Government plans to simplify KYC process across financial sector.

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✬ At present, KYC verification processes vary across most Banks and Financial institutions. ✬ The Government plans to simplify and digitize the process completely.

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Why Digital KYC?

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The FSDC also discussed steps to prevent the harmful effects of illegal lending apps, which charge high interest rates and practice predatory recovery tactics.

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Government plans to simplify KYC process across financial sector.

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✬ At present, KYC verification processes vary across most Banks and Financial institutions. ✬ The Government plans to simplify and digitize the process completely.

✬ At present, KYC verification processes vary across most Banks and Financial institutions. ✬ The Government plans to simplify and digitize the process completely.

Why Digital KYC?

A uniform customer verification process will be implemented across the financial sector to prevent online loan fraud.

A uniform customer verification process will be implemented across the financial sector to prevent online loan fraud.

The FSDC also discussed steps to prevent the harmful effects of illegal lending apps, which charge high interest rates and practice predatory recovery tactics.

The FSDC also discussed steps to prevent the harmful effects of illegal lending apps, which charge high interest rates and practice predatory recovery tactics.

Discover More Exciting Updates!