 pandemic has further accentuated the transition to Video based KYC as mobility is reduced and frequent contact is discouraged. Video based KYC is simple, seamless, and scalable. The market for Video KYC is growing as it reduces the onboarding cost as well as streamlines the tedious process of authentication. AI-enabled features assist in detecting fraud and malicious activity. Thus, it ensures that the employees focus on more productive activities than the routine job.

Directly Purchase a copy of the report with TOC @ https://www.fnfresearch.com/buynow/su/video-kyc-market

APAC Region Projected To Dominate Global Video KYC Market Growth

The North American region is expected to capture the larger share of the market owing to the fact that major BFSI sector companies are located in this region. Additionally, a high number of technology provider and high technology adoption rate of this region is likely to elevate the market further. Ongoing research in AI and data security is assisting to make Video KYC an acceptable standard in the BFSI sector. APAC region also has tremendous potential for growth as governments in these countries are focusing on financial inclusion. The inclusion of a vast population in the financial requires the assistance of technology such as Video KYC. Therefore, push from the government and start-up ecosystem in this region is driving the market towards growth.

Browse the full “Video KYC Market By Deployment (Cloud and On-Premise), By Offering (Software and Service), By End User (Banks, Financial Institutions, Telecom Companies, Government Entities, Insurance Companies, and E-payment Service Providers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report at https://www.fnfresearch.com/video-kyc-market

Frequently Asked Questions

What are the key factors driving 5 G core market expansions?

With the COVID-19 pandemic driving everyone into their homes, there is an increasing need for a paperless system that is both reliable and cost-effective. In addition, emerging technologies such as Artificial Intelligence (AI), UIDAI Biometrics, machine learning, face matching, and recognition are expected to help the global growth of Video KYC.

What will be the value of the Video KYC market during 2020- 2026?

According to Facts and Factors, global demand for the Video KYC market is expected to generate revenue of around USD 408.8 Million by end of 2026, growing at a CAGR of around 14.9% between 2020 and 2026.

Which region will make notable contributions towards global Video KYC market revenue?

In 2019, North America is expected to have a large market share. High technology adoption rate paired with the presence of key market players is expected to fuel the growth of the video KYC market. Furthermore, Europe is primarily driven by favorable government initiatives across the region. The Asia Pacific has emerged as the fastest-growing region during the analysis period.

What are the key players leveraging Video KYC market growth?

Some main participants operating in the global Video KYC market are LeadSquared, HyperVerge, Inc., FRSLABS, Signzy Technologies Private Limited., Shufti Pro, Wibmo Inc., Ameyo, SignDesk, GIEOM Business Solutions, Onfido, Pegasystems Inc, IDnow GmbH, Great Software Laboratory, and Signicat amongst others.

Related Reports:

E-KYC Market: https://www.fnfresearch.com/e-kyc-market-by-end-user-banks-financial

E-Invoicing Market: https://www.fnfresearch.com/e-invoicing-market-by-type-cloud-based-and-177

E-Discovery Software Market: https://www.fnfresearch.com/e-discovery-software-market

E-Paper Display Market: https://www.fnfresearch.com/global-e-paper-display-market-by-product-auxiliary

E-learning Market: https://www.fnfresearch.com/e-learning-market

About Facts & Factors (FnF Research):

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.

Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Appian Signs a Strategic Collaboration Agreement with AWS to Deliver Private AI for End-to-End Process Automation

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Collaboration leverages Amazon Bedrock and Sagemaker to power Appian’s Data Fabric with generative AI capabilities
MCLEAN, Va., April 16, 2024 /PRNewswire/ — Appian (Nasdaq: APPN) announced today that it has signed a Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to make generative artificial intelligence (AI) more accessible to enterprise business processes. Appian will invest significant resources to find novel ways to combine Appian’s native AI capabilities and the Appian data fabric with the large language models (LLMs) provided by Amazon Bedrock and machine learning (ML) capabilities from Amazon SageMaker. Amazon Bedrock is a fully managed service that offers a choice of high-performing foundation models (FMs) from leading AI companies via a single API, along with a broad set of capabilities organizations need to build generative AI applications with security, privacy, and responsible AI. Amazon SageMaker is a service to build, train, and deploy ML models for any use case with fully managed infrastructure, tools, and workflows.

