know your customer

RBI slaps ₹1.32 crore monetary penalty on PNB

July 5, 2024 · Banking

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹131.80 lakh on Punjab National Bank (PNB) for non-compliance with its directions issued on ‘Loans and…

ING implements gen AI | Bank Automation News

June 5, 2024 · Banking

AMSTERDAM — ING is using generative AI in its know-your-customer processes to boost productivity for its data analysts and improve the client experience. The generative AI efforts for…