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She Could Not Blink For Bank KYC. How It Led To Landmark Top Court Verdict
The Supreme Court's landmark judgment, stressing that digital access is intrinsic to the right to life, follows a long legal battle led by an acid attack survivor whose inability to blink had become an obstacle in opening a bank account in her name.
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In Landmark Order, Supreme Court Says Digital Access A Fundamental Right
In Landmark Order, Supreme Court Says Digital Access A Fundamental Right
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Notice To Centre, RBI For Alternate Digital KYC Method For Acid Attack Survivors
The Supreme Court today sought a response from the Centre, the Reserve Bank of India and others on a plea seeking an alternate digital KYC (Know Your Customer) process for acid attack survivors and individuals with permanent eye damage.
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Aadhaar Holders Carried Out 2.31 Billion Authentication Transactions in March
Aadhaar holders have carried out nearly 2.31 billion authentication transactions in the month of March 2023, indicative of the growing usage of Aadhaar and the growth of the digital economy in the country. A majority of the authentication transactions were carried out by using biometric fingerprints during the month, followed by others.
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NCB Said to Have Busted Narcotics Gang Involved in DarkNet, Cryptocurrency
The Narcotics Control Bureau (NCB) has busted an international criminal gang that dealt in drugs using DarkNet and cryptocurrency with linkages in several countries as well as multiple states in India, sources said. The modus operandi of the drug traffickers included the use of the Darknet, cryptocurrency, digital media, UPIs, and fake KYC document...
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Crypto Exchanges, Virtual Digital Asset Intermediaries Must Perform KYC of Clients: Finance Ministry
Crypto exchanges and firms dealing with virtual digital assets must perform KYC of their clients and users on the platform, under new rules notified by the Finance Ministry earlier this week. Entities dealing in virtual digital assets are now considered 'reporting entities' under the Prevention of money laundering Act (PMLA).
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Pakistan Banks Turn to Blockchain Technology to Update Customers' KYC Details Amid Economic Turmoil
Banks in Pakistan have decided to develop a know-your-customer (KYC) platform using blockchain technology in order to strengthen the country’s efforts to curb money-laundering. With a blockchain-based KYC platform, financial institutions will be able to minimise onboarding costs for bank users.
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Amazon Pay India Faces Penalty of Over Rs. 3.06 Crore by RBI for Non-Compliance
The Reserve Bank of India on Friday said it has imposed a penalty of over Rs. 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction. "It was observed that the entity was non-compliant with the directions issued by RBI on KYC re...
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SBI Launches Video KYC Based Savings Account Opening For Customers
The new digital function is powered by artificial intelligence or AI as well as facial recognition technology, and the whole process is paperless and contactless, said SBI.
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Opinion: Video KYC - A Futuristic Tool For Digital Transformation
The system of customer and process transformations has always been interdependent.
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As Pandemic Pushes Digital Payments, Online Frauds Become More Common in India
Digital payment frauds and online financial attacks in India are getting bigger these days. People are complaining about fake Paytm KYC messages and calls. However, the lack of awareness and the absence of concrete data and IT policies are making it easier for fraudsters to steal people’s hard-earned money.
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Delhi Police Gives Tips on How to Avoid KYC Fraud on Payment Apps Like Google Pay, Paytm
Delhi Police has posted a few guidelines on Twitter, informing people on how to safely use digital payment apps in India.
-
Xiaomi Mi Credit Personal Loan Service Re-Launched in India With Promise of Real-Time Approval, Paperless KYC
Xiaomi has relaunched the Mi Credit personal loan service in India with a promise of real-time approval and paperless KYC.
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This Aadhaar Card Does Not Reveal Your Full Identity Number. Details Here
The UIDAI issues the Aadhaar number as well as the Aadhaar card, which is the personal identification card based on the Aadhaar system. The masked Aadhaar option can be used while downloading a digital copy of Aadhaar card, the UIDAI added.
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Hike Messenger, Airtel Payments Bank Collaborate on Digital Wallet
Hike Messenger users will have access to Airtel Payments Bank's merchant and utility payment services and KYC infrastructure.
