Introducing digital verification systems
Reform ID		F541
Description		The CCOF requires banks to allow digital documents and mandates use of digital verification mechanisms. Live photo capture, OTP, geotagging, and CNIC-MSISDN pairing strengthen digital identity verification while enabling remote, secure onboarding. Video KYC is enabled for enhanced due diligence in high-risk cases.
Department		State Bank of Pakistan - SBP
Jurisdiction / Location		Federal - Entire Pakistan
Sector		All Sectors
Start Date
Target Deadline
Date Enacted
Implementation Status		Completed
Progress		100%
CCORR Direction
Cost Savings PKR (Mil.)
Evidence