AI, deepfakes and money laundering
For decades, policymakers and bankers have battled the paradox of fostering financial inclusion without compromising financial integrity.
For decades, policymakers and bankers have battled the paradox of fostering financial inclusion without compromising financial integrity.
Congress leader Jairam Ramesh alleged this mass deletion coincides with the introduction of the e-KYC process, which is part of the government's efforts to introduce Aadhaar-based digital processes under the guise of transparency.
The Asansol Durgapur Police Commissionerate (ADPC) has unearthed a major digital crime racket and arrested eight members involved, including its kingpin, who is on the wanted list of several cyber crime police stations across the country.
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday informed that banks are organising camps at the Panchayat level from July 1 to September 30 for re-KYC of Jan Dhan Accounts.
Prime Minister Narendra Modi on Sunday said a nationwide KYC drive is underway, with camps being held in Gram Panchayats to ensure Jan Dhan account holders can easily complete the process.
In a move signalling a shift towards financial sector cohesion, India’s Financial Stability and Development Council (FSDC) has announced plans to standardise ‘know your customer’ (KYC) checks across the industry.
Reg-tech company TSS Consultancy on Monday said it has received an investment from VC firm WestBridge Capital at a valuation…
A RBI panel has suggested that in the long run, India will achieve higher level of trade linkages with other countries, as a result of which the rupee is likely to reach a level where it would be widely used, and proposed the currency’s inclusion in International Monetary Fund’s (IMF) Special Drawing Rights (SDR) basket.
A total of 169 entities, including 105 banks, are live on e-KYC.
Aadhaar usage and adoption continue to grow at a rapid pace with the number of authentication transactions surging to 219.71 crores in August, registering a growth of over 44 per cent when compared with the previous month, according to data released by the Ministry of Electronics & IT on Thursday.
