Tagged: video kyc

PwC and Federation of Indian Chambers of Commerce & Industry Recommend that Banks, Fintechs Should Perform Video KYC Checks during COVID-19

June 26, 2020 @ 1:09 am By Omar Faridi |

A new report recommends that the Indian government should bring back subsidies for digital payments for transactions valued at less than INR 2,000 (appr. $26.50) and also implement Aadhaar-based electronic KYC checks for Fintechs, non-bank financial companies (NBFCs) and mutual funds. The report has been… Read More

Read more in: Fintech, Asia, Politics, Legal & Regulation | Tagged aadhaar, coronavirus, covid-19, digital banking, digital payments, digital transformation, fintech report, india, nbfcs, non bank financial institutions, online payments, pricewaterhousecoopers, pwc, rbi, reserve bank of india, sebi, video kyc

Reserve Bank of India to Allow Local Banks and Fintech Firms to Use Video Calls to Complete Know Your Customer Checks

January 11, 2020 @ 12:04 pm By Omar Faridi |

Indian banking institutions and Fintech firms have reportedly been given the green light to use video calls, in order to carry out know-your-customer (KYC) compliance checks, after a recent ruling by the nation’s central bank. The updated rules and guidelines will allow regulated entities to… Read More

Read more in: Asia, Fintech, Global, Politics, Legal & Regulation | Tagged central bank, india, know your customer, kyc, nirmal jain, rbi, reserve bank of india, video kyc