According to the amendments made by the Central Bank of the Republic of Azerbaijan to the “Rules for Opening Remote Accounts”, from today onwards, opening remote bank accounts will be possible only through a strengthened electronic signature. This innovation requires financial institutions to adopt new approaches to the process of remote identification and authentication of customers.
SIMA Digital Solutions Platform acts as an optimal and effective solution for all financial institutions, including banks, in this context. With the introduction of the new rules, financial institutions can carry out remote identification of customers through various methods, and SIMA provides appropriate solutions for each of these processes.
Identification of users through photo capture is possible through the “SIMA KYC” product. Identification based on video recording or video call is provided by the solutions of the “SIMA KYC” platform of the same name. This approach allows financial institutions to organize customer identification in a secure and flexible manner in various scenarios.
In general, instead of implementing remote identification and authentication processes through separate resources, it is possible to implement them only by applying the SIMA digital signature. Thus, “SIMA Signature” combines biometric identification and enhanced electronic signature requirements into a single platform, thereby meeting all the requirements of the new Regulation. This approach will not only increase the security of banking transactions, but will also create conditions for faster and more convenient provision of services.
About “SIMA Signature”
The SIMA Digital Solutions Platform was created by “AzInTelecom” LLC, one of the AZCON Holding companies. There is no need to go to a service point or have a physical carrier to obtain the SIMA digital signature included in the platform. It is enough to download the “SIMA Signature” mobile application to your smartphone from wherever you are and register. The use of the electronic signature is completely free of charge for citizens.
