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Bangkok Bank joins the digital identity verification trial and invites customers to open an e-Savings account
Bangkok Bank joins the digital identity verification trial and invites customers to open an e-Savings account
Bangkok Bank has joined the Bank of Thailand’s Regulatory Sandbox project to test the National Digital ID (NDID) identity verification system and invites new customers to open an e-Savings account. The Bank will speed up its customer behavior study and is confident to expand the service nationwide very soon if it gets a green light from the Bank of Thailand. This will help to boost the Bank’s mobile banking user numbers.
Bangkok Bank Executive Vice President Prassanee Ouiyamaphan said Bangkok Bank is conducting the test with customers who open e-Savings accounts via the Bank’s digital channels. The new savings account can be opened without a passbook and doesn’t require a minimum deposit. Customers using this type of account will not be charged fees for funds transfers, top-ups, payments and inter-region transactions via Bualuang mBanking. Customers will be able to easily open an account by themselves using the Bualuang mBanking application after the Bank of Thailand approves the Bank to exit the Regulatory Sandbox.
The Bank is using electronic “Know Your Customer” (eKYC) processes for customers opening new e-Savings accounts. Facial Recognition technology will increase security and further strengthen the Bank’s approach to data governance and personal data protection.
In the early stages of the test, customers can open an e-Savings account via mobile phone by first verifying their identity at NDID system at the Bangkok Bank Head Office in Silom. Applicants must be a new customer to be eligible for the account. The Bank is preparing staff to provide guidance and facilitate the application process to ensure that customers receive a good experience during the test. The Sandbox also provides an opportunity for the Bank to identify issues and understand customers’ needs, which will ensure the Bank can provide excellent service to the public once the Sandbox is concluded.
“Our main target customers are “digital natives”, younger generations who are very comfortable with financial applications. The Bank is confident that this project will boost the growth of our mobile banking users to 10 million by the end of this year and 13 million in 2021. It will also help the Bank to be able to provide other financial services, such as digital lending, which the Bank initiates partnership with business partners in many industries by using digital technology”, Mrs. Prassanee said.
New customers can apply for e-Savings account via digital channel to experience something new, and join in building the country’s digital financial ecosystem. New customers can apply for the service at the Bangkok Bank Head Office in Silom on working days, Monday-Friday from 8.00 a.m. to 4.00 p.m. For more information, please call Bualuang Phone 1333.
Bangkok Bank Executive Vice President Prassanee Ouiyamaphan said Bangkok Bank is conducting the test with customers who open e-Savings accounts via the Bank’s digital channels. The new savings account can be opened without a passbook and doesn’t require a minimum deposit. Customers using this type of account will not be charged fees for funds transfers, top-ups, payments and inter-region transactions via Bualuang mBanking. Customers will be able to easily open an account by themselves using the Bualuang mBanking application after the Bank of Thailand approves the Bank to exit the Regulatory Sandbox.
The Bank is using electronic “Know Your Customer” (eKYC) processes for customers opening new e-Savings accounts. Facial Recognition technology will increase security and further strengthen the Bank’s approach to data governance and personal data protection.
In the early stages of the test, customers can open an e-Savings account via mobile phone by first verifying their identity at NDID system at the Bangkok Bank Head Office in Silom. Applicants must be a new customer to be eligible for the account. The Bank is preparing staff to provide guidance and facilitate the application process to ensure that customers receive a good experience during the test. The Sandbox also provides an opportunity for the Bank to identify issues and understand customers’ needs, which will ensure the Bank can provide excellent service to the public once the Sandbox is concluded.
“Our main target customers are “digital natives”, younger generations who are very comfortable with financial applications. The Bank is confident that this project will boost the growth of our mobile banking users to 10 million by the end of this year and 13 million in 2021. It will also help the Bank to be able to provide other financial services, such as digital lending, which the Bank initiates partnership with business partners in many industries by using digital technology”, Mrs. Prassanee said.
New customers can apply for e-Savings account via digital channel to experience something new, and join in building the country’s digital financial ecosystem. New customers can apply for the service at the Bangkok Bank Head Office in Silom on working days, Monday-Friday from 8.00 a.m. to 4.00 p.m. For more information, please call Bualuang Phone 1333.
bangkokbank:assets/news/news-category/2020
February 06, 2020
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