Evaluation report for e-KYC pilot in Bangladesh

by Saborni Poddar and Jagannath Dasgupta
Oct 16, 2020
1 min

This report highlights findings from the evaluation of the e-KYC pilot in Bangladesh conducted by MSC. It captures important lessons and insights from the pilot for financial institutions and recommends necessary changes to the overall e-KYC process and guidelines.

MSC conducted the evaluation of an e-KYC pilot for Bangladesh Bank, which introduced an electronic Know Your Customer (e-KYC) system to boost financial inclusion in the country. This report highlights the stakeholder’s experience with the new e-KYC system as compared to the manual paper-based system. The report also details the regulatory point of view of building a robust e-KYC ecosystem in the country and highlights the technical and functional challenges encountered during the process.