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Tag: RegTech (page 1 of 1)

RBI to use supervision tech to keep pace with entities

The RBI will start using supervisory technology and RegTech — a fintech subset that uses tech to scale up supervision — to match the pace with entities it regulates. The central bank will soon come out with broad guidelines for the use and adoption of new tools. Bodies regulated by the RBI use new tech tools like AI, ML, big data analysis for KYC and asset-liability management purposes, regulatory reporting and management information system, etc.

Mastercard-Signzy’s worldwide launch of video KYC

Mastercard partnered with Signzy, a RegTech startup, to enable the latter’s video-based KYC (Know Your Customer) solutions for its banking customers. This will allow Mastercard to provide a completely paperless, remote and secure onboarding solution for end-users. In India, this launch will further Mastercard’s goal of driving inclusive growth via financial inclusion by enabling individuals and small businesses to go online.

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