<h1>Financial Services Department Discusses Modernizing Central KYC Registry to Streamline Compliance and Improve Customer Experience</h1> The Department of Financial Services Secretary chaired a meeting at Manthan to discuss revamping the Central KYC Records Registry and addressing KYC compliance issues, aiming to improve citizens' experience with financial services. The meeting included officials from ministries, regulators, financial institutions, and stakeholders. The Secretary emphasized modernizing the registry and streamlining KYC processes. Discussions covered challenges facing individuals and regulated entities, government measures, and proposals to enhance efficiency, reduce redundancy, and improve security in KYC processes across financial sectors. Stakeholders provided suggestions for further simplifying KYC procedures.