General Studies · Product Strategy and Compliance
A private bank aims to launch a wealth management product for Middle East NRIs via video-based digital KYC. However, strict local data sovereignty laws prevent storing biometric data outside those nations. What is the most strategic decision for the Product Manager to balance compliance, speed, and cost?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Cancel the project immediately due to regulatory complexity and budget overruns
- 2Partner with a competitor's fintech partner without conducting independent regulatory checks
- 3Implement Video-KYC in countries without data sovereignty restrictions and use a hybrid model elsewhere✓
- 4Proceed solely with the physical KYC process across all markets to avoid localized server costs
Correct answer
Implement Video-KYC in countries without data sovereignty restrictions and use a hybrid model elsewhere
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for General Studies?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Product Strategy and Compliance MCQs →Want more practice questions on Product Strategy and Compliance?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in General Studies · Product Strategy and Compliance