<p>Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) and NSE’s subsidiary DotEx have launched an online Central Know Your Customers (CKYC) registry.<br /><br /></p>.<p>The move is likely to result in huge cost savings for all the financial institutions and customers. Investors and other individuals will benefit from CKYC record registry as it ensures a uniform KYC process and inter-usability of the KYC records across the entire financial sector.<br /><br />CERSAI, a government undertaking, was entrusted with the task of maintaining CKYC Registry, while DotEx International is the managed-service provider for CKYC handling operations. With the centralised repository now functional, the financial institutions can verify and access records of their customers whose KYC data has been uploaded. </p>
<p>Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) and NSE’s subsidiary DotEx have launched an online Central Know Your Customers (CKYC) registry.<br /><br /></p>.<p>The move is likely to result in huge cost savings for all the financial institutions and customers. Investors and other individuals will benefit from CKYC record registry as it ensures a uniform KYC process and inter-usability of the KYC records across the entire financial sector.<br /><br />CERSAI, a government undertaking, was entrusted with the task of maintaining CKYC Registry, while DotEx International is the managed-service provider for CKYC handling operations. With the centralised repository now functional, the financial institutions can verify and access records of their customers whose KYC data has been uploaded. </p>
