Amãna Bank to facilitate eKYC | Sunday Observer

Amãna Bank to facilitate eKYC

5 June, 2021
Officials of Amana Bank and DRP at the signing of the MoU
Officials of Amana Bank and DRP at the signing of the MoU

Amãna Bank signed a Memorandum of Understanding with the Department of Registration of Persons (DRP) recently to facilitate its eKYC (Know Your Customer) process, which enables the Bank to verify the customer’s identity through linking up with the Department.

As a result of the MoU, the Bank with customer consent will have access to DRP’s database to verify details and expedite its account opening process, allowing customers to open accounts online.

The MoU signing took place at the premises of the DRP with officials present of both parties including Commissioner General of DRP P. Viyani Gunathilake, Amana Bank CEO Mohamed Azmeer, VP Operations Imtiaz Iqbal, CIO Rajitha Dissanayake, Head of Legal Sulani Dayaratne and Head of Digital Banking Sanjeewa Fonseka.

The Bank’s Chief Executive Officer Mohamed Azmeer said, “In a day and age where we witness increased acceptance for digital banking, the threat of money laundering and identity theft has also increased, for which the KYC due diligence process has become vital. With the signing of this MoU with the DRP, we can directly verify the customer details through a click of a button. It is great to know such service is readily made available for us to provide seamless digital banking solutions to our customers.” Commissioner General of the Department of Registration of Persons, P. Viyani Gunathilake said, “We believe that this platform we avail will eventually be of great benefit for customers to open accounts digitally at the comfort of their home or office.”