Relief for finance firms as RBI allows video KYC

“…with a view to leverage the digital channels for Customer Identification Process (CIP) by Regulated Entities (REs), the RBI has decided to permit Video-based Customer Identification Process (VCIP) as a consent-based alternate method of establishing the customer’s identity, for customer onboarding,” read the RBI notification.

from Banking/Finance-Industry-Economic Times https://ift.tt/35GG6jg