Application of eKYC in opening securities accounts

Mar 21, 2023

Not only being popularly applied in banking institutions, eKYC is also becoming a trend to be applied by many securities institutions.

Previously, in the traditional securities account opening process, investors had to spend a lot of time going to the transaction offices and branches of the company to register to open a securities account and wait for confirmation. This causes a lot of limitations for both investors and businesses. Many securities institutions have started to apply eKYC solutions to the online account opening process in order to improve service quality and optimize operational processes.
Similar to the process of opening a bank account, opening a securities account using eKYC is very simple. Users will verify identity documents and perform a few actions such as performing facial movements as required for the system to check and compare, as well as compare real people with identification documents. These operations are done completely online and only take about 5 minutes.
The eKYC application in opening securities accounts brings many benefits to businesses and improves customer experience

Since June 2022, Thien Viet Securities (TVS) has started applying SmartKYC of RUNSYSTEM into the securities account opening process to optimize customer experience and limit fraudulent behavior. , Impersonation.

“0” role=”link” href=”; received prestigious IT awards in Vietnam. Currently, SmartKYC is one of the leading electronic identification solutions in Vietnam with many preeminent features, successfully applied and deployed in the process of domestic and foreign securities organizations.
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