{"id":469237,"date":"2025-03-26T03:37:12","date_gmt":"2025-03-25T22:37:12","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=469237"},"modified":"2025-03-26T03:37:12","modified_gmt":"2025-03-25T22:37:12","slug":"secp-launches-same-day-account-opening-initiative-for-corporates","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/secp-launches-same-day-account-opening-initiative-for-corporates\/","title":{"rendered":"SECP Launches Same-Day Account Opening Initiative for Corporates"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nThe Securities and Exchange Commission of Pakistan (SECP) has developed a concept paper in consultation with the Central Depository Company (CDC) to enhance the eZfile portal for same-day corporate bank account opening. The key features of the concept paper include integrating regulatory, technological, and digital procedures with banking systems to streamline the process, eliminate redundancies, and improve efficiency. This integration aims to enhance the ease of doing business, promote financial inclusion, and support economic growth by providing newly established companies with immediate access to banking services.<br \/>\nThe eZfile portal will introduce a \u201cCorporate Account Opening\u201d section, enabling companies to set up bank accounts during registration by submitting additional documents. Verified data will be shared with selected banks for a seamless, standardized, same-day account opening process. A push-based mechanism will ensure real-time data exchange, while API integration with banks, centralized KYC, e-alerts for activation, and provisions for provisional accounts will enhance efficiency and compliance. The RAAST platform may also be leveraged to streamline transaction processing.<br \/>\nAccording to the concept paper, this feature aims to create a more efficient, one-stop solution for company incorporation and corporate banking. The new feature will ensure that businesses can complete the necessary steps for account opening without unnecessary delays or confusion.<br \/>\nThe concept paper on enhancing the eZfile portal for same-day corporate bank account opening has been placed on SECP\u2019s website to seek public comments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD The Securities and Exchange Commission of Pakistan (SECP) has developed a concept paper in consultation with the Central Depository Company (CDC) to enhance the eZfile portal for same-day corporate bank account opening. The key features of the concept paper include integrating regulatory, technological, and digital procedures with banking systems to streamline the process, eliminate [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-469237","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SECP Launches Same-Day Account Opening Initiative for Corporates<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/secp-launches-same-day-account-opening-initiative-for-corporates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SECP Launches Same-Day Account Opening Initiative for Corporates\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD The Securities and Exchange Commission of Pakistan (SECP) has developed a concept paper in consultation with the Central Depository Company (CDC) to enhance the eZfile portal for same-day corporate bank account opening. 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