Sampath Bank digitalises KYC process with Department for Registration of Persons
Sampath Bank PLC has entered into a Memorandum of Understanding (MOU) with the Department for Registration of Persons (DRP) to facilitate customer identification and verification through the DRP interface.
This will enable Sampath Bank to onboard customers digitally, without them having to physically visit the bank, by verifying and confirming their identity via the DRP database. Digitalising the mandatory KYC (Know Your Customer) process, this partnership is testament to Sampath Bank’s commitment to leveraging technology and rolling out innovative solutions that deliver greater value to the nation, the bank proclaimed in a media release.
Ajith Salgado, Group Chief Information Officer, Sampath Bank PLC, and P. Viyani Gunathilake, Commissioner General, Department for Registration of Persons signed the MoU at the Department for Registration of Persons Head Office in the presence of representatives from the Department for Registration of Persons and Sampath Bank, recently.
“We are delighted to partner with the Department for Registration of Persons on digitalising the KYC process – a mandatory process which plays a pivotal role in protecting customers as well as the banking system. We invite all
Sri Lankans to avail themselves of the added convenience and security offered by this facility and look forward to welcoming them on board Sampath Bank, digitally,” said Ajith Salgado, Group Chief Information Officer, Sampath Bank PLC.
Customers can currently use the digital onboarding service and open a new account with Sampath Bank even during extended hours, at any Sampath Virtual Teller Machine (VTM) located at selected branches. The bank is actively working on integrating the digital onboarding process into its other digital platforms by enabling the digital KYC process for all accounts opening operations as a step-bystep approach.
Customers visiting a Sampath Bank VTM will be connected to a Customer Service Executive from the bank over a real-time live video conference to help them open an account. The Executive will request them to upload their NIC and other supporting documents through the VTM and seek their consent to verify their identity using the DRP database. Upon successful verification, the account will be opened immediately. Customers simply need to digitally sign the mandate displayed on the screen and make the initial deposit to complete the account opening process. They can also obtain activated debit cards and the SMS Alertz facility instantly.