HDB Financial Services Becomes the First Non-Banking Financial Company to Launch National Payments Corporation of India’s e-KYC Setu System.

Banking & Finance

HDB Financial Services (HDBFS) has achieved a significant milestone by becoming the first non-banking financial company (NBFC) to launch the National Payments Corporation of India’s (NPCI) e-KYC Setu system. This new initiative is designed to streamline the Know Your Customer (KYC) process by providing a secure and efficient platform for digital identity verification. The e-KYC Setu system aims to enhance customer experience by simplifying the documentation process and reducing processing times. HDBFS’s adoption of this technology marks a major advancement in the financial sector’s digital transformation.


      HDBFS's adoption of e-KYC Setu system sets a benchmark for other NBFCs in digital verification efficiency.

      The new system aims to enhance compliance and reduce operational costs through streamlined customer verification processes.

     

 

     


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