India’s financial sector is about to get a major upgrade: starting next month, banks and insurers will launch CKYC 2.0, a unified ID system that lets you share verified data across services with just one consent — goodbye, repetitive paperwork. Designed to boost inclusion, fight fraud, and streamline access, this system mirrors models used in Singapore and Europe, and is set to expand to asset managers later this year. Industry experts predict it could unlock massive growth by making financial services easier and more accessible for millions.
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