National Development Bank PLC said yesterday it would be the first company in Sri Lanka to commence the development of a Video Know-Your-Customer (vKYC) as a part of the significant strides the bank is making in Sri Lanka’s fast-evolving digital landscape.
The bank appointed an international enterprise software solutions partner specialising in digital transformation, Axion Solutions, to implement world-class vKYC solutions built by OneConnect Financial Technology Co. Ltd., the leading technology-as-a-service platform provider and an associate of Ping An Group.
With OneConnect’s vKYC, NDB Bank will be the first in Sri Lanka to roll out AI-based vKYC, enabling customers to access banking services such as opening bank accounts, and applying for loans and credit cards remotely and safely so that Sri Lankans can live their lives and run their businesses as usual amidst the COVID-19 pandemic.
(FT)