RBI may introduce live video KYC for customer verification

Posted on:11 Dec 2018 11:22:41
RBI may introduce live video KYC for customer verification
11 December 2018 Current Affairs: The Reserve Bank of India may reportedly introduce new modes of customer e-verification, including live video, in financial institutions.
This comes after Supreme Court struck down Section 57 of Aadhaar Act in September, thereby nullifying biometric e-KYC.
RBI may introduce a digital method that would use XML internet format to extract limited information on customers from the Aadhaar database.
The Reserve Bank of India may reportedly introduce new modes of customer e-verification, including live video, in financial institutions.
This comes after Supreme Court struck down Section 57 of Aadhaar Act in September, thereby nullifying biometric e-KYC.
RBI may introduce a digital method that would use XML internet format to extract limited information on customers from the Aadhaar database.

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