KYC utilities provide access to a unique and validated source of data, but liability for satisfying KYC and AML obligations ultimately remains with Nordic banks.

KYC utilities will expedite onboarding and other processes, helping to improve user experience and operational efficiency, but the legal nuance to KYC means that technology may not be a panacea.

Some mutual fund companies have tied up with India Post to complete the KYC of their customers. This also includes Nippon India, one of the largest mutual funds in the country.

Few asset management companies offer this facility, and RTA websites don't support online investing for minors. As a result, parents often end up taking the offline route, which can be cumbersome and ...

Utilities underpinned by a repository of standardized data can address this efficiency challenge by streamlining and expediating the entire KYC compliance process.

Under this agreement, DoP will provide KYC verification and document collection services through its extensive network of over 1.64 lakh post offices, ensuring efficient compliance for mutual fund ...