Thursday, November 21

Tag: KYC

Can AI Really Make Document Verification Effortless? Signzy’s Solution
Banking, Blog, Review

Can AI Really Make Document Verification Effortless? Signzy’s Solution

In today's digital age, businesses are constantly seeking ways to streamline their onboarding processes and enhance customer experience. Traditional methods involving manual document verification are often time-consuming, prone to errors, and vulnerable to fraud. Enter Signzy, a leading fintech company leveraging the power of AI to revolutionize digital onboarding. Signzy's AI-powered document verification process offers a robust and efficient solution, automating key steps and ensuring a secure and seamless experience for both businesses and customers. This article delves into the intricacies of Signzy's document verification process, highlighting its key features and benefits. Here's a breakdown of Signzy's AI-powered document verification process, highlighting its key features and bene...
RBI Bars Kotak Mahindra Bank From Onboarding New Customers Via Online, Mobile Banking
Banking, BFSI, Digital Lending, Goverment Notice/Circulars, NBFC, Regtech

RBI Bars Kotak Mahindra Bank From Onboarding New Customers Via Online, Mobile Banking

The Reserve Bank of India (RBI) has taken a decisive step by prohibiting Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels. Additionally, the bank is barred from issuing fresh credit cards. However, existing customers, including credit card holders, will continue to receive services from the bank. The regulatory action comes in response to significant concerns arising from the RBI’s IT examination of Kotak Mahindra Bank for the years 2022 and 2023. The central bank identified serious deficiencies and non-compliances in various critical areas: IT Inventory Management: The bank’s management of IT assets was found lacking. Patch and Change Management: Inadequate processes for managing software updates and changes. Us...