SECP DIGITAL PORTAL FOR BANKS FOR VERIFICATION OF CORPORATE ACCOUNT DOCUMENTS.

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In pursuit of its agenda to promote ease of doing business and digitalization, the SECP, in coordination with SBP, had launched an exclusive digital portal last month, enabling banks to open corporate accounts without seeking physically certified copies of statutory documents.

Since its launch, 16 banks have registered with the portal, to gain real time access to statutory records, including Standard Chartered, Askari Bank, Bank Alfalah, Bank Al-Habib, Industrial & Commercial Bank of China, Sindh Bank, Soneri Bank, Summit Bank & Bank of Punjab.

Other banks connected to the portal include: Finca Microfinance Bank, Khushhali Microfinance Bank, NRSP Microfinance Bank, Pair Investment Company, Pakistan Mortgage Refinance Company, SME Bank Ltd and Telenor Microfinance Bank.