Automated KYC Updates via NCCPL API Go Live: Munir Khanani Securities Pioneers Digital Transformation

Seamless KYC Information Updates via NCCPL API Now Live at Munir Khanani Securities

This marks a pivotal moment for Pakistan’s capital market: the National Clearing Company of Pakistan Ltd (NCCPL) has officially launched its API-based KYC Information Update Service. We’re thrilled to announce that Muhammad Munir Muhammad Ahmed Khanani Securities Ltd. has become the very first brokerage house to successfully implement this groundbreaking functionality, with Microlinks Pvt. Ltd. delivering the end-to-end integration as their technology partner.

To commemorate this significant achievement, a special ceremony was held on September 12, 2025, at NCCPL House. During the event, Mr. Naveed Qazi, CEO of NCCPL, presented a commemorative memento to Mr. Muhammad Munir Khanani, CEO of Munir Khanani Securities, recognizing his firm’s pioneering role as “The First Securities Broker to Automate KYC Information Updation Process.”

This innovative KYC Update API fundamentally transforms how investors manage their information. Clients can now effortlessly update a comprehensive range of details directly through their broker’s application, eliminating tedious paperwork and delays. This includes:

* Personal information: Name, gender, marital status, nationality, date of birth
* Identification data: CNIC/SNIC/NICOP, along with issue/expiry dates and lifetime flag
* Contact details: Mobile number, email address, and telephone numbers
* Address changes: Both mailing and permanent addresses, including country, province, and city
* Banking & financial facts: Bank name, IBAN, e-wallet provider/number, gross annual income, source of income, occupation, and employer details
* Document uploads: Essential documents like CNIC images and other supporting files

Ensuring both security and compliance, all updates are verified through a One-Time Password (OTP) authentication sent to the investor’s registered mobile number or email. Once verified, the data flows seamlessly and securely to NCCPL’s Central KYC Organization (CKO) for processing.

“This initiative marks a major step forward in investor convenience and regulatory alignment,” stated Mr. Naveed Qazi, CEO of NCCPL. “By digitizing KYC updates, we are reducing friction and helping investors stay compliant with ease.”

Mr. Munir Khanani, CEO of Munir Khanani Securities, added, “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.”

Mr. Shahzad Ghulam Hussain, CEO of Microlinks Pvt. Ltd., commented on their role: “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.”

This milestone powerfully demonstrates the potential of collaboration between regulators, brokers, and technology providers to simplify processes, strengthen compliance, and significantly enhance investor trust across the entire capital market ecosystem.