Central Bank of India partnered with ID to implement digital Know Your Customer (KYC), video KYC and eKYC for its network across India. The aim of the partnership is to bring seamless onboarding and provide efficient digital facilities to the customers across India.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
ID is India’s fastest and first-ever AI-based fully compliant Video KYC solution and a flagship product by Think360.ai. It has the target to digitize 10 million customers’ onboarding annually and streamline its end-to-end processes. Central Bank of India had an eight-month-long gruelling evaluation process on technology and product experience followed by a reverse auction commercial round for this selection. This partnership will support the bank in driving its digital transformation agenda and supporting digital finance initiatives championed by the government.
Important takeaways for all competitive exams:
India’s labour market continued to show signs of strengthening in November 2025, with key employment…
India has emerged as the largest global hub for active users of artificial intelligence (AI)…
India lost one of its greatest artists with the passing away of Ram Vanji Sutar…
Pariksha Pe Charcha (PPC) 2026 has once again attracted massive participation from across the country.…
India and Argentina have taken an important step to deepen their agricultural partnership with the…
For the India’s digital payments ecosystem, Amazon Pay has rolled out biometric authentication for UPI…