eKYC Application in Securities Account Opening

Previously, before eKYC was implemented, the traditional process of opening a securities account required investors to spend a lot of time visiting transaction offices or company branches to register and wait for confirmation. This caused many limitations for both investors and businesses. Many securities firms have begun integrating eKYC solutions into their online account opening processes to enhance service quality and streamline operations.

Similar to the process of opening a bank account, opening a securities account via eKYC is very simple. Users authenticate their ID documents and perform some facial movements as instructed so the system can verify and match them with the provided documents. These steps are fully conducted online and take only about 5 minutes.

Applying eKYC to securities account opening brings many benefits to businesses and enhances customer experience.

Since June 2022, Thien Viet Securities (TVS) has adopted SmartKYC by GMO-Z.com RUNSYSTEM in its account opening process to optimize customer experience and minimize fraud or impersonation. SmartKYC has won prestigious IT awards in Vietnam and is currently one of the leading eKYC solutions in the country, offering advanced features and being successfully implemented by various domestic and international securities organizations.

Contact us now to get 2 months of SmartKYC for free!