Financial Literacy News: SEBI has made it compulsory for investors to complete Know Your Client (KYC) formalities before investing in mutual fund schemes. It is important to n
The development comes on the heels of the RBI initiating regulatory actions against Paytm Payments Bank. According to industry sources, RBI directions to Visa and Mastercard have been issued due to concerns over non-compliance with KYC norms. RBI Asks Visa, Mastercard To Stop Card-Based Commercial Payments Due to Concerns Over KYC Compliance.
Rohit Taneja - A scalable KYC is necessary for a nation like India, where there are large populations from multiple demographics and varying levels of access to financial institutions, , FinTech, KYC Compliance, FinTech Startups, Reserve Bank of India (RBI)