The National Clearing Company of Pakistan Limited (NCCPL) has introduced its API-based KYC Information Update Service, marking a significant advancement in Pakistan’s capital market infrastructure. Muhammad Munir Muhammad Ahmed Khanani Securities Limited has become the first brokerage house to deploy the new functionality, with Microlinks Pvt. Ltd. providing the technology integration.
The initiative was formally recognized at a ceremony held on September 12, 2025, at NCCPL House. During the event, NCCPL Chief Executive Officer Naveed Qazi presented a commemorative memento to Muhammad Munir Khanani, Chief Executive Officer of Munir Khanani Securities. The recognition highlighted his leadership role as the first securities broker to automate the KYC information update process in the local market.
The newly launched API enables investors to update a comprehensive set of details directly through their broker’s application. This includes personal and identification information such as name, gender, marital status, nationality, date of birth, CNIC or NICOP details, issue and expiry dates, and lifetime flags. Contact details including mobile number, email address, and telephone numbers can also be updated.
Address modifications—both mailing and permanent—are supported at the country, province, and city levels. The service also extends to financial information such as bank names, IBAN numbers, e-wallet details, gross annual income, sources of income, and occupation or employer data. To complete the process, investors may upload CNIC images and other supporting documents.
For security and compliance, verification is carried out through one-time password authentication via mobile or email. Once the verification is complete, the updated information is transmitted directly to NCCPL’s Central KYC Organization (CKO) for processing.
Commenting on the development, NCCPL CEO Naveed Qazi said the service is designed to streamline investor interactions with the market while strengthening compliance practices. “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,” he stated.
Munir Khanani, CEO of Munir Khanani Securities, emphasized the value for clients, noting that the real-time update functionality eliminates paperwork and delays. “Our clients now have the ability to keep their KYC records updated 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 important functionality,” he said.
Shahzad Ghulam Hussain, CEO of Microlinks Pvt. Ltd., the technology partner behind the integration, said the initiative reflects a strong commitment to advancing digital transformation within Pakistan’s capital markets. “As the technology partner, Microlinks is proud to enable seamless integration of NCCPL’s KYC Update API into broker platforms. This innovation reflects our commitment to driving digital transformation in Pakistan’s capital markets,” he noted.
The launch illustrates how collaboration between regulators, brokers, and technology partners can simplify market operations, strengthen compliance frameworks, and improve investor confidence in Pakistan’s financial ecosystem.
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