Barriers of Digital Banking

As Resalat Qard Al-Hasan Bank is the first branch-free bank all throughout the world of Islam, one of the major concerns borne by this Bank is elimination of infrastructural and legal barriers aimed at promotion of digital banking and facilitation of this route in banking system. According to field studies carried out in Resalat Qard Al-Hasan Bank, the most important barrier to develop digital banking is state infrastructural and legal obstacles in the field of digital banking. Amongst these, legal vacuums for online identity verifications, e-signatures, and online commercial deeds are more conspicuous. Furthermore, elimination of infrastructural and legal barriers intended to digitalize all banking processes in Resalat Qard Al-Hasan Bank is of paramount importance for which practical solutions appear to be required.

The Challenge: Solutions to accelerate the process of digitalization of Resalat Qard Al-Hasan Bank processes, including in-person authentication, electronic signature, etc.