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Published by Giga.tech, 2021-12-28 00:25:59

eKYC Brochure_GT

eKYC Brochure_GT

Keywords: eKYC,Brochure,Brochure_GT,eKYC Brochure,Kyc

The future of banking

A Global BEXIMCO Group, the largest private-sector group in Bangladesh found-
Company ed in the 1970s. Giga Tech, a B2B venture of Beximco Group, enables
from transformation in the public and private sector in everyday doing busi-
Bangladesh ness through our R&D, solution design, software, device, and service.
Our goal is to enable the continuous advancement of our client’s busi-
ness through enabling innovation, efficiency, security, and robustness
in their organizations through sustainable design, advanced technolo-
gy, and effective solution. To address a specialized sector and domain,
we collaborate with relevant specialized institutions, companies, and
Academia, both globally and locally.

Enabling financial
inclusion and digital
transformation for all

To address and minimize the current challenges faced by the Finan-
cial Institutions and the Critical mass, GIGA TECH’s vision is to work
as the bridge which addresses the needs of both. GIGA TECH’s R&D,
Data Analytics & Product Team comprises of Domain experts, skilled
Technical resources and an equally experienced Strategy team. GIGA
TECH is focused on introducing multi-dimensional solutions to the
market which ranges from customer on-boarding & product
on-boarding technology to Customer Cross-selling & Retention
through offering both traditional & intelligent solutions using Big
Data Analytics, Machine Learning, Natural Language Processing and
Deep Learning.

Digital

This is
Our
Story

MADE in BANGLADESH

GIGA EKYC successfully completed the 1st EKYC
pilot of Bangladesh in October 2019 initiative by
Bangladesh Financial Intelligence Unit (BFIU),
Bangladesh Bank with 10 Financial Institutions
(Bank/NBFI).GIGA TECH has successfully
deployed GIGA EKYC in Islami Bank Bangladesh
Limited (IBBL) International Finance Invest-
ment & Commerce Bank Limited (IFIC) which
are currently on live operations. Apart from
that, we are working closely with other FI’s and
will be deploying our GIGA EKYC solutions in
the coming days.

Successfully
completed
eKYC
pilot by BFIU

GIGA EKYC successfully completed the 1st EKYC We've Worked with Some of the Biggest Financial
pilot of Bangladesh in October 2019 initiative by Institutions and brands in Bangladesh
Bangladesh Financial Intelligence Unit (BFIU),
Bangladesh Bank with 10 Financial Institutions
(Bank/NBFI).GIGA TECH has successfully
deployed GIGA EKYC in Islami Bank Bangladesh
Limited (IBBL) International Finance Invest-
ment & Commerce Bank Limited (IFIC) which
are currently on live operations. Apart from
that, we are working closely with other FI’s and
will be deploying our GIGA EKYC solutions in
the coming days.

Our The finance industry is ripe for disruption
eKYC
Feature

Customer’s Face Verification System
Customer Verification

Dashboard & Admin panel

Scoring Algorithm EKYC guideline
Automated Risk Grading

Automated Sanction screening

Many more features

GIGA eKYC is safe, secure and protects Cus-

tomer data, Country data and Financial

Institutions data.

GIGA EKYC is built with fully MADE IN BANGLADESH technol-
ogies, tools, software & hosted in Bangladesh aiming to
protect National Data going out of the country. We have used
our own proprietary verification technologies (such as Face
Recognition System, Optical Character Recogniser, Finger-
print matching system), own Artificial Intelligence based
models for predictions and analysts, software, platform.
Leading ekyc solution provider in Bangladesh.

As an ethical company, we believe and give the highest
attention to ensure customer data (personal information,
photo, fingerprint) which is also national data that should
not be digitally transmitted or transferred outside Bangla-
desh, and the data should be stored and located within the
geographical boundary of Bangladesh. Therefore, we did not
use any foreign API or software, or solution while building
and developing the GIGA EKYC, and instead, we made it ‘End
to End’ compliant and fully proprietary.

