know your customer - World News

Sebi, FinMin push centralised KYC rollout; AI tools tackle 70,000 fraud cases: Pandey – Times of India

getworldnews8 hours ago04 mins

Markets regulator Sebi is actively working with the Ministry of Finance and other financial regulators to set up a centralised Know Your Customer (KYC) system, Sebi Chairman Tuhin Kanta Pandey has said. The central KYC is an online database designed to streamline compliance by maintaining KYC records of customers in one place for use across…

Soon, banks to add additional KYC verification layers; check details – Times of India

getworldnews1 year ago03 mins

New KYC updation process soon? Banks are working on strengthening their KYC (Know Your Customer) standards by adding extra verification layers to identify accounts and account holders. This initiative is being discussed with the Reserve Bank of India (RBI) and the government. The plan includes updating all existing accounts, especially those with a single phone…