Moldova is entering the final stage of implementing eKYC, a modern electronic customer identification system
The Economic Council under the Prime Minister announced that a tender has been launched to select an IT developer for a platform that will enable electronic identity authentication. The new platform must be developed within nine months and will enable remote, secure, and fast authentication through document verification, facial recognition, and integration with databases, which will facilitate access to services without physical presence at the counter: at a bank, notary, Public Services Agency, city hall, university, doctor's office, etc. The project, initiated by the Secretariat of the Economic Council, is supported by the World Bank, the EBRD, and the UK Government's Good Governance Fund. It represents an important step in the digitalization of financial, commercial, and public services, including for Moldovans living abroad. The terms and conditions for participating in the tender are available at: https://www.tenderhub.md/ru/tender/1054. KYC (Know Your Customer) is a mandatory customer identity verification process required to prevent fraud and terrorist financing. The eKYC system digitizes and simplifies this process, reducing bureaucracy and facilitating access to digital services in various areas, thereby contributing to the development of Moldova's digital economy. The system will be used by banks, financial institutions, telecom operators, fintech companies, and other remote service providers, marking an important step towards digitalization, financial accessibility, and increasing the country's attractiveness for technology investments. Over the past two years, the legal framework for electronic identification has been adapted to European standards for the implementation of eKYC in Moldova. In particular, KYC rules, technical requirements for the system, and compatibility with government platforms have been established, and the entire process is being carried out in consultation with the private sector. // 13.06.2025 – InfoMarket.
