To align with the National Roadmap for Digitalisation of Payment Services: NDB signs MoU with DRP

CEYLON TODAY | Published: 2:00 AM Apr 19 2021
FT To align with the National Roadmap for Digitalisation of Payment Services: NDB signs MoU with DRP

NDB recently signed a Memorandum of Understanding (MoU) with the Department for Registration of Persons (DRP) in order to avail the services of DRP’s online platform for verification of customer National Identification Card (NIC) numbers, as a part of the bold strides the Bank has made in Sri Lanka’s fast evolving digital landscape.

This system will enable the bank to validate that the NIC details submitted by a customer are true and accurate, reducing the risk of fraud. This initiative is an industry-wide solution devised according to CBSL requirements via a web-based system developed by DRP for authentication and verification of the NICs.

“With this engagement, the NDB is taking steps to align with the National Roadmap for Digitalisation of Payment Services issued by the National Payment Council, by enabling eKYC and video KYC based customer onboarding,” stated Assistant Vice President, Digital Financial Services, Damitha Silva adding “As part of the Bank’s digital transformation roadmap, we have dedicated ourselves into embracing a digital future.”

NDB’s NEOS is regularly updated to reflect customer demand for personalisation and ease of use. The launch of NEOS was the forerunner which enabled the Bank to launch the NDB NEOS Online Banking platform in April 2020, during the peak of Sri Lanka’s Covid-19 crisis. 

The NDB NEOS Online Banking has garnered popularity nationwide as a state-of-the-art digital banking platform, with absolute connectivity to all of NDB’s banking services especially during the lockdown period. 

Meanwhile, during such a time where minimum contact with others is in the best interests of every individual, NDB introduced NEOS Pay, a QR payment method in which customers can make payments to merchants, pay bills and make a host of other transactions via the same platform. The NEOS Phygital Branches, Cash Recycle Machines and Bank2U propositions together with the NEOS App and Online Banking make the totality of the NDB digital offering.


CEYLON TODAY | Published: 2:00 AM Apr 19 2021

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