US EditionTRAI's Digital Consent Pilot: A Step Towards Safer Banking Communication
9 Articles
9 Articles
TRAI's Digital Consent Pilot: A Step Towards Safer Banking Communication
The Telecom Regulatory Authority of India (TRAI) has teamed up with the Reserve Bank of India for a pilot project aimed at digitizing user consents for banking communications, to combat financial fraud. This initiative prioritizes the banking sector and will enhance the security and authenticity of customer interactions.
Digital consent: TRAI and RBI collaborate to empower users in financial communications
The Telecom Regulatory Authority of India (TRAI) announced the launch of a pilot project in collaboration with the Reserve Bank of India (RBI) and various banks to digitise users' legacy, paper-based consents for receiving calls and messages. This initiative is part of TRAI's efforts to combat financial fraud. According to TRAI, due to the sensitive nature of banking transactions and the prevalence of financial fraud linked to spam calls, the ba…
The National Telecommunications Agency (Anatel) announced the launch of the Verified Origin service, an innovative technology designed to increase security in phone calls. Using the Stir Shaken protocol, the system seeks to prevent the use of fake numbers. The measure aims to protect consumers from fraud, such as robocalls. The service is available free of charge to users of participating operators and displays detailed information about the inc…
TRAI Rolls Out Digital Consent Pilot to Prevent Spam Calls
The Telecom Regulatory Authority of India (TRAI) has launched a pilot project for the nationwide rollout of Digital Consent Management that would require telemarketing entities to take explicit digital consent from users, according to a press release. The authority will be coordinating with the Reserve Bank of India (RBI) for the rollout, and the banks and Telecom Service Providers (TSPs) will work together to implement it. This move would manda…
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