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.
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