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By: Fintech News
Source: fintechnews

This month, the Bangko Sentral ng Pilipinas (BSP) issued the latest rules outlining the minimum digital identification and verification requirements for financial institutions, otherwise known as electronic ‘know-your-customer’ procedures, or e-KYC. Seeking to promote seamless identity verification and customer due diligence, the central bank designated the national Philippine Identification System (PhilSys) as an acceptable…