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Video KYC

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KYC, or Know Your Customer, is the process of identifying customers’ identities. Video KYC streamlines this procedure by enabling individuals in India to fulfill their KYC obligations through a convenient video call, removing the need for in-person visits. During the video call, a bank representative will assist you in verifying your address proof, as well… Read More »Video KYC

What is ESG and Why is it Important?

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In recent years, the business landscape has witnessed a significant shift in focus from purely financial performance to a more holistic approach that considers environmental, social, and governance (ESG) factors. ESG has emerged as a critical framework for evaluating a company’s sustainability and ethical practices. In this article, we will delve into what ESG is,… Read More »What is ESG and Why is it Important?

Why concurrent audit is important for banks?

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Banking facilitates economic growth and stability in today’s fast-paced and dynamic financial landscape. With the ever-increasing complexities of banking operations, ensuring transparency, accuracy, and accountability becomes paramount. One essential tool banks employ to achieve this is – Concurrent audit to ensure real-time, simultaneous examination of financial transactions and processes within a bank, performed continuously. This… Read More »Why concurrent audit is important for banks?

Due Diligence vs. Audit: Understanding the Distinctions

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In business and finance, due diligence and audit are two critical processes organizations undertake to ensure transparency, compliance, and risk management. Though they may seem similar initially, they serve distinct purposes and operate in different contexts. This article sheds light on the differences between due diligence and audit, offering an in-depth comparison to clarify their… Read More »Due Diligence vs. Audit: Understanding the Distinctions