Amana Bank CEO Mohamed Azmeer and DRP Commissioner General P. Viyani Gunathilake signing the MoU
Amãna Bank recently signed a Memorandum of Understanding with the Department of Registration of Persons (DRP) to facilitate its eKYC (Know Your Customer) process, which enables the Bank to verify the customer’s identity through linking up with the Department.
As a result of the MoU, the Bank with customer consent will have access to DRP’s database to verify details and expedite its account opening process, allowing customers to open accounts online avoiding the inconvenience of having to physically visit the Bank.
The MoU signing took place at the premises of the DRP with officials present from both parties including DRP Commissioner General P. Viyani Gunathilake, Amana Bank CEO Mohamed Azmeer, VP Operations Imtiaz Iqbal, CIO Rajitha Dissanayake, Head of Legal Sulani Dayaratne and Head of Digital Banking Sanjeewa Fonseka.
Commenting on this sign-up the Bank’s Chief Executive Officer Mohamed Azmeer said, “In a day and age where we witness increased acceptance for digital banking, the threat of money laundering and identity theft has also increased, for which the KYC due diligence process has become vital. With the signing of this MoU with the DRP, we can directly verify the customer details through a click of a button. It is great to know such service is readily made available for us to provide seamless digital banking solutions to our customers.”
Sharing his views, Department of Registration of Persons Commissioner General P. Viyani Gunathilake said, “We are happy to have Amãna Bank onboard to access our database enabling them to conveniently verify customer details thereby facilitating their eKYC process. We believe that this platform we avail will eventually be of great benefit for customers to open accounts digitally at the comfort of their home or office.”
Amana Bank PLC is a stand-alone institution licensed by the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange with Jeddah-based IsDB Group being the principal shareholder having a 29.97% shareholding of the Bank. The IsDB Group is a ‘AAA’ rated multilateral development financial institution with a membership of 57 countries. In October 2020 Fitch Ratings Sri Lanka affirmed the National Long-Term Rating of Amãna Bank to BB+(lka) with a Stable Outlook. Amãna Bank does not have any subsidiaries, associates or affiliated institutions, other than its flagship CSR project the ‘OrphanCare’ Trust.