Press Release15 Mar 2024, 05:50 pm
Capital Trust Receives RBI Authorisation for Aadhaar Authentication under Money Laundering Act
AI Summary
Capital Trust Limited, a leading digitally enabled non-banking finance company specialising in providing business loans in tier 3-5 regions, has announced its authorization from the Reserve Bank of India (RBI) to conduct Aadhaar authentication under section 11A of the Money Laundering Act. This approval enhances Capital Trust's security measures, streamlines customer onboarding processes, ensures regulatory compliance, improves the overall customer experience, and bolsters its anti-money laundering efforts.
Key Highlights
- Capital Trust received RBI authorization for Aadhaar authentication under Money Laundering Act
- Approval enhances security measures and streamlines customer onboarding
- Improves regulatory compliance, customer experience and anti-money laundering efforts
- Capital Trust among select few to receive this authorization
- Continues commitment to innovation, efficiency, and integrity in financial services