BSE partners with LIC Mutual Fund for BSE eKYC services

The digital KYC process will facilitate our Members to ensure zero contact, hassle-free customer on boarding process, especially during this COVID situation.

Jul 06, 2020 08:07 IST India Infoline News Service

BSE had launched its eKYC platform on May 26, 2020 during lock down period as a service for IFAs, DFIs, Mutual funds and stock brokers to add new investors in their customers list without physically going to meet the investors.

To take this even further, BSE has now partnered with LIC Mutual Fund to power its eKYC services on BSE StAR MF, the market leading MF platform.

BSE StAR MF in partnership with LIC Mutual Fund (LICMF), is delighted to announce that the BSE eKYC services is now available for all the Members on BSE StAR MF platform.

The digital KYC process will facilitate our Members to ensure zero contact, hassle-free customer on boarding process, especially during this COVID situation.

The entire process is very user friendly and simplifies the user experience to perform the entire KYC process seamlessly.

Commenting on this partnership and powering the eKYC platform for BSE, Shri Dinesh Pangtey, CEO – LIC Mutual Fund Asset Management Ltd., said, “Digital is future and especially during this pandemic times, it is even more important to adapt and facilitate virtual contact. LICMF’s Adoption of eKYC is one such step towards going Digital. eKYC is not only important for Mutual Fund Industry but for the entire Financial Services Industry, to be able to provide a simpler and richer on-boarding experience to the new Customers and thus facilitate a completely paperless or Digital experience. In a strategic alliance with BSE, LICMF is able to facilitate a complete Digital Customer on-boarding experience to all Distributor Partners (MFDs) on BSE StAR MF platform.”

Commenting about this service launch and now being available to all the Members of StAR MF platform, Shri. Ashishkumar Chauhan , MD & CEO, BSE said, “Adopting technology-based solutions is the need of the hour. Our strategic alliance with LIC Mutual Fund is sure to attract more participants and bring in more operational efficiency, besides simplifying the user experience to perform the entire KYC process seamlessly.”

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