Technology

Sahal Verifai Collaborates with Central Depository Company of Pakistan to Promote Financial Inclusion

Sahal Verifai Collaborates with Central Depository Company of Pakistan to Promote Financial Inclusion

According to reports, HACL would probably launch the HR-V in Pakistan before the end of 2022. Given the cost of the test vehicle, Honda will probably release the HR-V in Pakistan without a hybrid version.

This implies that Sahal Verifai’s consolidated e-KYC system will integrate all brokerages, commodities investments, mutual funds, and insurance organisations. The national objective of universal financial inclusion is now one step closer.

Abdul Wahab, the founder and CEO of Sahal, commented on the news by saying, “We look forward to transforming the future of the capital market working alongside CDC. Sahal will lead the way in terms of remote customer onboarding and verification.

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With the aim of assisting financial institutions, e-commerce, and the capital market in battling fraud and cyber identity challenges, Sahal Verifai is a one-stop-shop end-to-end e-KYC service provider.

Sahal Verifai achieves this by doing remote continuing due diligence, including AML/CFT and Urdu-based adverse media, and user identification verification utilising facial biometric for remote onboarding.

The majority of the digital onboarding and due diligence difficulties that banks, e-commerce, and other financial institutions have been experiencing recently can be resolved with the assistance of the company’s machine learning algorithms.

Read more on Latest Technology News on Pakistanlounge.pk

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Technology

Tariq Ahad is Editor Technology at Pakistan Lounge and joined in May 2021. Formerly Sub editor technology at a news website

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