Tag - Fintech

Now KYC on Video! RBI launches new feature for bank customers

Now KYC on Video! RBI launches new feature for bank customers

RBI has introduced Aadhaar-based Video Customer Identification Process (V-CIP) to allow banks and other lenders to remotely complete KYC of customers on video. Lenders can use this facility as an alternative to the already available e-KYC facility. The central bank has amended its guidelines under...

Number of debit cards in India down by 15%

The number of debit cards in India is down by 15% from 998 million cards , as on Nov 3, 2018 to 843 million, as of October 2019. Reason? As per bankers, nearly 155 million cards went out of the market because of the EMV migration from magnetic-strip to chip-based cards, weeded out dormant accounts...

nandan-nilekani-sahamati

Account Aggregator Body ‘Sahamati’ Announced

Sahamati, a collective of the ‘Account Aggregator’ ecosystem was announced today at an event in Mumbai featuring Nandan Nilekani, Arundhati Bhattacharya and head honchos of leading Indian banks such as ICICI, Axis and IDFC. The ‘Account Aggregator’ is a new class of NBFC...