Decentro, a leading fintech infrastructure platform, has launched India’s first fully compliant, self-hosted CKYC (Central KYC) solution, enabling financial institutions to seamlessly transition to the new CERSAI compliance framework. This innovation eliminates third-party dependencies, allowing banks, NBFCs, and insurers to onboard customers faster while ensuring regulatory adherence.
In response to the recent CERSAI circular from the last quarter of 2024, financial institutions can no longer process CKYC data via third-party service providers. Instead, they must host and manage CKYC search, download, and upload functions in-house. This shift impacts over 10,000 active and regulated entities, many of whom previously relied on external vendors for CKYC processing. The compliance deadline for these changes was set for December 16, 2024.
Additionally, the Union Budget 2025 has emphasized AI-driven KYC reforms, reinforcing the need for a secure, transparent, and centralized CKYC system. The evolving CKYC landscape presents challenges such as compliance risks, operational disruptions, and significant time and cost implications for institutions lacking the necessary infrastructure.
Decentro’s self-hosted CKYC solution addresses these challenges by offering:
- 80% Faster Processing: Integrated search, download, and upload functions under a single license with lifetime free updates.
- 75% Lower Compliance Costs: A predictable, license-based pricing model compared to traditional per-API call costs.
- Zero Vendor Dependencies: Secure cloud hosting, ensuring 100% data control and compliance.
This solution enables financial institutions to accelerate CKYC processing, reduce compliance costs, and enhance customer onboarding efficiency.
Rohit Taneja, Co-Founder & CEO of Decentro, said: “Regulatory shifts are reshaping the BFSI landscape, and compliance is no longer just an obligation—it is an opportunity for innovation. At Decentro, we ensure that financial institutions can stay ahead of these mandates while maintaining seamless customer experiences. Our self-hosted CKYC solution is a significant step toward decentralised compliance, offering security, efficiency, and cost predictability in one package.
Financial institutions like Gosree Finance Limited have already integrated Decentro’s CKYC Suite. A spokesperson from the company stated: “As regulatory shifts redefine compliance, integrating Decentro’s CKYC Suite is helping us fast-track compliance readiness—reducing onboarding complexities, optimizing operations, and ensuring 100% data security with in-house hosting. No vendor dependencies, no compliance headaches—just a seamless, future-proof solution built for scale.”
With over 1,200 active customers, including AU Small Finance Bank, MoneyTap, Dhan, and NewTap Finance, Decentro has been at the forefront of streamlining onboarding and compliance in the BFSI sector. Beyond CKYC, the company is focused on revolutionizing financial infrastructure through Digital KYB and AI-driven verification, ensuring seamless regulatory compliance for the industry.
As the fintech landscape continues to evolve, Decentro remains committed to accelerating financial innovation and empowering businesses across India and beyond.
