OCBC Bank is the first Singapore bank to roll out a digital instant account-opening service for all customers who are Singaporeans or permanent residents.
Even if somebody does not currently have any relationship with OCBC Bank, he can leverage national data repository MyInfo and – for the first time – OCBC Bank’s real-time, digital KYC process (e-KYC) to open an OCBC 360 Account using your mobile device or desktop, the bank announcend in a media release on Monday.
It all takes less than five minutes via the bank’s website, with no need to visit a bank branch or provide documents. Verification and authentication happens in real time; once this is completed, customers get a new account number within seconds of a successful application.
Extending the Service
«Instant is the new black. I believe this instant, hassle-free and secure access to our core banking products will make it hugely compelling for people to initiate and deepen their primary banking relationship with OCBC Bank. We will be extending this service to a broader suite of our products shortly,» Aditya Gupta, OCBC Bank’s Head of E-Business Singapore, said.
