Pakistan Banks Turn to Blockchain Technology to Update Customers’ KYC Details Amid Economic Turmoil
Pakistan’s banks have decided to develop a know-your-customer (KYC) platform based on blockchain technology in order to strengthen the country’s efforts to curb money-laundering. Blockchain firm Avanza Group has been onboarded to create this platform, according to details shared by the Pakistan Banks’ Association (PBA) which has signed an agreement with the Avanza Group for … Read more