OCR Studio launches One-Shot KYC, completing identity verification with a single selfie

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OCR Studio has launched One-Shot KYC, allowing users to complete document information extraction, registration form filling, and document-to-face matching by taking a single selfie while holding their identity document during account opening. The system processes everything locally on phones, tablets, or desktop devices, without requiring an internet connection or transmitting document images, selfies, or extracted personal data to external servers. The article cites a Cornerstone Advisors report stating that an average of 3.36 applications are abandoned for every online checking account successfully opened.