AIRLINK 174.60 Decreased By ▼ -4.26 (-2.38%)
BOP 12.52 Increased By ▲ 0.02 (0.16%)
CNERGY 7.33 Decreased By ▼ -0.13 (-1.74%)
FCCL 39.93 Decreased By ▼ -0.06 (-0.15%)
FFL 14.68 Increased By ▲ 0.01 (0.07%)
FLYNG 27.83 Decreased By ▼ -0.37 (-1.31%)
HUBC 133.63 Decreased By ▼ -0.27 (-0.2%)
HUMNL 12.97 Decreased By ▼ -0.11 (-0.84%)
KEL 4.37 Decreased By ▼ -0.05 (-1.13%)
KOSM 6.01 Decreased By ▼ -0.01 (-0.17%)
MLCF 53.19 Increased By ▲ 0.33 (0.62%)
OGDC 212.91 Decreased By ▼ -0.41 (-0.19%)
PACE 6.00 No Change ▼ 0.00 (0%)
PAEL 41.10 Decreased By ▼ -0.76 (-1.82%)
PIAHCLA 15.51 Decreased By ▼ -0.01 (-0.06%)
PIBTL 9.58 Increased By ▲ 0.46 (5.04%)
POWER 10.94 Decreased By ▼ -0.25 (-2.23%)
PPL 171.11 Decreased By ▼ -1.64 (-0.95%)
PRL 33.33 Decreased By ▼ -0.86 (-2.52%)
PTC 23.02 Decreased By ▼ -0.72 (-3.03%)
SEARL 91.37 Decreased By ▼ -1.88 (-2.02%)
SILK 1.11 Decreased By ▼ -0.01 (-0.89%)
SSGC 32.51 Decreased By ▼ -0.14 (-0.43%)
SYM 16.00 Decreased By ▼ -0.03 (-0.19%)
TELE 7.87 Decreased By ▼ -0.11 (-1.38%)
TPLP 10.99 Decreased By ▼ -0.04 (-0.36%)
TRG 58.30 Decreased By ▼ -0.48 (-0.82%)
WAVESAPP 11.09 Decreased By ▼ -0.07 (-0.63%)
WTL 1.34 Decreased By ▼ -0.06 (-4.29%)
YOUW 3.79 Decreased By ▼ -0.03 (-0.79%)
AIRLINK 174.60 Decreased By ▼ -4.26 (-2.38%)
BOP 12.52 Increased By ▲ 0.02 (0.16%)
CNERGY 7.33 Decreased By ▼ -0.13 (-1.74%)
FCCL 39.93 Decreased By ▼ -0.06 (-0.15%)
FFL 14.68 Increased By ▲ 0.01 (0.07%)
FLYNG 27.83 Decreased By ▼ -0.37 (-1.31%)
HUBC 133.63 Decreased By ▼ -0.27 (-0.2%)
HUMNL 12.97 Decreased By ▼ -0.11 (-0.84%)
KEL 4.37 Decreased By ▼ -0.05 (-1.13%)
KOSM 6.01 Decreased By ▼ -0.01 (-0.17%)
MLCF 53.19 Increased By ▲ 0.33 (0.62%)
OGDC 212.91 Decreased By ▼ -0.41 (-0.19%)
PACE 6.00 No Change ▼ 0.00 (0%)
PAEL 41.10 Decreased By ▼ -0.76 (-1.82%)
PIAHCLA 15.51 Decreased By ▼ -0.01 (-0.06%)
PIBTL 9.58 Increased By ▲ 0.46 (5.04%)
POWER 10.94 Decreased By ▼ -0.25 (-2.23%)
PPL 171.11 Decreased By ▼ -1.64 (-0.95%)
PRL 33.33 Decreased By ▼ -0.86 (-2.52%)
PTC 23.02 Decreased By ▼ -0.72 (-3.03%)
SEARL 91.37 Decreased By ▼ -1.88 (-2.02%)
SILK 1.11 Decreased By ▼ -0.01 (-0.89%)
SSGC 32.51 Decreased By ▼ -0.14 (-0.43%)
SYM 16.00 Decreased By ▼ -0.03 (-0.19%)
TELE 7.87 Decreased By ▼ -0.11 (-1.38%)
TPLP 10.99 Decreased By ▼ -0.04 (-0.36%)
TRG 58.30 Decreased By ▼ -0.48 (-0.82%)
WAVESAPP 11.09 Decreased By ▼ -0.07 (-0.63%)
WTL 1.34 Decreased By ▼ -0.06 (-4.29%)
YOUW 3.79 Decreased By ▼ -0.03 (-0.79%)
BR100 11,801 Decreased By -88.7 (-0.75%)
BR30 35,439 Decreased By -247.6 (-0.69%)
KSE100 112,254 Decreased By -490 (-0.43%)
KSE30 34,784 Decreased By -183.7 (-0.53%)

ISLAMABAD: Chairman National Database and Registration Authority (NADRA) Lieutenant General Muhammad Munir Afsar, on Wednesday, said that we are committed to strictly implementing robust cybersecurity measures and ensuring that our systems are secure, resilient, and trustworthy in concert with the fintech sector.

The NADRA chairman said this while addressing the Financial Sector Stakeholders’ Conference organised by the NADRA at its headquarters.

The conference was attended by the representatives of Pakistan Fintech Network (PFN) including Digital Banks, Electronic Money Institutions (EMIs), Non-Banking Financial Institutions (NBFIs) and the Securities and Exchange Commission of Pakistan (SECP).

The main objective of the stakeholders’ conference was to review mutual collaboration and evolving a path for the future to harness digital technology to enhance financial inclusion, reduce fraud risks, and promote a secure and efficient financial ecosystem supported by identity management.

The NADRA chairman emphasised the concerns regarding cybersecurity and citizen’s data protection, particularly, at the edges of the digital ecosystem. “As we embrace digitalisation, we must prioritise the security and privacy of our citizens’ data,” he said.

Representatives from the SECP, Digital Banks, EMIs, and NBFIs shared their perspectives on the benefits and challenges of current eKYC, highlighting the need for interoperability, standardisation, and customer convenience.

Participants expressed their concerns, especially the onboarding regime. The NADRA chairman assured them that they will be provided access within the given timelines through standardised, interactive and online processes.

Copyright Business Recorder, 2024

Comments

Comments are closed.