Decentro Unveils India's First Self-Hosted CKYC Solution to Comply with CERSAI's New Mandate.

Banking & Finance

In February 2025, Bengaluru (Karnataka)-based Decentro Tech Private Limited, a leading fintech infrastructure platform, launched India's first fully compliant, self-hosted Central Know Your Customer (CKYC) solution. This solution will enable financial institutions to transition smoothly to the new compliance framework set by the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI).


      - The new offering eliminates the need for third-party dependencies, allowing banks, Non-Banking Financial Companies (NBFCs), and insurers to onboard customers more quickly while maintaining regulatory compliance.

     

     

Main Point :-   (i) Key benefits of this innovation include 80% faster processing, 75% lower compliance costs, and zero vendor dependencies.

      (ii) CERSAI was established under Section 20 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI Act, 2002) and incorporated as a company under Section 25 of the Companies Act, 1956. The Government of India (GoI) holds a 51% stake in the company.


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