Kazakhstan introduces new rules for online loan approvals
The resolution amends existing regulations on banking activity, specifically tightening the requirements for verifying bank clients when establishing remote (online) business relationships.
Under the new rules, financial institutions will be allowed to identify and authenticate clients using one or a combination of the following methods:
Electronic digital signature (EDS)
Biometric data
Bank card details (number, expiration date, payment system) — if the client was previously identified in person and the card was issued by a bank or national postal operator with an active agreement
Cross-checks with government databases
A unique client identifier that has been pre-established and agreed upon
"The use of one or several of these identification and authentication methods is allowed," the resolution states.
The new rules will come into force 10 calendar days after their initial official publication — that is, on July 20.
Biometric data refers to a person’s unique physical characteristics that can be used for identification. In the context of financial and government services, commonly used data include fingerprints, facial recognition, and voice recognition.
These measures are especially important for ensuring secure identity verification in remote services.