What is CKYC?

  • CKYC refers to Central KYC (Know Your Customer), an initiative of the Government of India.

  • The aim of the initiative is to act as a centralized repository of KYC records of investors in the financial sector with uniform KYC norms and inter-usability of the KYC records across the sector.

  • CKYC is managed by CERSAI (Central Registry of Securitization Asset Reconstruction and Security Interest of India).

What is CERSAI?

  • Central Registry of Securitization Asset Reconstruction and Security Interest (CERSAI) is a central online security interest registry of India authorized by the Government of India to act as and to perform the functions of the Central KYC Records Registry under the PMLA (Prevention of Money-Laundering) rules 2005, including receiving, storing, safeguarding and retrieving the KYC records in the digital form for a client. 

Current CKYC Challenges

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What we offer?
CERSAI - Compliant Solution
Application has been built as per CERSAI’s guidelines, following the file type & dimensions for customer Photo, POI, POA and format for flat file
Automation & Integration
Application has semi-automated segments that require minimal manual efforts, thus reducing the TAT. Capable of integrating Financial Institution’s database with CERSAI database to maintain customer information & digital copies of POI & POA documents
De-Duplication
Application is capable of automatically screening records in Financial Institution’s database as well as CERSAI’s portal to identify duplicate/already existing customer records.
Web-Based Solution
Web-based application that can be accessed anytime anywhere; thus bringing all stakeholders on a common platform and promoting real-time monitoring
Scalable & Affordable Model
Application is a scalable model that can suit the growing needs of diverse financial entities. It is a cost effective solution that brings all parts of the CKYC process on a single platform
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