There have been some meetings of the RBI with the stakeholders in the fintech industry, and it has pressed on the seriousness of KYC adherence in digital lending.
As important as digital identity is now, it is under a lot of threat. There are attackers out there ready to use it for their own benefit, causing you a lot of trouble.
Digital identity is a powerful tool in the digital landscape. It plays the role of identifying and verifying an individual and is useful in various businesses.
Digital banking platforms are already transforming, and now there is hustling coming from the credit card department of the banking sector. Let us discuss this in detail.
With changing technology, the fraudulent landscape is also changing. The criminals are in constant search of loopholes to slip through the security of the financial setup.
PAN card being a crucial aspect of the financial world, let us look at the new aspects taking rise in the digital identity system associated with this card.