SBI Shinsei Bank,Limited will in principle consolidate account-opening applications into its app and require IC chip data to be read. The identity-verification method involving face photography is scheduled to end on 27 October, with the new process taking effect on 28 October.
SBI Shinsei Bank,Limited announced that it will in principle consolidate account-opening applications into the SBI Shinsei Bank,Limited app. From 28 October, the only method available will be to read the IC chip data on a My Number card or driver’s license.
Accordingly, the photography-based method, which involves photographing and submitting the identity-verification document and a face photo, will end on 27 October. The bank said it is responding ahead of schedule to the revised Enforcement Regulations for the Act on Prevention of Transfer of Criminal Proceeds and aims to prevent fraudulent account openings, including impersonation.
Similar moves are spreading to other banks. On 28 September, docomo SMBC Bank discontinued the method involving photographs of identity-verification documents, while Aozora Bank BANK also announced that it would consolidate its process around IC chips from 29 October onward.