Common Customer ID for Banks, Insurers Expected Soon; Mutual Funds to Follow with Central KYC 2.0

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Finance

25 July 2026 at 3:21 pm

Common Customer ID for Banks, Insurers Expected Soon; Mutual Funds to Follow with Central KYC 2.0

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Summary

Financial institutions like banks and insurers will soon implement a common customer ID, with capital markets firms, including mutual funds and brokerages, expected to adopt Central Know-Your-Customer 2.0 later this year.

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Common Customer ID for Banks, Insurers Expected Soon; Mutual Funds to Follow with Central KYC 2.0 | HyperFast