Appian is designed to automate mission-critical business processes in some of the most innovative, highly regulated, and security-sensitive industries. These customers want to leverage AI while maintaining the security of their data. They also face shortages of data scientists and increasing information technology (IT) backlogs. Appian’s private AI approach gives enterprises control over their own data and makes sure their data is not used to train public models that other organizations can use. Appian’s low-code AI process platform with its Appian AI Skills capability enables customers to easily incorporate AI into business processes, letting AI and humans work together seamlessly.
“Appian’s collaboration with AWS takes a major leap forward with this announcement,” said Michael Beckley, CTO at Appian. “The AI economy is here and it will quickly create a strong competitive advantage for organizations that know how to use it. Enterprises that upgrade their core business processes with AI and Appian’s data-driven insights will thrive while those that fail to do so will lose control of their data and their future. Amazon Bedrock is an important enabler for our private AI vision. Together, we give organizations the ability to effortlessly use AI for process automation with data privacy and security at the forefront.”
“The Appian AI Skill Designer helps us get real value from AI without needing a team of data scientists to figure it out. The no-code design made it quick and easy for our developers to incorporate AI into our existing applications,” said Matt Richard, CIO at LiUNA.
By harnessing the capabilities of Amazon Bedrock, Appian gains the ability to host LLMs within customer compliance boundaries and privately customize those models, ensuring that sensitive data remains secure and confidential. Amazon SageMaker allows Appian customers to create, train, and fine tune proprietary AI models using their own data. As AWS AI and ML services are designed with security and privacy best practices, Appian customers can leverage their data to receive more accurate and relevant results from their generative AI applications based on the unique needs of their businesses.
“Companies deeply care about security and privacy, especially when leveraging AI. This collaboration between AWS and Appian helps customers streamline mission-critical business processes confidently by leveraging AI and machine learning in a secure and compliant manner,” said Chris Grusz, Managing Director of Technology Partnerships at AWS.
Learn more about Appian’s relationship with AWS and its vision for generative AI-powered developer experiences.
About AppianAppian is a software company that automates business processes. The Appian AI Process Platform includes everything you need to design, automate, and optimize even the most complex processes, from start to finish. The world’s most innovative organizations trust Appian to improve their workflows, unify data, and optimize operations—resulting in better growth and superior customer experiences. For more information, visit appian.com. [Nasdaq: APPN]
Follow Appian: LinkedIn, Twitter.
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Artificial Intelligence

GAC TECH DAY 2024: Groundbreaking Innovations Redefine Automotive Excellence

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GUANGZHOU, China, April 16, 2024 /PRNewswire/ — On April 12, GAC TECH DAY 2024 took center stage at the GAC Research Institute in Guangzhou, China, under the theme “See the World with New Vision.” The conference was attended by approximately 260 foreign and domestic media outlets and distinguished guests, including relevant Guangdong Province and Guangzhou City leaders, Zeng Qinghong, Chairman of GAC Group, and Feng Xingya, President of GAC Group.

On the day, GAC, a trailblazer in automotive advancements, unveiled several groundbreaking technologies set to revolutionize the driving experience.
First, the Garcia Intelligent Driving System, a pioneering pure vision-based intelligent driving solution devoid of maps, promises a seamless and immersive driving experience. Unlike traditional systems reliant on high-precision maps and LiDAR, Garcia leverages visual sensors and AI algorithms to perceive the world with human-like precision. With three leading capabilities in visual recognition, Garcia offers unparalleled accuracy and reliability in complex traffic scenarios.
GAC also announced key breakthroughs in its all-solid-state power battery technology, setting a new standard for energy density, safety, and capacity. The innovative battery promises extended ranges exceeding 1000km and enhanced safety under extreme conditions. 
Both innovations are set for mass production and deployment by 2026.
In addition to technological breakthroughs, GAC showcased a range of advanced technologies and user-centric products, including electromagnetic suspension, skateboard chassis, and GOVE, the company’s first eVTOL mobility solution that has already completed its maiden flight this March.
GAC’s new iGLCA intelligent light commercial vehicle segment—MIRACO Motor—also made its official debut at GAC TECH DAY 2024 with the release of its flagship model “MiraLounge”. Primarily designed for passenger transport services, the vehicle allows for the separation of cabin and driving compartment to achieve a multi-model derivation through “MiraBoard 2.0” technology. The vehicle supports L2 to L4 level intelligent driving and is scheduled to hit the market in the fourth quarter of 2024. 
The event also marked the launch of the Welfare Edition of E9, GAC’s luxury PHEV MPV. The new version of the 7-seater caters to users with mobility challenges with its unique detachable electric seat.
GAC’s relentless pursuit of innovation underscores its vision to reshape the automotive landscape and drive sustainable growth. With a focus on technology-driven development, GAC aims to continue pushing the boundaries of automotive excellence, setting new benchmarks for the industry.
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Artificial Intelligence

