BNM encourages the use of e-KYC solutions that leverage AI, machine learning or other forms of predictive algorithms to ensure accurate identification and verification.
February 24, 2023MAS identifies good industry practices used to guard against fraud, impersonation, and document tampering in a non-face-to-face setting.
February 15, 2022Video-based KYC can be used for onboarding individual customers, business owners, and authorised signatories and beneficial owners of legal entities.
May 18, 2021NPCI has commenced phase one tests of using facial authentication in non-financial transactions with ICICI Bank, Yes Bank, RBL Bank and Fino Payments Bank.
October 8, 2020Financial institutions have the freedom to decide on any combination of methods to identify and verify customers through e-KYC, but prior BNM approval is required.
July 1, 2020The HKMA outlines four regtech use cases that support the effective implementation of AML/CFT measures at Hong Kong banks.
June 16, 2020BNM 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