Investors dump shares of Indian fintech giant Paytm after RBI’s strictures on its payments bank LeapRate

February 06, 2024 BY PureContent

Investors dump shares of Indian fintech giant Paytm after RBI's strictures on its payments bank

The PAYTM stock crashed on 5 February to ₹438.35, limit down by 10%, following a staggering 36% fall in the preceding two sessions. The RBI, India's Central Bank, issued the directive on 31 January after its inspections at PPBL revealed the bank had failed to comply with some regulations. Non-compliance included Know Your Customer (KYC)…

May 03, 2018 BY Valentina Kirilova

Shyft publishes whitepaper outlining KYC/AML network for global economy

Shyft, a company redefining the KYC/AML infrastructure for the global economy, has just published its whitepaper outlining the blockchain framework for the standardization of regulatory, compliance and due diligence mandates for Know Your Customer (KYC) and Anti-Money Laundering (AML). According to surveys from Thomson Reuters’ KYC business unit, firms with greater than $10 billion USD…

July 13, 2016 BY Valentina Kirilova

Thomson Reuters Launches KYC Solution for Africa together with Barclays Africa, Rand Merchant Bank and Standard Bank of South Africa

Thomson Reuters has announced the launch of its Org ID managed service solution for Know Your Customer (KYC) due diligence in South Africa, together with design partner banks Barclays Africa, Rand Merchant Bank (a division of FirstRand Bank) and Standard Bank of South Africa, who have all committed to use the Org ID service to…

Tag: Know Your Customer (KYC)