Capital markets regulator Securities and Exchange Board of India (SEBI) has simplified the KYC process and rationalised the risk management framework at KYC registration agencies (KRAs) to ease the ...

Another way to improve the security of onboarding is to leverage biometrics, which serve to verify a user’s digital identity ...

Banks and financial institutions must conduct ‘Know Your Customer’ or KYC checks for verifying the identity of customers, partners, and vendors prior to establishing a business relationship with them.

ChainUp Group, a Singapore-based blockchain technology solutions provider, announces its partnership with London-based Sumsub to offer its clients KYC services that comply with AML regulations.

KYC (Know Your Customer) is becoming increasingly important in banking compliance. In 2016, Forbes reported that banks spent over $100 billion on regulatory compliance, and predicted that the ...

NEW YORK, July 25, 2023 /PRNewswire/ -- WorkFusion, a leading provider of AI digital workforce solutions for banking and financial services, today announced that Bank of Asia, a cross-border ...

This is a revision to the earlier circular issued by the regulator on April 6, 2022, which said that clients can only open an account after the KRA has validated their documents. The market regulator ...

The Pension Fund Regulatory and Development Authority (PFRDA) recently issued detailed guidelines for onboarding new ...

The know your customer (KYC) norms are set for an overhaul, signalling a move towards a central KYC or CKYC system that actually works. In the Union Budget 2025 announced by Union finance minister ...

When a financial institution creates a new business partnership with individuals or organizations without fully knowing their past and present business dealings, it can expose them to hefty lawsuits, ...