Busan Bank "Non-face-to-face Financial Transactions Possible with Passport Even Without Resident Registration Card"

From the 28th (Mon), the first non-face-to-face identity verification in the financial sector using passports

[Asia Economy Reporter Park Sun-mi] BNK Busan Bank announced on the 28th that it has introduced the 'Passport Authenticity Verification Service,' which allows identity verification using passports for non-face-to-face financial transactions, in collaboration with the Ministry of Foreign Affairs, marking the first such service in the financial sector.

Identity verification is a service that compares the identification presented by a customer to a financial company with the information registered by the issuing authority to confirm its authenticity in real time. Until now, authenticity verification was only possible with resident registration cards and driver's licenses, but starting from the 28th, passports can also be used for authenticity verification.

When opening accounts or conducting financial transactions remotely, if a passport is scanned, authenticity can be verified in real time through a dedicated line established with the Korea Financial Telecommunications & Clearings Institute and the Ministry of Foreign Affairs.

A Busan Bank official stated, “We expect that the proactive introduction of the non-face-to-face passport authenticity verification service will enhance the convenience of remote financial transactions,” and added, “We will continue to provide customers with convenient and secure non-face-to-face financial services to increase user satisfaction.”

This content was produced with the assistance of AI translation services.