Lloyds Banking Group has launched a new service which will enable customers to upload identification documents for online account opening using a camera enabled computer, mobile or tablet.
The service will offer real time feedback to customers regarding the readability and suitability of their documentation.
Go deeper with GlobalData
The service is expected to be made available to all savings and credit card customers of Lloyds Bank, Halifax and Bank of Scotland by the middle of this year.
Group director, digital, Miguel-Ángel Rodríguez-Sola remarked, "The industry wide Current Account Switch Service has already demonstrated a positive effect on switching in UK banking, and we believe this use of digital electronic identification technology can have an additional beneficial impact. Hundreds of thousands of customers will receive a smoother, speedier and more convenient experience in opening their accounts with us using the new service."
The new electronic identification and verification checks is scheduled to be rolled out to customers from next week, and will start with those seeking to add an additional party to an existing account.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