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She Could Not Blink For Bank KYC. How It Led To Landmark Top Court Verdict
The Supreme Court's landmark judgment, stressing that digital access is intrinsic to the right to life, follows a long legal battle led by an acid attack survivor whose inability to blink had become an obstacle in opening a bank account in her name.
-
In Landmark Order, Supreme Court Says Digital Access A Fundamental Right
In Landmark Order, Supreme Court Says Digital Access A Fundamental Right
-
Notice To Centre, RBI For Alternate Digital KYC Method For Acid Attack Survivors
The Supreme Court today sought a response from the Centre, the Reserve Bank of India and others on a plea seeking an alternate digital KYC (Know Your Customer) process for acid attack survivors and individuals with permanent eye damage.
-
Aadhaar Holders Carried Out 2.31 Billion Authentication Transactions in March
Aadhaar holders have carried out nearly 2.31 billion authentication transactions in the month of March 2023, indicative of the growing usage of Aadhaar and the growth of the digital economy in the country. A majority of the authentication transactions were carried out by using biometric fingerprints during the month, followed by others.
-
NCB Said to Have Busted Narcotics Gang Involved in DarkNet, Cryptocurrency
The Narcotics Control Bureau (NCB) has busted an international criminal gang that dealt in drugs using DarkNet and cryptocurrency with linkages in several countries as well as multiple states in India, sources said. The modus operandi of the drug traffickers included the use of the Darknet, cryptocurrency, digital media, UPIs, and fake KYC document...
-
Crypto Exchanges, Virtual Digital Asset Intermediaries Must Perform KYC of Clients: Finance Ministry
Crypto exchanges and firms dealing with virtual digital assets must perform KYC of their clients and users on the platform, under new rules notified by the Finance Ministry earlier this week. Entities dealing in virtual digital assets are now considered 'reporting entities' under the Prevention of money laundering Act (PMLA).
-
Pakistan Banks Turn to Blockchain Technology to Update Customers' KYC Details Amid Economic Turmoil
Banks in Pakistan have decided to develop a know-your-customer (KYC) platform using blockchain technology in order to strengthen the country’s efforts to curb money-laundering. With a blockchain-based KYC platform, financial institutions will be able to minimise onboarding costs for bank users.
-
Amazon Pay India Faces Penalty of Over Rs. 3.06 Crore by RBI for Non-Compliance
The Reserve Bank of India on Friday said it has imposed a penalty of over Rs. 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction. "It was observed that the entity was non-compliant with the directions issued by RBI on KYC re...
-
SBI Launches Video KYC Based Savings Account Opening For Customers
The new digital function is powered by artificial intelligence or AI as well as facial recognition technology, and the whole process is paperless and contactless, said SBI.
-
Opinion: Video KYC - A Futuristic Tool For Digital Transformation
The system of customer and process transformations has always been interdependent.
-
As Pandemic Pushes Digital Payments, Online Frauds Become More Common in India
Digital payment frauds and online financial attacks in India are getting bigger these days. People are complaining about fake Paytm KYC messages and calls. However, the lack of awareness and the absence of concrete data and IT policies are making it easier for fraudsters to steal people’s hard-earned money.
-
Delhi Police Gives Tips on How to Avoid KYC Fraud on Payment Apps Like Google Pay, Paytm
Delhi Police has posted a few guidelines on Twitter, informing people on how to safely use digital payment apps in India.
-
Xiaomi Mi Credit Personal Loan Service Re-Launched in India With Promise of Real-Time Approval, Paperless KYC
Xiaomi has relaunched the Mi Credit personal loan service in India with a promise of real-time approval and paperless KYC.
-
This Aadhaar Card Does Not Reveal Your Full Identity Number. Details Here
The UIDAI issues the Aadhaar number as well as the Aadhaar card, which is the personal identification card based on the Aadhaar system. The masked Aadhaar option can be used while downloading a digital copy of Aadhaar card, the UIDAI added.
-
Hike Messenger, Airtel Payments Bank Collaborate on Digital Wallet
Hike Messenger users will have access to Airtel Payments Bank's merchant and utility payment services and KYC infrastructure.
