Identifying Stock Investors with eID Chip-Embedded Citizen Identification Authentication Solution

Verify investor identity with eID – a fast, highly accurate chip-based ID authentication solution. Enhance security and reduce risks in online transactions, in compliance with Official Dispatch 4510/UBCK-CNTT.

The market is becoming increasingly complex alongside the explosion of technology. Ensuring cybersecurity and information protection is a top priority, especially in the securities industry. The SSC has issued an official dispatch requiring securities companies to review, verify, and standardize investor data. Starting from October 1, 2024, only online securities trading services will be provided for verified accounts.

The importance of investor identity verification

Investor identity verification involves authenticating investor information and cross-checking it against the National Population Database/electronic identification and authentication systems/chip-based Citizen ID (CCCD)... This process ensures that investors participate in securities trading transparently, helps prevent fraud, identity theft, and money laundering.

Today, most securities transactions are carried out electronically. The online environment poses many unpredictable risks. To proactively respond to this challenge, securities companies need to implement robust measures to enhance cybersecurity and risk management. This ensures transaction safety while protecting investor rights.

Investor identity verification with the chip-based eID solution

Chip-based eID authentication is a fast, highly accurate identity verification solution with absolute security. The system uses scanned information from the chip-based Citizen ID card to verify user identity. This information is then checked and compared against the National Population Database to ensure the investor’s data is accurate and legitimate.

eID can also detect and prevent 34 types of identity document fraud, including screen captures, fake ID photos, overwritten data fields, color photocopies... All data on the CCCD card is encrypted and not stored in the eID system, ensuring data integrity, preventing forgery, and minimizing risks of leakage or theft.

The chip-based eID solution can verify investor identity in just a few seconds, ensuring accuracy and security. eID has already been adopted by over 30 financial, banking, and securities organizations.

For detailed consultation on our services and solutions, please contact Hotline: 097 583 0096 or Email: [email protected]  | Website: https://ssolutions.vn