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Fintechs and the KYC conundrum; other top tech, startup stories this week

KYC is best understood as the doorway to formal banking channels. So improper KYC can open up banking to the risks of money laundering, fraudulent transactions and such. When customers open bank accounts, they need to submit identity documents, PAN cards to be verified by bank officials as a part of the KYC process.
United States Bharath Ram Brendan Carr Riju Ravindran Pulkit Trivedi Pratik Bhakta

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Cutting interest rate not the solution to economic woes: Bank of Thailand chief

Cutting interest rate not the solution to economic woes: Bank of Thailand chief Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
Krung Thep Mahanakhon Sethaput Suthiwartnarueput National Economic Monetary Policy Committee Development Council Nikkei Asia

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