Policy · 1h ago
SECP Digitizes Investor Verification with IBAN-Based System
Pakistan's SECP has replaced paper-based verification with an IBAN-based digital system for investors. Financial institutions can now verify customers faster through automated bank account checks. The move aims to streamline investment processes and reduce bureaucratic delays.
Meridian48 take
This is a modest but practical digitization step for Pakistan's capital markets, though its impact depends on how well the system integrates with existing banking infrastructure.
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SECP Replaces Paperwork With Faster Bank Account Verification for Investors →
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