5.4 million consumers were victims of identity theft or fraud last year globally [1]. That’s up by 16% from the year 2015. Identity fraud and its related vulnerabilities are becoming increasingly rampant due to weak ID verification processes across companies. It is indeed important to keep identities safe and on-board employees, customers, vendors and partners with genuine identities only.
![RBI KFS expanded to MSME Retail](https://authbridge.com/wp-content/uploads/2024/07/The-RBI-has-issued-new-Key-Fact-Statements-instructions-300x158.jpg)
![RBI KFS expanded to MSME Retail](https://authbridge.com/wp-content/uploads/2024/07/The-RBI-has-issued-new-Key-Fact-Statements-instructions-300x158.jpg)
BFSI
RBI’s Key Fact Statement Extended For All MSME, Retail Borrowers
The Reserve Bank of India (RBI) has recently introduced the Key Facts Statement (KFS) guidelines aimed at enhancing transparency in the lending process for retail and Micro, Small, and Medium Enterprises (MSME) loans. These guidelines