What is a Digital Financial Identity (DFI)? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What is a Digital Financial Identity (DFI)?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

It is a framework that enables digital verification of a customer's financial identity and its use in identifying, verifying, and approving services and transactions in accordance with CBE regulations.

Its benefit is that it reduces reliance on paper and physical branches, but its actual use varies depending on the bank's implementation.

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