SQream’s No-Code Platform Panoply Earns 21 G2 Badges in Key Customer Satisfaction Categories for Spring 2024 Report

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These badges demonstrate Panoply’s Continuously Unparalleled Excellence in data warehousing and data extraction based on compiled user reviews
NEW YORK, April 16, 2024 /PRNewswire/ — SQream, the GPU accelerated data processing and analytics company, announced today the remarkable achievement that its no-code ELT and analytics platform Panoply, has received 21 prestigious G2 badges for Spring 2024. These accolades highlight Panoply’s continued commitment to excellence and innovation in the data warehouse and ELT (Extract, Load, Transform) space, and underscores Panoply’s dedication to their customers, particularly in the realm of ease of use, and marks the highest number of badges awarded to the company in one report to date.

G2, a prominent authority in business software and service evaluations, leverages the collective knowledge of its user community to aid individuals in making well-informed choices regarding software and services for their enterprises. The G2 Spring 2024 Report rankings underscore Panoply’s significance to small- and medium-sized businesses grappling with data extraction challenges and highlight the exceptional simplicity of Panoply’s no-code approach.
“We are truly honored to receive 21 G2 badges, which reflect Panoply’s year-on-year growth in customer satisfaction. Simplifying data management in the no-code ELT space is at the core of our commitment to our customer base, and we are thrilled to see that Panoply’s exceptional solutions driving data transformation consistently receive this trusted stamp of approval,” said Ami Gal, CEO and Co-Founder of SQream. “We look forward to advancing our strategy of delivering robust data management solutions across all business types—from SMBs leveraging Panoply for streamlined cloud-based warehousing to enterprises implementing GPU-accelerated analytics with SQream, both in the cloud and on-prem. Our commitment remains to empower every organization to maximize their data potential and drive business success.”
Panoply has consistently set the industry standard for delivering user-friendly solutions that empower organizations to harness the full potential of their data. In the Spring 2024 G2 reports, Panoply earned badges in a wide array of categories, both for their data warehouse capabilities and ETL tools, showcasing its exceptional performance and dedication to simplifying complex data processes, including:
Data Warehouse Category: 
Best Estimated ROIBest Estimated ROI – Mid-MarketBest Support – Small BusinessEasiest AdminEasiest Admin – Mid-MarketEasiest Admin – Small BusinessEasiest Setup – Mid-MarketEasiest to Do Business With – Small BusinessEasiest to UseEasiest to Use – Small BusinessFastest Implementation – Small BusinessHigh PerformerHigh Performer – Asia PacificHigh Performer – EMEAHigh Performer – Mid-MarketHigh Performer – Small BusinessETL Tools Category: 
Easiest AdminEasiest SetupHigh PerformerHigh Performer – Mid-MarketHigh Performer – Small BusinessPanoply’s no-code approach to data management provides greater visibility into business performance by aggregating data from multiple data sources to deliver deeper insights. With Panoply, organizations can automatically store raw data in analysis-ready tables, create core business logic to keep metrics consistent, and explore and visualize their data within the platform’s workbench. Deploying a consolidated storage solution like Panoply also centralizes access to data assets to provide a single source of truth.
If you want to learn more about how Panoply can help you gain fast data insights, visit https://panoply.io and schedule a demo.
About Panoply by SQream
Panoply’s managed data warehouse plus ELT and dashboards make it easy for users to sync, store, access, and visualize their data without complex code. Panoply is a product line of SQream, specializing in data processing and analytics acceleration, revolutionizing the way organizations approach big data analytics and AI/ML workloads with its unique GPU-patented SQL engine. SQream’s solutions are designed to meet the needs of enterprises grappling with massive or complex datasets, offering unparalleled performance, scalability, and cost-efficiency. Tailored for industries ranging from finance to telecommunications, SQream empowers businesses to unlock actionable insights from their data with unprecedented speed and efficiency.
SQream is trusted by leading enterprises including LG Electronics, Samsung Display, Sinch, Orange, AIS, and more. To learn more, visit sqream.com or follow us on Twitter @sqreamtech.
Media Contact:Raz KaplanSenior Marketing Manager at SQream+972 [email protected]
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