Tag: Banking

India Makes IST The Single Official Time Reference Nationwide: Why Will Banks, Railways, Telecom Networks And Digital Payments Need To Sync To One Standard?

Tech Afia -
India has made Indian Standard Time the single official time reference for legal, commercial, administrative and critical digital systems. The new rules give organisations 180 days to synchronise servers, transaction systems, transport networks, telecom infrastructure and public displays with authorised IST sources.

Rohingya Schools In Malaysia Face Closure: How Is Online Hate Affecting Refugee Children?

Business Afia -
India is expected to begin rolling out CKYC 2.0 from August 2026, allowing banks and insurers to reuse verified customer records through OTP-based consent. The upgrade aims to reduce repeated KYC document submissions while maintaining regulatory checks for updated or high-risk accounts.

Common Customer ID For Banks And Insurers Starts In August: Will Repeated KYC Finally End?

Business Afia -
India is expected to begin rolling out CKYC 2.0 from August 2026, allowing banks and insurers to reuse verified customer records through OTP-based consent. The upgrade aims to reduce repeated KYC document submissions while maintaining regulatory checks for updated or high-risk accounts.