Consumers in Turkey wanting to open a bank account remotely will be able to do so via a video-based digital onboarding system that requires them to verify their identity using an NFC-enabled ID document, according to a new regulation issued by the country’s Banking Regulation and Supervision Agency (BRSA).
The regulation — published in Turkey’s Official Gazette — lays out the criteria for a remote identification process that combines a live video call between the customer and a trained bank employee with the authentication of supporting ID documentation using NFC.
The NFC ID check will be valid as long as “the identity document used is given by the competent authority that issued the document and the information on the contactless chip of the document has not been changed” and “the keys on the contactless chip of the identity document are not created by copying”, the regulation says.
Customers will also be required to authenticate their presence during the video call with a one-time password sent by SMS.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
