New digital on-boarding solution of MISL for SIBL

Millennium Information Solution Limited (MISL) and Social Islami Bank Ltd. (SIBL) have inked an agreement to implement "Chinho", the digital on-boarding solution of MISL for SIBL clients.

"Chinho" of MISL will be providing an extremely simplified and user-friendly way of account opening for prospective clients of SIBL from anywhere and anytime using their smartphones without having to go to any branch or service outlet of SIBL," a statement of MISL said.

"During this devastating pandemic, where maintaining 'physical distancing' is a very important factor of any commercial interaction, a solution like "Chinho" to the banks like SIBL is going to address this issue most appropriately," it said.

Chinho" of MISL automates e-KYC services are complying with the central bank's guidelines. It simplifies and accelerates customer on-boarding, enhances customer experience and launches banking befitting the modern lifestyle of the clients, all from the palm of their hands.

"Chinho" ensures instant account opening with a minimum number of clicks using state-of- the-art technology and ensuring maximum security and it provides an easy and smooth way of Identity management, multi-layer authentication keeping modular and scalability options for the clients on-boarding and KYC system.

"The system is highly secure and integrated with the industry best practices. The solution can integrate with existing mobile applications for any bank. The application is available on both Android and iOS devices."

While using this system, SIBL is expected to play a pioneering role in digital banking in the country coupled with its feature-rich and user-friendly mobile apps provided by MISL which has created a thriving market traction over more than 1.5 years.