{"id":7338,"date":"2020-01-11T07:07:54","date_gmt":"2020-01-11T07:07:54","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=7338"},"modified":"2020-01-13T18:04:07","modified_gmt":"2020-01-13T18:04:07","slug":"rbi-launches-video-based-identification-process-for-kyc","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/rbi-launches-video-based-identification-process-for-kyc\/","title":{"rendered":"RBI launches video-based identification process for KYC"},"content":{"rendered":"\n<p>The Reserve Bank of India has launched Aadhaar-based Video\nCustomer Identification Process (V-CIP) to allow banks and other lenders to\nremotely complete KYC of customers on videos. The central bank has allowed\nvideo-based KYC (Know Your Customer) as an option to establish a customer&#8217;s\nidentity. The V-CIP, which will be consent-based, will make it easier for banks\nand other regulated entities to adhere to the RBI&#8217;s KYC norms by leveraging the\ndigital technology.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.gkseries.com\/blog\/current-affairs-quiz-2019-daily-gk\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Daily Current\nAffairs Quiz 2020<\/strong><\/a><\/p>\n\n\n\n<p>The V-CIP can be used to capture live photo of the customer\nand officially valid document or the proof of possession of Aadhaar, where\noffline verification cannot be carried out, along with the latitude and\nlongitude of the location where such live photo is being taken by an authorised\nofficer of the Reporting Entity (RE) as per the provisions contained in the\nAct.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India has launched Aadhaar-based Video Customer Identification Process (V-CIP) to allow banks and other lenders to remotely complete KYC of customers on videos. The central bank has allowed video-based KYC (Know Your Customer) as an option to establish a customer&#8217;s identity. The V-CIP, which will be consent-based, will make it easier [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":7339,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[871,8],"tags":[64],"offerexpiration":[],"class_list":["post-7338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-january-2020","category-current-affairs","tag-reserve-bank-of-india-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/7338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=7338"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/7338\/revisions"}],"predecessor-version":[{"id":7340,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/7338\/revisions\/7340"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/7339"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=7338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=7338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=7338"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=7338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}