MUFG Bank has begun using JPKI for identity verification in its online account-opening app, anticipating a full transition ahead of legal amendments. Improving the customer experience and reducing operating costs are also cited as objectives.
MUFG Bank has begun using JPKI for identity verification in its online account-opening app. This is driving a shift from conventional identity verification methods towards operations centred on public authentication.
The move is said to be based on legal amendments scheduled for 2027, and is described as potentially representing a major turning point in identity verification by financial institutions. The stated aim is to grow the method to the point where it accounts for a majority of cases chosen by users.
The bank says the initiative will also improve the customer experience and reduce operating costs, positioning it as an effort to enhance the convenience of digital account opening.