Verifying your identity with a selfie is crucial in opening your NALA account. This helps to protect your account and personal information. By matching your selfie with the ID you provided, we can confirm that you are the account's true owner and it is being opened with your consent.
As a financially regulated company, we are required by law to follow 'Know Your Customer' (KYC) and 'Customer Due Diligence' (CDD) regulations, which help prevent fraudulent activities, such as money laundering, and ensure the safety of our customers' funds.
Unlike traditional banks, where you would visit the bank physically to verify your identity, NALA offers digital banking services. Thus, we need to verify your ID digitally for a fast, secure, and convenient process.
What if I can't take the selfie?
We need the selfie to verify your identity. So if you can't take the selfie on your own device, you won't be able to open a NALA account.