All posts tagged "Aadhaar"
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262AML / KYCRBI Invites NBFCs to Apply for Aadhaar Authentication Licences
With a KUA or sub-KUA licence, NBFCs will be able to authenticate client Aadhaar numbers using the e-KYC facility provided by UIDAI.
September 17, 2021 -
246Fintech / Regtech
RBI Account Aggregator Framework Brings Open Banking to India
Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.
September 13, 2021 -
447AML / KYCSEBI Proposes New Process for KYC in Securities Market
Under the proposal, KYC Registration Agencies, stock exchanges and depositories would be responsible for client KYC processes.
January 17, 2021 -
1.4KAML / KYCUIDAI, NPCI Testing Face Authentication with Banks
NPCI has commenced phase one tests of using facial authentication in non-financial transactions with ICICI Bank, Yes Bank, RBL Bank and Fino Payments Bank.
October 8, 2020 -
640IndiaRBI Allows Formation of New Umbrella Entities for Retail Payments
The framework allows private firms to apply to set up a new umbrella entity to operate retail payment systems. Currently, only the NPCI operates such an entity.
August 19, 2020 -
1.2KAML / KYC
SEBI Names Entities That Can Authenticate Aadhaar for e-KYC
Intermediaries and mutual fund distributors that want to use Aadhaar authentication services for e-KYC are required to enter into an agreement with one of the eight entities named.
May 14, 2020 -
1.3KAML / KYC
SEBI Endorses Technology Use to Facilitate Online KYC
The investor KYC process can be completed through websites or apps, which should include video-based ID verification, liveness checks, and electronic signatures and documents.
April 27, 2020 -
13.8KAML / KYCThe Four e-KYC Models Around the World
Claus Christensen at Know Your Customer Ltd identifies four e-KYC models in use across the world, but says that harmonisation and consolidation of these schemes is likely.
April 5, 2020 -
548India
RBI Proposes Authorisation of New Retail Payment Systems
The draft framework is said to be aimed at addressing concerns that the NPCI has become ‘too big to fail’ and presents increased concentration risk.
February 13, 2020 -
2.2KContributed ArticleDigital Identities: A Game Changer for Singapore Banking
Industry veteran Jamie Lloyd Evans discusses the introduction of digital identities in Singapore, and what it could mean for banking.
January 21, 2020
