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ARV and Krungthai sign an MOU to pilot ASEAN's first National Corporate Identification (NCID) platform, digitizing the Corporate KYC process for bank account opening

BANGKOK, July 22, 2022 /PRNewswire/ AI and Robotics Ventures (ARV), a leading developer, service provider, and venture builder of AI and Robotics technologies and a subsidiary of PTT Exploration and Production Public Company Limited (PTTEP),partners with Krungthai Bank Public Company Limited, Thailand's leading financial institution, by signing an MOU to pilot ASEAN's first National Corporate Identification (NCID) platform; a transformational solution that achieves an end to end Digital Identification for Corporates accessing any Financial service. NCID transforms the conventional know-your-customer (KYC) process between Corporates and financial institutions, by digitizing an otherwise paper-intensive and laborious process into one which is fast, efficient, transparent, and secure. A more efficient system of KYC unlocks new business opportunities for Financial Institutions and Corporates. NCID platform solves this problem of complex Corporate KYC process by leveraging the con ....

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