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MAS reviving its electronic know-your-customer project

Singapore's "KYC 2.0" may dovetail into work to be done at new BIS innovation hub here

Published Wed, Nov 13, 2019 · 09:50 PM

Singapore

THE Monetary Authority of Singapore (MAS) will have a second go at its failed electronic know-your-customer (e-KYC) project, said MAS managing director Ravi Menon on Wednesday.

The centralised KYC utility idea was first proposed in 2017, and was meant to allow financial institutions to identify and verify potential customers' details in a seamless way.

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