All posts tagged "e-KYC"
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2.8KAML / KYCThe Four e-KYC Models Around the World
Claus Christensen at Know Your Customer Ltd identifies four e-KYC models in use across the world, but says that harmonisation and consolidation of these schemes is likely.
April 5, 2020 -
447Asia-PacificThailand SEC Sets Out Three Year Strategic Plan for Capital Market
The strategic plan includes greater integration of ESG factors in the market, enhancing SME and startup access to capital, promoting the use of digital and e-KYC technologies, among others.
February 28, 2020 -
372AML / KYCBOT Launches Digital Account Opening Tests at Six Banks
Six banks will open online deposit accounts digitally, using facial recognition to verify customer identities against information held in the new National Digital ID platform.
February 7, 2020 -
763AML / KYCBangladesh Introduces e-KYC for All Financial Services Firms
All financial institutions regulated by Bangladesh Bank are expected to introduce e-KYC in compliance with the new guideline by December 2020.
January 14, 2020 -
857AML / KYCBNM Issues Draft Rules on Financial Sector Use of Electronic KYC
BNM recommends the use of AI, machine learning or other forms of predictive algorithms to ensure accurate identification and verification, and to automate decision-making in customer onboarding.
December 17, 2019 -
310AML / KYCSEBI Allows Intermediaries, Funds to Use Aadhaar for e-KYC
Intermediaries and mutual fund distributors are not allowed to store investors’ Aadhaar numbers “under any circumstances”.
November 8, 2019 -
756AML / KYC
Bangladesh to Launch e-KYC for Bank Account Opening in January
Account opening in Bangladesh currently takes 3-7 days. Based on pilot testing in 33 districts, the new e-KYC system will reduce this to just 5 minutes.
October 31, 2019 -
532AML / KYCRBI Grants Another Extension for e-Wallet KYC Compliance
This is the fourth time the deadline has been extended. Wallet companies were first asked to complete KYC processes for each customer by December 2017.
September 3, 2019 -
898AML / KYCPhilippines to Launch Digital Banking ID Registry This Year
The blockchain powered ID registry will enable electronic KYC and make it easier for clients to access banking services.
April 1, 2019 -
1.2KAML / KYCBank of Ayudhya Uses Facial Recognition in Account Opening
Bank of Ayudhya has become the first bank in Thailand to introduce facial recognition in account opening, which it says will enhance security and prevent fraud and identity theft.
March 12, 2019
