Exploring the RBI's tightening of KYC regulations, the shift from EKYC to stricter guidelines, and the challenges faced by digital entities. Highlighting the categorization of partial KYCs as high risk, cost differences among KYC methods, and implications for fintech firms, along with proposed solutions for streamlining KYC processes.
Last week the Finance Minister sat down at a meeting to discuss how KYC could be simplified for businesses. So in today’s episode for 26th February 2024, we tell you why it matters.
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