Baku, Azerbaijan, July 12
By Kheyraddin Nasirzade - Trend:
The Financial Market Supervisory Authority of Azerbaijan (FIMSA) as part of the implementation of acceleration of the digital transformation of banks in the country has approved a set of rules for opening bank accounts remotely, which was determined in accordance with the strategic roadmap, Trend reports with reference to FIMSA.
The rules will positively affect the digitalization of the banking ecosystem in Azerbaijan. The procedure for opening accounts for individuals and legal entities both among residents of Azerbaijan and non-residents will be improved.
As part of the project, various approaches to opening accounts were defined depending on the type of account and the amount of payment transactions.
It will be possible to open a bank account if an electronic signature, video connection and other methods for authentication are available in an information resource.
In this regard, meetings were held with representatives of the Center for Analysis and Communication of Economic Reforms and the banking community to discuss the process of opening bank accounts, the steps to be taken in this area and the issues to be considered.
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