The Financial Stability and Development Council (FSDC) has proposed a uniform KYC system to simplify the process of submitting KYC details. The system aims to make KYC records easily shareable and promote digitalisation while addressing privacy and security concerns. Finance Minister Nirmala Sitharaman plans to adopt a risk-based approach for KYC.
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZWXhuTA
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZWXhuTA
Tags:
Business News: Latest News on Business
Financial News
India Business & World Business News
Stock Markets