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Tuesday June 25, 2024

NCCPL launches Smart CKO Portal for swift verifications

By Our Correspondent
May 30, 2024
This image shows the logo of NCCPL. — Facebook/National Clearing Company of Pakistan Ltd
This image shows the logo of NCCPL. — Facebook/National Clearing Company of Pakistan Ltd

KARACHI: The National Clearing Company of Pakistan Limited (NCCPL) has launched the Smart CKO Portal (SCP), a game-changer in the world of digital onboarding, revolutionizing how individuals engage in the onboarding process of the securities market.

An NCCPL press release on Wednesday said that this initiative reflects the company’s dedication to making the account opening process more accessible and user-friendly for investors. The NCC SCP will allow investors to initiate and complete the Know Your Customer (KYC) process without the hassle of visiting any office.

The SCP facilitates investors in completing the essential basic verifications (NADRA, biometric, IBAN and mobile number) and uploading the documentation needed for account opening through a series of straightforward steps, ensuring a smooth and efficient onboarding process.

This approach not only enhances the convenience for investors but also significantly benefits the brokers as they will receive the verified basic information along with documentation through the SCP as compared to the conventional process.

CEO of the NCCPL Muhammad Lukman emphasized, “NCC SCP empowers investors by providing them with control over their account opening journey efficiently. The portal operates round the clock, ensuring users can access its benefits at their convenience, thereby promoting a dynamic and efficient onboarding environment.”

As per COO of the NCCPL Imran Ahmed Khan, “NCC SCP will enhance the customer experience while streamlining operations. Through the portal customers can efficiently establish their onboarding process, ensuring a smooth and hassle-free journey.”

For CIO of the NCCPL Shafiq Ahmed, the portal “has a user-friendly interface, which enhances customer experience. Its simple design and built-in features empower users with enhanced functionality and efficiency, making account opening more accessible.”