Decentro goes live with CKYC 2.0 for financial institutions

By Divya Shah

Decentro has launched its CKYC 2.0 integration, enabling banks, lenders, insurers, wealth management platforms and other regulated businesses to adopt India’s upgraded Central KYC framework. 

The solution was developed ahead of the production rollout of CKYC 2.0, allowing customers to prepare early for the transition. The platform supports both CKYC 1.x and CKYC 2.0 workflows simultaneously, enabling institutions to migrate gradually while continuing to use existing processes where required. 

The dual-support approach is designed to help financial institutions move from legacy, batch-based KYC operations to real-time, API-driven customer onboarding and verification journeys without disrupting existing systems. 

Beyond access to the central registry, organisations must also integrate KYC processes with onboarding platforms, authentication mechanisms, consent management systems and record maintenance workflows.  

Decentro said its infrastructure abstracts these complexities, allowing institutions to adopt the new framework without undertaking extensive engineering projects. 

Rohit Taneja, Founder & CEO of Decentro, said, “The creation of the framework is only the first step; the real impact will come from how quickly businesses can operationalise it across customer journeys. Our focus is to make that transition simpler for financial institutions, so they can adopt the new infrastructure without having to build the entire technology layer themselves.” 

CKYCRR 2.0 is an enhanced version of the Central KYC system aimed at improving how KYC records are searched, accessed, created and updated. The upgraded architecture introduces real-time Create and Update APIs, broader search capabilities and an OTP-based consent mechanism for downloading records.  

It also incorporates stronger validation and matching processes to improve data quality across the central registry. 

The new framework is intended to replace traditional file-based processes with real-time connectivity, helping institutions improve KYC record lifecycle management and operational efficiency. 

For businesses and merchants onboarded through regulated financial platforms, easier access to centralised KYC records can reduce repetitive documentation requirements and streamline onboarding processes. At the same time, regulated entities retain responsibility for KYC compliance and customer due diligence.