We’re thrilled to introduce Boharr Fintech’s KYC module, a full API Stack for quick and easy implementation by banks and their banking correspondents. With a 95% success rate, our solution empowers banks to meet the RBI’s latest compliance requirements, effectively preventing fraudsters from exploiting money transfer routes.
The RBI now mandates KYC details for remitters and beneficiaries, adding extra authentication layers for transactions. Banks must register remitters using verified phone numbers and self-certified ‘officially valid documents’ (OVDs) and comply with the I-T Act by including remitter details in transaction messages.
Ensure compliance and enhance efficiency with Boharr’s KYC module.