Reusable KYC is not a silver bullet for all verification challenges; however, it gives us a glimpse into a future where ...

KYC fraud is a rising cyber threat targeting banking customers through fake links and apps. This guide explains common ...

Reserve Bank of India has updated KYC norms. Banking correspondent (BC) can now update KYC. This includes NGOs, SHGs, MFIs ...

In another customer-friendly move, banks have been allowed to use Business Correspondents (BCs) for periodic KYC updates. BCs ...

KYC verifications burden regular users with documents and selfies, yet offer little resistance to cybercriminals.

The RBI said it has noted a significant backlog in periodic KYC updates, including in accounts opened for receiving Direct Benefit Transfers or Electronic Benefit Transfers for various government ...

This Thursday, the Reserve Bank of India (RBI) introduced a series of amendments to its Know Your Customer (KYC) norms. This ...

The Reserve Bank of India (RBI) has issued fresh guidelines aimed at easing the process of know-your-customer (KYC) updates, ...

As per the changes, regulated entities (REs) must allow all transactions for low-risk individual customers, even if their KYC ...