{"id":5591,"date":"2020-01-21T10:50:15","date_gmt":"2020-01-21T10:50:15","guid":{"rendered":"https:\/\/fintech.global\/globalpaytechsummit\/?p=5591"},"modified":"2020-01-21T10:50:15","modified_gmt":"2020-01-21T10:50:15","slug":"indian-central-bank-gives-thumbs-up-for-video-based-customer-identity-verification","status":"publish","type":"post","link":"https:\/\/fintech.global\/globalpaytechsummit\/indian-central-bank-gives-thumbs-up-for-video-based-customer-identity-verification\/","title":{"rendered":"Indian central bank gives thumbs up for video-based customer identity verification"},"content":{"rendered":"<p><em>From:\u00a0<\/em><a href=\"http:\/\/member.regtechanalyst.com\/indian-central-bank-gives-thumbs-up-for-video-based-customer-identity-verification\/\">RegTech Analyst<\/a><\/p>\n<p><strong>Financial firms in India can now use video-based methods to verify the identity the identities of their customers.<\/strong><\/p>\n<p>The Reserve Bank of India (RBI) has given the financial sector the thumbs up to use video-based know your customer (KYC) methods to onboard customers far away,\u00a0<a href=\"https:\/\/www.dqindia.com\/rbi-allows-video-kyc-customers-authenticated-onboarded-technology\/\">DataQuest reported<\/a>.<\/p>\n<p>RBI stated that the they have to follow the approved Video Customer Identification Process (VCIP), which is expected to simplify the authentication process for financial firms.<\/p>\n<p>While customers can use verify their identities through video calls, they have to call from within the country.<\/p>\n<p>Moreover, only calls from within the bank\u2019s or financial institution\u2019s domain will be accepted, meaning WhatsApp calls or Google Duo will not be acceptable.<\/p>\n<p>This is not the first change made by Indian regulators.\u00a0<a href=\"http:\/\/member.fintech.global\/2020\/01\/09\/new-e-kyc-guidelines-published-by-indian-regulator-to-help-illiterate-people-open-bank-accounts\/\">In early January<\/a>, the Bangladesh Financial Intelligence Unit issued new guidelines for opening accounts without having to fill in any paper-based documents. This change would enable illiterate individuals can open accounts without having to fill in their signature.<\/p>\n<p>Copyright \u00a9 2020 FinTech Global<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From:\u00a0RegTech Analyst Financial firms in India can now use video-based methods to verify the identity the identities of their customers. The Reserve Bank of India (RBI) has given the financial sector the thumbs up to use video-based know your customer (KYC) methods to onboard customers far away,\u00a0DataQuest reported. RBI stated that the they have to&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/fintech.global\/globalpaytechsummit\/indian-central-bank-gives-thumbs-up-for-video-based-customer-identity-verification\/\" class=\"gdlr-info-font excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":10,"featured_media":5592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/posts\/5591"}],"collection":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/comments?post=5591"}],"version-history":[{"count":0,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/posts\/5591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/media\/5592"}],"wp:attachment":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/media?parent=5591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/categories?post=5591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/tags?post=5591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}