E-KYC (Electronic Know Your Customer) and C-KYC (Centralized Know Your Customer) are two processes used by financial institutions to verify the identity of their customers and comply with regulatory requirements. While both processes aim to establish the identity and legitimacy of customers, there are some differences between E-KYC and C-KYC:
The benefits of E-KYC and C-KYC include streamlined customer on boarding, reduced paperwork, faster processing times, and enhanced customer convenience. These processes help financial institutions comply with anti-money laundering (AML) and know your customer (KYC) regulations, which are designed to prevent fraud, money laundering, and identity theft.
Client module giving your customers full control over their transactions and account information online and Administration module providing your staff with flexible and powerful account administration tools.
is a comprehensive Internet-based solution that addresses the core banking, treasury, wealth management, consumer and corporate e-banking, mobile banking and web based cash management requirements of universal, retail, corporate, community and private banks worldwide.
International banking marketplace has been experiencing drastic changes. However, never before have there been so many demands on banks to satisfy their customers, manage their internal risks, work cost effectively and protect their competitive position.
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