Bankers Association of Botswana (BAB) has recently launched an electronic Know-Your Customer (eKYC).
This is a system which provides commercial banks with online instant verification of identity card against the national database.
The application is a collaborative effort between the Association, Bank of Botswana (BoB), Financial Intelligence Agency (FIA) and the Ministry of Immigration, Nationality and Gender Affairs.
Speaking during the launch, Minister of Finance and Economic Development, Dr. Thapelo Matsheka said from a systemic and regulatory perspective, the eKYC Interface stands out as a vital pillar in ensuring that banks adhere to the structures of Know-Your-Customer (KYC) compliance, which is a critical component of an effective national Anti-Money Laundering (AML) regime.
ABSA MD reflects on two years in office
It is almost two years since Keabetswe Pheko-Moshagane made history, becoming the first Motswana woman to lead Absa Bank Botswana (Barclays Bank Botswana at the time of her appointment).
In this interview with Voice Money’s
KABELO ADAMSON, the Absa Botswana Managing Director (MD) – a position Pheko-Moshagane has held since April 2019 – reflects on her past, present and future.
Describing her journey as ‘incredible’, it is one she hopes will inspire young Batswana, especially women, to aim for the stars.
It’s approaching two years since your appointment at Absa Bank Botswana MD. Kindly reflect on the journey so far.