Karachi, March 13, 2023 (PPI-OT): The National Clearing Company of Pakistan (NCCPL) is pleased to announce yet another initiative in its commitment towards simplifying and enhancing the online account opening process for investors in the capital market. To achieve this objective, NCCPL has further streamlined the customer on boarding process.

The improvements within the existing customer on boarding process involves seamless API connectivity with the National Database and Registration Authority (NADRA) for CNIC verification and with RAAST for IBAN verification. As a result of this implementation, the generation of One-Time Passwords (OTPs) will now take few minutes as against previous time span of 2-3 hours.

NCCPL has also introduced a new mobile application, “NCC Bio Verify,” to facilitate instant biometric verification. With this application, investors can perform biometric verification using their smartphones from any location in Pakistan. The application can be conveniently downloaded from Google and apple stores for android and IOS users respectively.

NCCPL is confident that this initiative will enhance the on boarding experience for capital market investors by providing greater mobility and convenience to its valued customers. Investors can now enjoy a more efficient and streamlined account opening process, further improving Pakistan’s capital market ecosystem.

For more information, contact:
Head Office,
National Clearing Company of Pakistan Limited (NCCPL)
8th Floor, Karachi Stock Exchange Building,
Stock Exchange Road
Karachi – 74000, Pakistan
Tel: +92-21-32460811-19
Fax: +92-21-32460827
Email: info@nccpl.com.pk
Website: www.nccpl.com.pk