Launches for instant bank account activation under the new SECP system
SECP works with banks to digitally streamline corporate account opening, boost startups and financial inclusion The Securities and Exchange Commission of Pakistan has simplified the process of opening corporate bank accounts for start-ups and newly registered companies by enabling same-day account activation through a new digital integration with partner banks. According to SECP officials, the commission has signed MoUs with Mobilink Microfinance Bank, Easypaisa Bank and Raqmi Islamic Digital Bank to launch the initiative. The move builds on the SECP’s recent introduction of a standardized format of board analysis for opening corporate accounts to ensure uniformity and simplify compliance for
