Mizuho Financial Group is considering discontinuing identity verification using driver's licenses, while Resona Holdings and Aozora Bank are also reportedly planning similar measures.
Mizuho Financial Group has reportedly announced plans to discontinue the method of verifying identity at account opening using a copy of a driver's license.
Resona Holdings and one other bank, Aozora Bank, have also reportedly been considering discontinuing identity verification using driver's licenses.
The move has been reported as part of a review of identity verification methods in banking operations, amid concerns about information leaks. Attention is focused on the specific procedures to be adopted and the timing of introducing alternative methods.
The banks are reportedly considering alternatives to storing and matching driver's-license images, taking into account regulatory requirements and the handling of customer data. Formal decisions and the announcement of implementation dates are expected to be the next focus.