What is the main achievement of Woodstock's new system?

Woodstock has successfully implemented a smartphone My Number Card-based account opening process, which is a first in the Japanese securities industry. This new method has led to a 70% improvement in identity verification completion rates and significantly reduced the time required for users.

Which devices are supported by the new My Number Card account opening feature?

The feature is currently available for smartphone My Number Card account opening, but it excludes Android devices at this time.

How does the new My Number Card method compare to the traditional JPKI method?

The new smartphone My Number Card method offers a 70% improvement in identity verification completion rate and takes a median time of 2 minutes and 40 seconds. The traditional JPKI method (facial photo capture) has a baseline completion rate and takes a median time of 5 minutes and 50 seconds.

What is the 'card-substitute electronic record' mentioned in the article?

This refers to the technology that allows the smartphone to read the necessary information from the My Number Card digitally, eliminating the need for physical card submission in many cases and streamlining the verification process.

AI News NQ Analysis

Securities Industry's First Smartphone My Number Card Account Opening Implementation Achieves Results

NQ Score 50/100

AI Summary (NQ-processed)

Woodstock achieves a 70% improvement in identity verification completion rate with the introduction of the securities industry's first smartphone My Number Card account opening.

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Frequently Asked Questions

Q: What is the main achievement of Woodstock's new system?: A: Woodstock has successfully implemented a smartphone My Number Card-based account opening process, which is a first in the Japanese securities industry. This new method has led to a 70% improvement in identity verification completion rates and significantly reduced the time required for users.
Q: Which devices are supported by the new My Number Card account opening feature?: A: The feature is currently available for smartphone My Number Card account opening, but it excludes Android devices at this time.
Q: How does the new My Number Card method compare to the traditional JPKI method?: A: The new smartphone My Number Card method offers a 70% improvement in identity verification completion rate and takes a median time of 2 minutes and 40 seconds. The traditional JPKI method (facial photo capture) has a baseline completion rate and takes a median time of 5 minutes and 50 seconds.
Q: What is the 'card-substitute electronic record' mentioned in the article?: A: This refers to the technology that allows the smartphone to read the necessary information from the My Number Card digitally, eliminating the need for physical card submission in many cases and streamlining the verification process.