A central KYC registry with standard norms and interoperability across all financial sectors has been established to operate as a repository for KYC records. It will allow banks, mutual funds, brokerage firms, and other depository participants to provide services without requiring additional KYC undertakings from customers. But will this add to the inconveniences and complicate procedures, or will it make things easier for everyone? In this article, we will share the pros and cons of…
