📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store

    • Question

      In the context of the Digital KYC process, what does

      “CAF” stand for?
      A Customer Application Form Correct Answer Incorrect Answer
      B Compliance Authorization Framework Correct Answer Incorrect Answer
      C Centralized Application File Correct Answer Incorrect Answer
      D Customer Authentication Form Correct Answer Incorrect Answer
      E Compliance and Approval Form Correct Answer Incorrect Answer

      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.

      Practice Next
      ask-question