Effective April 7, 2023, Saxo Bank Securities Co., Ltd., the Japanese subsidiary of multi-asset investment specialist Saxo Bank, introduced “TRUSTDOCK,” an online identity verification service provided by TRUSTDOCK Co., Ltd.
By smoothly performing identity verification online when opening a new account, it is possible to open an account within as little as two business days from the date of application.
In the past, account opening was completed by sending the account opening documents by mail, so it took time from application reception to completion. In order to meet the needs of people who want to open an account more quickly, Saxo has introduced an identity verification service that can be completed online.
TRUSTDOCK Co., Ltd. solves the problem of “online customer verification” when digitizing transactions and procedures. From financial institutions to general business companies, the company is developing RegTech/SupTech services that provide “TRUSTDOCK,” a service that solves the problems of identity verification in all businesses, and identity verification API infrastructure.
Earlier this year, Saxo Japan unveiled its plans to introduce a new authentication process using trusted device registration.
With Saxo’s new two-factor authentication requirements, traders can only log in from devices they have chosen to trust; otherwise, they will verify each login with an SMS code.
A trusted device is a computer, tablet, phone, or browser that you verify as safe in order to skip additional verification steps for future logins with the same device.
The new two-factor authentication with trusted devices replaces any previously used two-factor authentication, such as third-party authenticators.
