In a landmark development for Pakistan’s capital market, the National Clearing Company of Pakistan Ltd (NCCPL) has launched its API-based KYC Information Update Service. Muhammad Munir Muhammad Ahmed Khanani Securities Ltd. became the first brokerage house to implement this functionality. The end-to-end integration was successfully delivered by Microlinks Pvt. Ltd., serving as the technology partner in this initiative.
Recognition Ceremony at NCCPL House
To mark this achievement, a ceremony was held on 12th September 2025 at NCCPL House. Mr. Naveed Qazi, CEO of NCCPL, presented a commemorative memento to Mr. Muhammad Munir Khanani, CEO of Munir Khanani Securities. He was recognized as “The First Securities Broker to Automate KYC Information Updation Process.”
Key Features of the KYC Update API
This new API empowers investors to update a wide range of personal and financial details directly through their broker’s application. The information categories include:
- Personal information: Name, gender, marital status, nationality, date of birth
- Identification data: CNIC/SNIC/NICOP, issue/expiry dates, lifetime flag
- Contact details: Mobile number, email, and telephone numbers
- Address changes: Mailing and permanent (country, province, city)
- Banking & financial facts: Bank name, IBAN, e-wallet provider/number, gross income, source of income, occupation, employer details
- Document uploads: CNIC images and other supporting files
Verification is performed through OTP authentication on mobile or email, ensuring both compliance and security. Once verified, the data flows seamlessly to NCCPL’s Central KYC Organization (CKO).
Voices from Industry Leaders
Mr. Naveed Qazi, CEO of NCCPL, emphasized:
“This initiative marks a major step forward in investor convenience and regulatory alignment. By digitizing KYC updates, we are reducing friction and helping investors stay compliant with ease.”
Mr. Munir Khanani, CEO of Munir Khanani Securities, shared:
“Our clients can now update KYC records in real time without paperwork or delays. This makes their trading experience smoother, faster, and fully compliant. We are proud to be the first mover on this functionality.”
Mr. Shahzad Ghulam Hussain, CEO of Microlinks Pvt. Ltd., added:
“As the technology partner, Microlinks is proud to enable seamless integration of NCCPL’s KYC Update API. This reflects our commitment to driving digital transformation in Pakistan’s capital markets.”
Strengthening Investor Confidence
This milestone highlights the power of collaboration between regulators, brokers, and technology providers. By simplifying processes, ensuring compliance, and enhancing transparency, the initiative strengthens investor trust and contributes to the growth of Pakistan’s capital market ecosystem.
