Page 9 - NIBAF-Training Matters January-March 2021
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Continuing on its online focused sessions and the hour especially given the disruption caused by
webinars, NIBAF organized and hosted second of its Covid-19 expediting the process of digitalization
series webinar on Digital Onboarding: The Key to for accessing financial services. Mr. Asif Zaman,
Fintech Success in collaboration with Alif CEO of Alif technologies welcomed all speakers and
Technologies and SBP for creating awareness audience for the e-Learning series and said, digital
about emerging technologies. The webinar aimed at onboarding is the key to provide seamless
developing understanding the complexities and experience to the users while remaining in
challenges faced in digital onboarding, especially compliance with regulations for KYC, AML/CFT.
in context of a developing economy with limited In the context of digital onboarding, the speakers
resources.
were in consensus that key is providing a seamless,
The speakers for the webinar were Mr. Syed Faraz user friendly experience, which was speedy and
Anwar, Partner, Business Risk Consulting, PWC required least clicks, and at the same time be able
Pakistan; Muhammad Kateeb, Group Chairman and to provide instant assistance through live tech
CEO of Path Solutions, Kuwait; Shiv Agerwal, CEO support/chats i.e., and blend of technology and
of MyEarthID, United Kingdom; Mr. Akhtar Javed, human experience. Digital onboarding can be more
Director, Banking Policy and Regulations cost-effective, especially as less people visit their
Department, SBP. The session was moderated by Dr. branches, provided that an end to end strategy has
Farrukh Habib, Co-Founder and Managing Director been developed on the use of technology and user
of Alif Technologies. interface.
The Managing Director, NIBAF welcomed the The speakers agreed that the main impediment in
speakers and thanked Alif Technologies for digital penetration is Identity Checks and Identity
organizing the joint session which was the need of Security. While there are various mechanisms for ID
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