All posts tagged "Aadhaar"
-
300IndiaRBI 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 -
1.3KContributed 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 -
450AML / KYC
RBI Allows Regulated Entities to Use Video-based KYC
Financial services firms can record video and capture photos of customers presenting their identity document for verification. Electronically-submitted and digitally-signed documents can also be accepted.
January 10, 2020 -
454Fintech / RegtechIndia’s NPCI Unveils DLT Based Platform to Further Streamline Payments
The Vajra Platform will enhance data security and transparency, facilitate real-time transactions and reduce reconciliation challenges and processing errors, the NPCI said.
January 7, 2020 -
362AML / KYC
India Shows How Policy Can Solve Financial Inclusion: BIS Paper
The paper highlights India's Aadhaar programme, which promotes financial inclusion, offers more robust AML/CFT checks, and has led to the creation of several innovative and interoperable digital platforms.
December 19, 2019 -
309AML / KYCSEBI Allows Intermediaries, Funds to Use Aadhaar for e-KYC
Intermediaries and mutual fund distributors are not allowed to store investors’ Aadhaar numbers “under any circumstances”.
November 8, 2019 -
531AML / KYC
RBI Grants Another Extension for e-Wallet KYC Compliance
This is the fourth time the deadline has been extended. Wallet companies were first asked to complete KYC processes for each customer by December 2017.
September 3, 2019 -
597AML / KYCIndia Withdraws FPI Tax Surcharge Amid Foreign Pressure
The surcharge, introduced last month, increased capital gains tax on foreign trusts investing in India to over 40%, prompting the stock market’s worst July in 17 years.
August 26, 2019 -
920FeatureIndia Enables Consent-Based Financial Data Sharing
Four years of collaboration between India's major financial regulators has resulted in a new platform that enables financial services providers to share data with other institutions based explicitly on user consent.
July 26, 2019 -
594AML / KYCSET Unveils Gateway to Access National Digital ID Platform
The new gateway will reduce the setup costs required to access the NDID and enable financial firms to enable full digitisation of customer onboarding more quickly.
July 22, 2019
