Financial Crime World

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Digital Identity Verification in Bangladesh: A Secure Solution for Financial Institutions

In a bid to enhance customer onboarding and prevent financial crimes, Bangladeshi financial institutions are increasingly turning to electronic know your customer (eKYC) verification. Pixl, a leading provider of digital identity verification solutions, has emerged as a pioneer in this field.

The eKYC Process: A Secure and Compliant Approach

eKYC is an advanced method employed by financial institutions and non-banking financial institutions (NBFIs) to vet and onboard customers. This process adheres rigorously to both local laws and international standards, involving the gathering of essential identity details from customers and cross-referencing this information with authorized government agencies.

Key Features of eKYC Process

  • Gathering of essential identity details from customers
  • Cross-referencing with authorized government agencies
  • Rigorous adherence to local laws and international standards

Pixl’s Advanced eKYC Solution

Pixl offers a fast and reliable customer verification solution in Bangladesh, utilizing innovative technology to verify users. With Pixl, customers can complete the KYC process in just 10 seconds using their mobile camera to scan their Bangladeshi ID, driver’s license, or passport.

Key Features of Pixl’s eKYC Solution

  • Fast and reliable customer verification
  • Innovative technology for user verification
  • Ability to scan Bangladeshi ID, driver’s license, or passport in 10 seconds

Globally Recognized KYC/AML Platform

The Pixl platform delivers essential controls and guarantees for anti-money laundering (AML) and know your customer (KYC) compliance, offering robust support for global digital identity verification requirements across regulated sectors and entities.

Key Features of Pixl’s KYC/AML Platform

  • Essential controls and guarantees for AML and KYC compliance
  • Robust support for global digital identity verification requirements
  • Ability to enrich insights into stakeholders and understand device usage patterns

Digital KYC Verification Features

Pixl’s digital KYC verification features include:

Key Features of Pixl’s Digital KYC Verification

  • Biometric authentication: Verify identities with the precision of fingerprint and facial recognition technology.
  • Sanction and watchlist screening: Thoroughly scan for individuals or entities on sanction lists and watchlists.
  • Risk assessment: Evaluate and grade customer risk levels to make informed decisions.
  • Customer profiling: Create in-depth profiles of customers for personalized service.
  • Digital data archiving: Seamlessly maintain digital records for compliance and convenience.

Integration with Core Banking Systems

Pixl seamlessly integrates with core banking systems (CBS) and anti-money laundering (AML) solutions, facilitating smooth customer onboarding and risk assessment. The platform also offers communication integration, allowing for SMS and email communication to keep clients informed.

Key Features of Pixl’s Integration

  • Seamless integration with CBS and AML solutions
  • Ability to facilitate smooth customer onboarding and risk assessment
  • Communication integration for SMS and email communication

Regulatory Compliance

Pixl adheres to the guidelines set forth by the Bangladesh Financial Intelligence Unit (BFIU), ensuring that financial institutions remain compliant with regulatory requirements. The platform provides 24/7 support to assist customers in resolving any queries or concerns.

Key Features of Pixl’s Regulatory Compliance

  • Adherence to BFIU guidelines
  • Ability to ensure compliance with regulatory requirements
  • 24/7 support for customer inquiries and concerns

Industry-Specific Solutions

Pixl offers integration for all industries, including:

  • Financial services
  • Fintech
  • Telecommunications
  • E-commerce
  • Gaming and gambling
  • Insurance
  • Real estate
  • Healthcare
  • Government and public services
  • Education
  • Travel and hospitality
  • Blockchain and cryptocurrency
  • Transportation and logistics

Conclusion

Pixl’s digital identity verification solutions offer a secure and compliant approach to customer onboarding, enabling Bangladeshi financial institutions to enhance their risk assessment and prevention capabilities while maintaining regulatory compliance.