In this article, we will explore the options available for Video KYC Infrastructure and compare the limitations of Open Source solutions with the benefits of VideoSDK. We will discuss why VideoSDK may be better for your VideoKYC Solution. By understanding the differences between Open Source and VideoSDK, you can make a decision that aligns with your organization's needs. Let's talk about detailed comparisons and discover how VideoSDK can improve your real KYC (generally considered as VCIP) procedures.
What is Open Source Video Infrastructure?
Open Source Video Infrastructure is developed with the contribution of the developer-friendly community as most of those features are demanded by the community. It can be customized and branded for specific use cases of video conferencing platforms and It provides flexibility for developers to integrate video communication capabilities into their applications.
What are the limitations of Open Source Infrastructure used by industry?
When it comes to video KYC solutions or infrastructure, there are various options available, in open-source solutions. However, larger banks don't consider these types of video KYC solutions. OS platforms like Jitsi and Janus built on WebRTC can be delivered to specific use cases. It's also important to note that open-source solutions may have some limitations. One of the limitations is Data security, which is a crucial aspect of Video KYC processes, and while open-source solutions may not provide complete control over data security, they only offer control over data.
WebRTC (Web Real-Time Communication)
WebRTC, the backbone of real-time communication on the web, has recently encountered a series of challenges that deserve attention. These issues range from the compatibility of WebRTC with various platforms and devices.
Scalable Video Codec Concerns
Some noteworthy problems include the Video Analyzer failing to function under default server settings, the need for a WebGPU code refresh, and concerns about scalability with the Scalable Video Codec. These issues address the requirement for updates for not functioning correctly with the VP9 video codec.
Troubles with Audio and Video Source Selection
There are issues related to audio and video source selection on Chrome/Android for external USB devices and difficulties with perfect negotiation, rendering resolutions in Firefox, and utilizing Bluetooth headsets with WebRTC.
Overcoming Compatibility Challenges
Some issues have surfaced regarding permissions, and device compatibility recently, ranging from mirroring and recording video from camera streams to addressing concerns related to the use of Scalable Video Codec and Trickle ICE. Some have been cropping up to ensure users a smoother and more reliable real-time communication experience.
Other Issues
Additionally, there is a problem related to code samples using deprecated functions and rendering webgl_teapot samples at incorrect resolutions in Firefox. These issues underscore the importance of continually improving and refining WebRTC and shed light on the evolving landscape of WebRTC, where developers are actively tackling discussions.
Jitsi
Jitsi is built on WebRTC with a customizable option and It does not provide end-to-end encryption on the Firefox browser of Mozilla, users have experienced camera and microphone issues in Google Chrome when authentication is enabled without a guest domain.
Translation Issues
Some reported problems include translation not functioning as expected, and concerns about features like startWithAudioMuted and startWithVideoMuted not aligning with the configuration settings, indicating potential localization issues.
Quality and Configuration Concerns
A peculiar problem arises when no camera or microphone is detected in Google Chrome when authentication is enabled without a guest domain, which may not align with configuration expectations, impacting the quality of web conferencing.
Mobile Bandwidth Optimization
Another issue highlights the need to enable resolution constraints on mobile apps to conserve bandwidth, particularly for iOS and Android. The recurring problem involves encountering audio and video communication failures when connecting randomly.
Other Issues
Some other reports mention random users experiencing issues with enhanced end-to-end encryption (E2EE) support for Android and iOS, while others note that Jitsi doesn't initiate connections on locked iPhones.
In Jitsi, all concerns have been raised about privacy, with reports indicating that JitsiMeet.framework utilizes react-native-netinfo, which sends HTTP requests to Google, potentially raising privacy-related questions. These issues highlight the importance of continuous improvement and community involvement in open-source projects like Jitsi.
Unparalleled Limitations
Open Source does not end here with its limitations. If you deep down, it requires more self-control upon utilization including,
Access to Critical Datasets
Open source tools might lack access to KYC Infrastructure’s standardized datasets. These datasets are often maintained by other entities, limiting their ability to deliver a comprehensive KYC and AML solution.
Data Security
Open-source solutions may not offer the robust data security measures required for KYC and AML compliance. Encryption protocols provide control over data but they can be less comprehensive.
Scalability and Reliability
When dealing with large volumes of customer data, scaling open-source solutions can be challenging, especially Ensuring reliability under varying workloads can be a hurdle.
Open Source tools may not have access to these datasets, making it difficult to provide a comprehensive KYC solution. Yet, it's time to consider how transitioning to VideoSDK can revolutionize your KYC (Know Your Customer) processes.
Why should you migrate from Open Source to VideoSDK's Infrastructure?
VideoSDK offers an extensive collection of benefits, including cost-efficiency, regulatory compliance, and developer as well as user-friendliness. By choosing VideoSDK, organizations can have peace of mind knowing that their video KYC processes meet the necessary security and compliance standards. It provides 10,000 free minutes each month, ensuring that your KYC processes are not only efficient but also budget-friendly.
Developer Friendly
VideoSDK has a developer-friendly interface and a comprehensive feature set designed to simplify your manual and VCIP KYC processes. Its API integration supports 20+ advanced programming languages used by prominent fintech & finance industries. With appropriate technology frameworks like JavaScript, React, React Native, Flutter, Android, and iOS, it streamlines smooth and secure operations for clients and their customers.
Regulatory Compliance with CERT-in
At first, VideoSDK ensures that you meet critical regulatory requirements, including RBI's CERT-In compliance. It provides features like Dedicated IP whitelisting, Firewall proxy support (beta), and Customer IP Masking and adheres to eKYC guidelines, giving you confidence in your compliance efforts.
VAPT and Security Audits
VideoSDK provides essential tests such as Vulnerability Assessment, Penetration Testing (VAPT), and a Security Audit to ensure its robustness and end-to-end encryption. It is compliant and provides security to all major Banks and NBFCs in today's digital age.
Data Localization
VideoSDK Infrastructure has better frameworks for data management systems, that should be maintaining reliable record-keeping processes aligned with the new PMLA Act in India. It offers the robust data security measures required for KYC and AML compliance. It’s end-to-end encryption protocols provide control over data but it can be less comprehensive.
If you're deeply implanted in the open-source infrastructure, migrating to VideoSDK might seem like a significant shift. Consider your organization's specific needs, and weigh the advantages of VideoSDK carefully. It offers cost-efficiency, regulatory compliance, and user-friendliness—attributes that can elevate to new heights.
Make the strategic move to VideoSDK to elevate your KYC infrastructure and enhance your business's capabilities. It's time to embrace the future of KYC with VideoSDK.
You can talk with our team if you have any questions regarding Video KYC infrastructure.
