CLIENT BACKGROUND

The Client is one of the leading financial services company in India. It has been declared as India’s best Derivatives Broker by BSE. It has already crossed 10,000 clients in the currency segment on NSE. It is a onepoint shop for all the investment needs of a customer.

THE NEED OF MASKED AADHAAR

Why is Aadhaar Masking mandatory for Enterprises in BFSI? On 29th May 2019, the Reserve Bank of India updated the master direction on KYC guidelines for regulated entities. One such update makes it mandatory for RBI Regulated Entities to mask or blackout the Aadhaar number of all customers from the Aadhaar image as part of the KYC process. RBI KYC Master Directions: https://bit.ly/2K5hDy3

PROBLEM STATEMENT

Monocept’s client, one of the leading financial services companies in India, required an easy to integrate Aadhaar Masking Solution for their customer onboarding journey to mask and store the Aadhaar data.

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