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KAL RTM used in fight against money laundering

The KAL RTM has been used in Malaysia to demonstrate electronic know-your-customer (e-KYC) technology that can be adopted by banks to help prevent money laundering.

The demonstration took place at the Malaysian Association of Money Services event where KAL’s local partner, Impromptu Solutions, developed a money remittance and foreign currency exchange demo application using K3A with KYC features to capture images of the customer.

The technology was developed in response to the Central Bank of Malaysia’s plan for an industry-wide implementation of e-KYC for remittance transactions in the country by 2018.

Read the full story here.

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