As a financial person, do you know the process of opening an account?

As a financial person, do you know the process of opening an account?

I. Background

Why should I approve the account?

Friends who have watched the TV series in the name of people should still remember a plot in the drama: In the early days, Cai successfully opened a Minsheng Bank Card with a copy of Hou Liangping's ID card and transferred 40W RMB into it. Later, Cai successfully reported Hou Liangping, and one of the evidences was the transfer record of 40W RMB in Minsheng Bank Card. Hou Liangping was therefore punished and investigated. If it weren't for someone up there, his career would be over. From this example, we can already see the importance of the bank account approver.

Let me first talk about the reasons why bank accounts need to be approved:

A. Regulatory requirements

Financial institutions must follow the principle of "know your customer". If you don't even know whether the bank account is opened with an ID card, how can you know your customers?

This is enough, don't look at the others, you must check people.

B. Prevention of money laundering

Criminals can conduct money laundering activities by opening a large number of accounts.

C. Ensure the health of assets and guard against toxic assets

After some people who do not meet the requirements for opening an account, if the assets are toxic, it will be a time bomb for financial institutions.

D. Prevention of financial fraud

Criminals cheat by opening some illegal accounts.

So opening an account is a necessary step. So what account opening methods are there in the market at present? To sum up, there are three main ways to open an account.

Two. Existing account opening and approval methods

1, counter account opening approver

The process is roughly as follows:

Let's talk about the advantages and disadvantages of anti-artificial nuclear:

superiority

Needless to say, this is the most standard nuclear law at present, and it is also the most recognized nuclear law for supervision. The error rate is very low (note that the teller is serious and responsible and operates according to the formal system and process).

disadvantaged

A. It takes time and energy for customers to go to the counter in person.

B. Banks need to open local branches, which is very expensive.

C nuclear personnel are controlled by people and need to rely on supporting management systems.

2. Photo verification process

At present, it is widely used in the process of opening accounts in direct selling banks and real-name authentication of payment institutions.

Here is a brief introduction to why direct selling banks use this account opening process. The core market value of direct selling banks is (at least for now, there may be new ways to play after development and innovation). The bank has not set up bank outlets in local cities. By opening direct bank accounts for customers, they can also provide financial services to customers, greatly expanding the customer base of these banks. So, of course, it is impossible to manually check people at the counter.

The process is roughly as follows:

superiority

1, convenient and quick, open an account first, then check people, open an account as soon as possible, and absorb customers to the maximum extent.

2. Realize 7*24 hours account opening (prerequisite: online verification needs to be able to support 7*24 hours. )

disadvantaged

A. it is not a real-time nuclear person.

Most of the existing banks' practices are that after opening an account, before the audit, the account is in normal operation during this period, that is, there is a gap period in the audit.

B. there are regulatory risks.

There is no document showing that this nuclear method is in compliance with regulations. If the account cannot be operated before the audit, it may be closer to the regulatory requirements (but the account opening time is greatly prolonged, which is not conducive to obtaining customers. At present, everyone's practice is to play the edge ball)

3, video core process

At present, securities account opening has been widely used.

The process is roughly as follows:

superiority

A. Real-time verification without subsequent review process.

B. Manual inspection is close to the counter, which makes it easier to meet the regulatory requirements.

disadvantaged

A. Regulatory risks

The regulatory rules for this piece have not been issued, and there is no specific attitude of the regulatory authorities at present.

B. High cost

Need to recruit specialized customer service personnel.

Need to develop a background system for customer service personnel video verification.

C. when there are many people opening accounts at the same time, you need to queue up.

When the number of online customer service staff is less than the number of accounts opened at the same time, you need to queue up.

D. 7*24 hours is not supported.

Working days are generally supported until 8 pm, and services are generally provided on weekends.

E. Requirements for the surrounding environment

It is best to have a quiet and undisturbed environment, which is convenient for voice calls, good light and convenient for video.

F. Consumption of user network traffic

Video will consume more traffic.

Third, what nuclear methods can be used in the future?

The foregoing are some nuclear laws currently on the market. Then we can think about what nuclear methods we can have in the future.

1, face recognition

Prerequisite for widespread use: the verified face image has been saved in the database and can be provided to users at low cost.

2. Fingerprint identification

The prerequisite for widespread use: the verified fingerprint information has been saved in the database and can be provided to users for retrieval at low cost.

3. Face recognition+fingerprint recognition

At present, this method has been used in entry-exit nuclear personnel, which shows that the accuracy of this method is very high.

Prerequisite for widespread use: the verified face image and fingerprint information have been saved in the database and can be provided to users at low cost.

To sum up, the above are some discussions on the account opening process, and each has its own advantages and disadvantages. Financial institutions (not limited to finance, but also refer to other non-financial businesses if auditing is needed) can adopt their own auditing methods after comparison.