An overview of CKYC OTP and MNRL Compliance for Reporting Entities
Digital customer onboarding is growing rapidly across India’s financial ecosystem. With more people opting for digital channels to open bank accounts, invest in insurance, or access credit, the convenience is unmatched. However, this increase in digital onboarding has also brought a significant increase in fraud risks. Regulators and industry bodies are constantly updating rules to keep these processes secure and trustworthy.