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Banks welcome use of MyInfo authentication service

Thursday, May 4, 2017 - 05:50

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Prospective customers of the four banks who have registered profiles on myinfo.gov.sg will be able to open bank accounts in a jiffy, without supporting documents. For the banks, it means receiving accurate information and more efficiency.

Singapore

THE four banks which will use the government's MyInfo authentication service applaud the idea, saying the convenience frees them to develop more digital products and lowers their cost of customer acquisition as well.

Starting progressively from Wednesday, prospective

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