BRAC Bank MCPV is a mobile application that completes the verification process through further authentication. Bank has benefited with more authentic verification report by capturing image of all addresses. MCPV APP has digitalized CPV process and initiate paperless verification process. This APP minimized documental risk and increased process efficiency. Customer contact point verification through MCPV system initiated to make the process faster. Better control and compliance will be ensured through effective risk management mechanisms has been confirmed by MCPV APP. This application is secure and verification report has stored for 5 years as per BB instruction. MCPV APP has reduced TAT and minimize cost of the bank.
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