Data Governance Network

In Episode 27 of Brave New World Podcast, Vasant Dhar talks to Andrew Yang who ran for President of the United States in 2020. They discuss the threat posed by social media giants, taxing digital economies and his vision for America's politics.

Tune in now:

Episode 27: Andrew Yang on the New Politics America Needs | Brave New World  Andrew Yang supports some game changing ideas, such as UBI and taxing robots, and they're rooted in a radical vision of what America's politics should be.

Do you want to know more about the Know Your Customer (KYC) form you have been asked to fill out? Watch our video on ‘Regulating KYC in India’ to know more.

The video is based on our paper titled ‘Analysing KYC in India: Can we do things better?’. Rishab Bailey, Trishee Goyal, Renuka Sane, and Ridhi Varma of NIPFP compare India’s KYC norms with global standards.

They show that faulty regulatory frameworks which do not account for the Indian socio-economic context and do not adequately consider the design of incentive structures can lead to unwanted regulatory outcomes.

Therefore, the Indian KYC regulatory framework needs to be revised so as to

(a) better balance competing interests of dealing with money laundering and ensuring financial inclusion;

(b) ensure incentive structures support the regulatory goals, including by limiting excessive compliance burdens and designing penalties appropriately.

Watch our video to understand the gist of the issue: https://youtu.be/m0H0vgM6haY

And read our paper ‘Analysing KYC requirements in India: Can we do things better?’: https://bit.ly/3l38erS

Analysing India’s KYC Framework: Can We Do Things Better? International norms mandate customer identification as an essential step in accessing the formal finance. However, poor design of identification processes can l