What is
Anti-Money
Laundering

Anti-money laundering software (AML
software) utilizes technology to help
legal and financial institutions comply
with legal requirements from financial
regulators designed to identify money
laundering and combat financial
crime.

The use of AML software should form
part of a wider AML compliance pro-
gram, and should be implemented as
part of a risk based approach to a
financial institution’s unique profile.

Our AML Feature

Sanction Screening Adverse
Media & PEPs/IPs Screening
Transaction Monitoring
Pattern Analysis
CTR Management Data Mining

KYC/CDD and Risk STR/SAR
Management Management
Independent Testing
Procedure Self Assessment

Trade Compliance Integrated Task
Mangement System (ITMS)
Regulatory Reporting
FATCA Compliance

EDD Reporting

Fintech in Bangladesh

Market value The current secosystem in Bangladesh is valued at $1.45 billion

Others MF $2.45
65 billion
National Capital Banking Impact $1.45
Major Cities S of Fintech billion
25.43 % .52%
4.40% $1.00
billion

Fintech in Bangladesh has totally changed 2022 2021 2020
the financial landscape. There have been
Total by sector several growing fintech companies in Ecosystem in Bangladesh is valued (in thousands US dollars)
Bangladesh over the years. Since the
pandemic has inspired people into cashless
transactions, fintech companies in
Bangladesh have welcomed this opportunity
to make a meaningful and noteworthy
impact in Bangladesh.

Country Area Size 112 fintech startups in Bangladesh
92,212 km2
Opportunities for
Overall Financial Access 28% 16% Others 48%

Technology has transformed the finance industries The financial inclusion strategy by providing low-income 10% 05%
around the world. Economies like China and the U.S. groups and disadvantaged people access to financial
have massively improved their financial services by services at affordable costs. MFS transactions rose by MFS
introducing innovative financial technologies in the around 30% since last year and till March agent banking in Bangladesh
banking, financial management, and insurance has seen 108.38% year-on-year growth in deposits. At
sectors. Fintech in Bangladesh is still lagging behind present, bKash, the country’s first MFS provider, has the
in comparison with other developed nations in terms lion’s share of the market at 48%, followed by Nagad and
of using technology to automate and digitalize finan- Dutch Bangla Bank’s Rocket with 28% and 21% market
cial activities. shares, respectively. Although the fintech ecosystem in
Bangladesh has been growing — and is expected to grow
in the coming years — the country seems to be lagging
behind its global counterparts, according to the Global
Fintech Index 2021.

Bangladesh ranked 78th among 83 countries on the
index, indicating that the country is falling behind in
terms of using technology to automate and digitalize
financial activities.

The country declined 17 points in the global ranking,
released on June 23, compared to the last index.

Fintech Impact Award
Banking Solutions.

GIGA TECH is honored to be recognized as the winner of “Bangladesh
FinTech Award 2021” - Impact (category) for pioneering EKYC journey of
Bangladesh.

During this pandemic time, we have enabled 15 financial institutions to
digitally onboard 3.1 million new customers into the financial system.
Congratulations to GIGA EKYC team who have been working 24/7 over
the last 1.5 years rolling out this end-to-end MADE IN BANGLADESH
solution and service in the financial market.

Special thanks to the regulator and policymaker (Bangladesh Bank,
BFIU) with whom we had piloted and tested the solution before rolling
it out in October 2019.Bangladesh’s financial markets where stocks,
bonds, etc. are sold could see a significant transformation by leveraging
Fintech. Starting from financial advisory, domestic and international
online trading platforms to using technology to improve regulation in
stock exchanges, the potential for Fintech in Bangladesh is massive.
Wealth management, for example, has been one of the financial
services that have been disrupted in a big way by FinTech.

Corporate Office Contact us

SAM Tower (Level 7) +8809609777666
House No. 4 , Road No 22, Gulshan-1 +8809609777555
Dhaka-1212, Bangladesh [email protected]
www.gigatechltd.com
Project Office

AJ Tower, 4 Sonargaon Link Road
Karwan Bazar, Dhaka 1215
Bangladesh

+8809609777666
+8809609777555
[email protected]
www.gigatechltd.com


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