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Reimagining KYC Using Blockchain Technology

 

Ganesh Raghavan Padmanabhan

Domain Consultant, Banking and Financial Services (BFS), TCS

Anusha Sivaramakrishnan

Domain Consultant, Clearing and Settlement Group, BFS, TCS

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Enabling seamless and secure data exchange at a fraction of the cost.

Blockchain technology can effectively help banks improve their Know Your Customer (KYC) process by:

  • Facilitating near real-time data exchange

  • Using intra- and inter- bank verification

  • Reducing processing costs substantially

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