Kathmandu. Kumari Bank has bagged the highest Platinum Award for Business Model Innovation by Infosys Finacle Innovations, an internationally renowned Infosys Finacle Innovation.

The award was presented to the bank for its outstanding initiative related to KYC workflow compliance.

Organized annually by Infosys Finnacle, the award program recognizes outstanding innovation and transformation practices by banks and financial institutions around the world.

Kumari Bank received Platinum Award this year for the outstanding performance of its KYC workflow compliance system from which more than 500 applications were received in 9 categories.

The system has made the customer identification process quicker, safer, and more effective, as well as helped to comply strictly with regulatory standards. It has also contributed to making the service delivery more transparent and trustworthy through the use of digital technology.

With this international recognition, Kumari Bank is confirming its commitment to provide safe, reliable and customer-centric banking services through innovations,” the bank said in a statement. ’