#Japan #Tokyo #Saxo Bank #D-Confia #Online Verification

Saxo Bank Securities Unveils Innovative Online Identity Verification

In a significant move to enhance customer experience, Saxo Bank Securities, a subsidiary of Saxo Bank A/S, has announced the introduction of a new online identity verification service named "D-Confia." Starting May 1, 2025, clients looking to open new accounts can complete the verification process online quickly and efficiently, cutting down the account opening time to as little as 30 minutes from application.

Saxo Bank Securities has consistently been a leader in online trading, focusing on the development and integration of cutting-edge technology in its operations. To meet the increasing demand for rapid account openings, the firm has partnered with Double Standard, the provider of the D-Confia service. This innovative service is designed to simplify the identity verification process, making it faster and more seamless than ever before.

The newly introduced D-Confia service includes two main components: a public personal authentication service and a facial recognition verification feature. The incorporation of a public personal authentication service transforms the customer experience by providing an additional verification option that was previously unavailable.

Public Personal Authentication Service

This service leverages the electronic certificate stored in the IC chip of the My Number Card, ensuring robust identity verification and preventing identity theft and fraud. Applicants can complete their account opening process rapidly, as there is no need to take physical photos of their identification documents.

Facial Recognition Verification Service

Through this feature, users can verify their identities by taking a selfie or a short video alongside their identification documents. This method ensures that the individual’s appearance matches the identification provided, safeguarding against fraudulent activities.

Details on the "D-Confia" Online Identity Verification Service

D-Confia allows for the complete online execution of necessary identity verification during account creation or registration. Users can either take pictures of their identification documents or utilize the IC chip reading function for verification. The service incorporates various features to support back-office operations, including AI OCR functionality, facial recognition, automatic review processes, and automatic masking functions. Additionally, the IC chip reading allows for the retrieval of stored information and accommodates public personal authentication.

About Saxo Bank A/S

Founded in 1992, Saxo Bank A/S is an online bank headquartered in Copenhagen, Denmark. The Saxo Bank Group, which includes Saxo Bank A/S, operates under strict financial regulations and provides services to clients in over 170 countries, under the supervision of authorities in 15 jurisdictions, including Europe, the Middle East, and Asia. With a strong balance sheet, the company has maintained a stable financial profile, reporting total customer assets exceeding around 853 billion Danish Krone (approximately 18 trillion Japanese Yen) by the end of 2024.

About Saxo Bank Securities

Established in 2006, Saxo Bank Securities is a wholly-owned subsidiary of Saxo Bank A/S, licensed by the Financial Services Agency of Japan as an online securities firm. It offers more than 150 currency pairs in foreign exchange margin trading, alongside over 8,500 CFD products and more than 11,000 foreign stocks from various countries, including the United States, Europe, and China. The firm provides a diverse range of investment options, maintaining competitive trading fees—especially notable is the zero-commission structure for CFD trades and industry-low fees for U.S. stock trading ranging from 0.033% to 0.088%.

To explore more about Saxo Bank Securities, visit their official website.

Note: Saxo Bank Securities operates under the authority of the Kanto Local Finance Bureau and is a member of various associations, including the Japan Securities Dealers Association and the Financial Futures Association of Japan.

It is vital to acknowledge that the products offered are subject to specific fees and expenses, and there is a risk of loss due to price fluctuations. For comprehensive details, please refer to the transaction explanation documents provided by Saxo Bank Securities.