Saturday, April 13, 2024

BANKING

To counter financial frauds like the BoB World app scam, the finance ministry proposes reinforced KYC procedures and due diligence for merchant onboarding. Enhanced data security is urged for merchants and Business Correspondents (BCs) to mitigate cyber risks. RBI may advise reviewing BC concentration in fraud-prone areas

from Banking/Finance-Industry-Economic Times https://ift.tt/x0JWsoA
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