In addition to launching the interbank instant payment system early next year, Zhanat Kurmanov also reported about the National Bank’s plan to introduce online insurance in 2019.
According to the deputy head of the National Bank of Kazakhstan, the introduction of this project will entail a reduction in the cost of insurance services, as well as the geographical availability of insurance services for residents of remote regions with no insurance company office or agent.
“Online insurance involves the complete abolition of paper insurance policy. The population can conclude compulsory insurance contracts in electronic form through the internet resources of insurance companies with no intermediary involvement”, Z. Kurmanov said.
He also said that the launch of a pilot project to identify consumers of financial services by their biometric parameters is planned for Q1 2019.
“The introduction of a remote client identification mechanism will allow citizens, including those living in remote regions, regardless of geographic location, to receive financial services remotely using any equipment - smartphones, tablets, or computers. This solution is necessary to remotely obtain demanded financial services, such as opening a bank account, payment card, or receiving a loan via the Internet,” Z. Kurmanov explained.
Today, according to him, together with the Ministries of Internal Affairs, Justice, and Information and Communications, issues of online customer identification using biometric indicators (facial and voice recognition) and information from state databases are being worked out.
Z. Kurmanov in his speech also touched upon the issues of protecting information and financial infrastructure from cyber threats.
“The National Bank of Kazakhstan is developing systematic measures to effectively counter cyber-attacks and fraud in the digital environment. These are measures to create a Competence Center of the National Bank, an operational center for ensuring cyber-security in the financial sector, a cyber-security incident response service. The work to form a system for exchanging data with banks about information security incidents, including information on violations and failures in information systems; on the criteria for identifying vulnerabilities and threats and the availability of information security is also being carried out,” Z. Kurmanov said.
Source: The press service of the National Bank of Kazakhstan
Photos: kazpravda.kz, zakon.kz