Question
In the context of the Digital KYC process, what does “CAF” stand for?
Solution
In the Digital KYC process, CAF refers to the Customer Application Form. • The CAF is digitally generated and contains: o The live photograph of the customer, o Embedded details such as CAF number, GPS coordinates, authorized official’s name, unique employee code, and o Date and time stamps to ensure authenticity. This ensures that the KYC process is conducted in a secure, transparent, and verifiable manner, reducing the risk of fraud or misuse.
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