Mauritius Launches Electronic Know Your Customer Verification Process

Revolutionizing Financial Services with ARIE Finance’s Innovative Solution

In a significant move to transform financial services in Mauritius, ARIE Finance has introduced an electronic Know Your Customer (KYC) process for onboarding customers. This cutting-edge solution enables ARIE Finance to provide seamless onboarding and verification services while complying with the regulatory requirements set by the Financial Services Commission.

Traditional Methods a Thing of the Past

According to officials, the new Electronic KYC process marks a significant shift away from traditional, laborious paper-based methods where clients were required to submit original documents to complete the verification process. Instead, ARIE Finance’s innovative solution utilizes multiple APIs and automated tools to streamline the onboarding experience for business banking customers.

Enhanced Security and Compliance

The Electronic Verification tools that form part of the KYC process include:

• Identity and address verification for natural persons
• Corporate client details verification

This new process is expected to enhance the overall customer experience while maintaining high levels of security and compliance. With its roots in investment banking, ARIE Finance MEA has leveraged its expertise to develop a cutting-edge onboarding solution that sets a new standard for digital banking in Mauritius.

Benefits of Electronic KYC

• Seamless onboarding and verification services
• Enhanced customer experience
• High levels of security and compliance
• Streamlined process reduces manual intervention
• Increased efficiency and reduced costs

With the launch of this innovative solution, ARIE Finance is poised to revolutionize financial services in Mauritius and set a new standard for digital banking.