DNP and Toshiba Solutions Develop Application for Opening Bank Accounts Targeting Smart Phones

Dai Nippon Printing Co., Ltd.
Toshiba Solutions Corporation

Dai Nippon Printing Co., Ltd. (DNP) and Toshiba Solutions Corporation (Toshiba Solutions) have jointly developed a new application that facilitates applications to open bank accounts and the forwarding of identity verification documentation using smart phones.

Mizuho Bank, Ltd. has adopted the newly developed application, and from January 29 was the first Japanese mega-bank1 to provide it to smart phones as an application for opening individual bank accounts.

 1 DNP estimate as of January 31, 2014.

[Developmental Background]

To date, in order to open a bank account, apart from face-to-face in-store formalities, it has also been possible to forward an application form with attached identity verification documentation via the postal service. Amid the spread of smart phones, banks have expanded services targeting this medium, such as those allowing for the confirmation of balances and of deposit and withdrawal statements, bank transfers and various applications via internet banking, aiming to improve customer convenience. In answer to consumer needs for the easier opening of accounts, DNP has developed an application that prepares application form data and can also identity verification documentation using smart phones.

This application uses a cloud-based Optical Character Recognition (OCR) function produced by Toshiba Solutions to improve user convenience, by reducing input tasks.

[Overview of New Account Opening Application]

The DNP developed application takes image data, such as driving licenses photographed with a smart phone camera, and forwards these along with application form data as identity verification documentation. Data is transferred to server using SSL, and by slotting the software of DNP to detect and shut out the interpolation and tampering to the application targeting Android smart phones, DNP enhance its security. This new application also uses a cloud-based driving license OCR function provided by Toshiba Solutions. And by automatically registering the name, date of birth and address data listed on the photographed driving license in the input box, reduces input time. The cloud-based OCR function cuts out the necessary portion of the image data from that on the driving license photographed with a smart phone, reads it off on the cloud, and returns the character recognition results to the smart phone as data. Items such as name and address cannot be matched on the cloud side, and as a result, it is difficult to identify individuals, reducing the risk of personal data leaks. There is also no OCR function on the application side, and so by forwarding only the cut out portion of the image, it is possible to reduce data volume, and perform high speed, high precision processing.

[Looking Ahead]

DNP will offer similar applications to financial institutions on a broad-basis, and will support moves to increase operational efficiency from opening accounts at financial institutions to smart card personalization. Toshiba Solutions will further improve the precision of driving license OCR read offs and verification, at the same time as developing other services to be used in scenes requiring identity verification.

 

Toshiba Solutions Corporation

Head office:

Kawasaki, Kanagawa

President & CEO:

Shinzo Kawai

Paid-in capital:

23.5 billion yen

 

Dai Nippon Printing Co., Ltd.

Head office:

Shinjuku-ku, Tokyo

President & CEO:

Yoshitoshi Kitajima

Paid-in capital:

114.4 billion yen

 

* Android is a registered trademarks of Google Inc.

* Product prices, specification and service contents mentioned in this news release are current as of the date of publication. They may be changed at any time without notice.