Electronic Know-Your-Customer (e-KYC) technology is the modern superhero of identity verification, replacing piles of paperwork and lengthy verification processes with seamless digital technology. At KAF Digital Bank (KAF DB), we leverage e-KYC to ensure uncompromised accuracy in customer identification and verification. 

By integrating advanced technologies like biometrics, facial recognition, and liveness checks with artificial intelligence, we offer a fast, secure, and user-friendly experience. This initiative not only combats identity theft and fraud but also enhances the overall security of banking and financial services. 

Remember the days of taking leave to visit bank branches for identity verification? With e-KYC, those days are over. Signing up for a KAF Digital Bank account through our mobile banking app is now a quick and hassle-free journey.

What is e-KYC?

As mentioned, Electronic Know-Your-Customer (e-KYC) technology is like the modern superhero of identity verification. Instead of dealing with heaps of paperwork and long verification processes, it's all about using digital technology to confirm who you are. 

Think biometrics, facial recognition and liveness checks. e-KYC technology adoption by KAF Digital Bank will include uncompromised accuracy in customer identification and verification, along with an ongoing assessment of the robustness of the technology application.

The best part? e-KYC aims to fight identity theft, fraud, and other sneaky stuff to ensure banking and financial security. In simple terms, e-KYC is a smart way to verify who you are without the old-school hassle.

At KAF Digital Bank, it's all about speed, security, and making your life easier. No more digging through piles of documents or waiting for ages to get things done. With e-KYC, you're in and out in no time! All is done during your simple journey of signing up for KAF Digital Bank account through our mobile banking app.

Keeping e-KYC Secure and Simple

• Document Verification: 

Initially, we'll need to verify the authenticity of your documents by scanning your ID card, passport, and other relevant documents to ensure their legitimacy.

• Biometric Check: 

This process utilises cutting-edge technology. We employ advanced techniques such as facial scans and liveliness tests (identity confirmation checks) involving head movements to confirm your identity, ensuring it's not merely a photograph or video.

So, remember, we're all about keeping things safe and simple. 

How to Ace Your e-KYC and Stay on Track

e-KYC Document Verification – Top Tips To Shine!

• Avoid Glare: Ensure there's no shiny light obstructing your ID when presenting it.
• Maintain Clarity: Keep your camera stable for a clear photo.
• Complete Disclosure: Display your entire ID document within the frame, leaving nothing hidden.

Biometric Check – The Simple Rules

Follow the Easy Instructions: Simply adhere to the steps provided. Rest assured, we'll guide you effortlessly through the process of opening your KAF Digital Banking account via our mobile banking app.

That's all! By keeping these tips in mind, you'll smoothly navigate the e-KYC process. Should you require assistance, don't hesitate to reach out to us through the hotline or chat box available!

Database Checks or Identity Verification

You will undergo verification against third-party databases to ensure legal existence and conduct Anti-Money Laundering (AML) Watchlist Screening (or the risk assessment screening).

1. AML Screening Watchlist: To identify high-risk profiles, cross-referencing information with international watchlists, sanctions lists, politically exposed person (PEP) lists, and adverse media sources is conducted.

Why should I perform e-KYC?

By conducting e-KYC, KAF Digital Bank achieves the following objectives

• Mitigating fraud stemming from identity concealment and thwarting money laundering (or illegal money activities) and other illicit activities through a simple and rapid procedure employing automated systems.
• Enabling e-KYC verification from any location and at any time with an internet connection, eliminating the need for physical branch visits.
• Accelerating the KYC process.

Incorporating e-KYC technology at KAF Digital Bank is all about speed, security, and simplicity. By digitising the verification process, we eliminate the need for physical documents and reduce the time spent on account setup. 

Our e-KYC process, which includes document verification and biometric checks, ensures your identity is authenticated accurately and efficiently. 

This approach not only prevents fraud and money laundering (or illegal money activities) but also allows you to complete the verification from anywhere, anytime. By following simple tips for document and biometric verification, you can navigate the e-KYC process smoothly.