Bank Negara issues policy document on e-KYC

Bank Negara said financial institutions may decide on any combination of methods to conduct identification or verification through e-KYC such as connecting to a public or private database, facial recognition or video call.

PETALING JAYA: Bank Negara has issued a policy document on electronic Know-Your-Customer (e-KYC), which is an online process of identifying and verifying individual customers.

In a statement, Bank Negara said the policy document aims to accelerate and streamline practices of industry players in their adoption of e-KYC technology.