LankaBangla Finance signs agreement with ‘Barikoi’ for Digital CPV services

LankaBangla Finance Ltd (LBFL) has recently signed an agreement with Barikoi Technologies Ltd, a tech-enabled Contact Point Verification (CPV) solution that utilises location data and geographical segmentation for a convenient contact point verification service.

The agreement was signed by AKM Kamruzzaman, head of operations, FCMA of LBFL, and Md Al Amin Sarkar, managing director and CEO of Barikoi.

Digital CPV is a technology-driven solution that will enable LBFL to speed up the customer verification process and provide fast, efficient, accurate, and transparent contact point verification.

This will allow LBFL to offer its customers customized financial services and other customer due diligence (CDD) measures, including effective ongoing due diligence.

Both companies are positive about this collaboration and believe that it is a step in the right direction for the finance industry in Bangladesh. Senior officials from both organisations were present at the signing ceremony held at LBFL’s Head Office.

-Source: The Business Standard

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