Allocations’ Post

Have you ever wondered how banks conduct lakhs of transactions everyday in an error-free manner? How come a transfer intended for X does not erroneously end up in Y's account? Banks use the concept of maker-checker. A maker checks the transaction details initially and a checker verifies them. If either finds an error, the transaction does not go through. At Fincode, our team uses the same maker-checker concept in almost every activity. Activities such as existing portfolio review, KYC, new client on-boarding, research on investment products, transaction execution and many others have a strong maker-checker process. Certain critical activities have a maker, checker, rechecker process. Result: error-free processes lead to error-free outcomes, every time.

Staying compliant is critical. 🛡️ Mural's built-in transaction monitoring and KYC/KYB integration put compliance on auto-pilot, allowing you to focus on growth and innovation. Discover how Mural can transform your payment operations while safeguarding your transactions.

What a week for #xPortal! 🔥 From transaction tweaks to KYC enhancements, we've been busy improving every corner of your experience. Curious about the changes? Follow along! 🧵 https://lnkd.in/dHZwVtks

Tired of submitting the same KYC documents everywhere? Good news! There's a proposal for a uniform KYC system in the works. This means potentially less paperwork and a smoother experience for both you and financial institutions. What exactly is a uniform KYC and how will it benefit you? Read the full article at Business Standard to find out: https://lnkd.in/eaTWASX5 #MakingFinTechMobile #KYC #FinTech #Finance #FinancialTechnology

Investors must follow KYC procedures when investing in mutual funds. These rules help confirm your identity and ensure proper handling of all processes. Following KYC rules makes it easier for you to invest or withdraw money from mutual funds. It is like showing your ID to ensure everything is safe and legal. Here are instructions on how to check the KYC status of mutual funds: https://lnkd.in/gTni9Ti6 #KYC #mutualfunds #investments

Have you ever come across the term KYC while opening a bank account or applying for a demat account? KYC stands for “K - New Post: “Demystifying KYC: Vital for Demat, Trading, and Banking” https://buff.ly/3Vhjh1v #financialknowledge #bankingregulations #demataccount #financialliteracy #investingmadeeasy #kycsimplified #protectyourfinances #sebiregulations #tradingaccount

#GiftSeries-11 To enable KRAs (Know Your Customer Registration Agency) establish operations in IFSCs and centralize the KYC records of clients/customers onboarded by various types of regulated entities, consultation paper has been released on 6th Dec 2024. #fintech #Giftcity #Statup

KYC States in Focus! 🎯 Explore in layers https://lnkd.in/gF5RjjA5 Drop a review 💭 #productdesign #cardcomponents

Banks, Financial Institutions, Insurance companies etc. collect KYC documents from their customers. Billions and billions of customers' data is getting stored but are never / seldom leveraged for making data driven decisions. Even today, big business houses are being run on mere GUT feelings rather than on INFORMED decisions. Collecting KYC documents is totally different from KNOWING YOUR CUSTOMERS (KYC).

🚀Are you tired of the never-ending KYC process every time you sign up for a new fintech or banking service? We hear you! Whether it's buying shares, mutual funds, or insurance, the constant need to update details can be exhausting for both customers and financial institutions alike. But fear not! The Financial Stability and Development Council (FSDC) has proposed a solution to streamline the KYC process. Say hello to the era of uniform KYC and one-time KYC! Under this new proposal, customers will only need to provide their KYC documents once. In return, they will receive a 14-digit KYC code. This code will be unique to each customer, granting access to all verified customer details across various financial services. Gone are the days of redundant paperwork and endless form-filling. With the implementation of this system, accessing financial services will be more convenient and hassle-free. 💡#SaturnConsultingGroup #Taxation #NRIs #Finance #Technology #KYC #Fintech #Innovation #FinancialServices