TAIPEI (TVBS News) — Shin Kong Life Insurance (新光人壽) launched its Financial Fast-ID (金融Fast-ID) verification service Thursday (Dec. 11). The company became the first insurance firm to serve as both a verifier and verification requester. The initiative aims to enhance safety and convenience of digital financial services for the public. The service marks a significant milestone in Taiwan's digital finance sector.
Shin Kong Life Insurance recently participated in a pilot phase of its Financial Fast-ID verification switching center and received approval to go live. The Financial Supervisory Commission (金管會) has promoted this center to facilitate interoperability among different financial institutions. The center embodies a crucial aspect of inclusive finance. The service enables seamless identity verification across multiple platforms.
Individuals can join Shin Kong Life Insurance's member area and complete Financial Fast-ID registration to verify their identity. Users can verify through Shin Kong Life when applying for services online at other insurance institutions. The company established diverse verification mechanisms, including bank cards, citizen digital certificates, mobile number verification, and internet banking verification. These options provide flexibility for different user preferences.
Shin Kong Life Insurance integrated cross-institutional digital identity verification mechanisms during the pilot project to enhance consistency and convenience. The company employed cross-institutional Financial Fast-ID verification for registering online members and resetting forgotten passwords in the initial phase. Users can complete these processes seamlessly without additional verification steps. The system streamlines multiple authentication procedures into one unified platform.