ARIE Finance Revolutionizes KYC Process in Mauritius with New Electronic System
August 20, 2021
ARIE Finance, a leading digital and service-based financial ecosystem for business banking customers, introduces an innovative e-KYC (Electronic Know Your Customer) process in Mauritius. This groundbreaking initiative streamlines onboarding and verification processes while adhering to Financial Services Commission (FSC) regulations.
Advanced APIs and Automated Tools
ARIE Finance MEA has leveraged advanced APIs and automated tools, seamlessly integrated with its existing onboarding solution and digital platform, to significantly enhance the business and investment banking experience in Mauritius:
- Identity and address confirmation for natural persons
- Corporate client detail validation
Benefits of an Electronic Verification System
The implementation of e-KYC processes is one of the many advantages of a native digital bank. It represents a significant shift from traditional, time-consuming, and paper-based verification procedures:
- Enhanced client experience
- Streamlined procedures
Quote from Aisha Sudally, Managing Director for Middle East, Asia, and Africa at ARIE Finance
“The unveiling of our new e-verification process is a pivotal moment for ARIE Finance. This process meets the FSC’s regulatory requirements and offers numerous benefits, including an enhanced client experience and streamlined procedures. It is set to become the new industry standard in Mauritius.”
Electronic Signatures and Document Security
ARIE Finance is implementing electronic signatures for client-signed documents with robust authentication methods to ensure document security and recipient validation:
“By incorporating independent verifications from reputable and reliable service providers, we are surpassing the FSC’s requirement for certification and establishing a central pillar for digital compliance in Mauritius. We are eager to collaborate with the Commission to further digitalize processes and navigate the rapidly changing financial landscape.”
Major Milestone for ARIE Finance
The implementation of this e-KYC process marks a major milestone for ARIE Finance and sets a new standard for digital banking in Mauritius.