Woodstock Co., Ltd. (Minato-ku, Tokyo; CEO: Brian J. Yun), operator of the US stock investment app 'Woodstock,' became the first in the Japanese securities industry to support account opening using My Number cards stored on smartphones in October 2025 (currently excluding Android devices). Four months after introducing the method that reads the 'digital certificate for smartphones,' the company has released statistical data showing significant improvements in user convenience.
### Significant Improvement in ID Verification Completion Rates Woodstock provides both smartphone-based My Number card verification and traditional Public Personal Identification Service (JPKI) via facial photo capture. An analysis of data from the past 30 days revealed a dramatic increase in convenience for the method utilizing electronic records stored on smartphones.
**Comparison Metrics:** - **ID Verification Completion Rate:** +70% improvement for the smartphone-integrated method compared to the traditional facial photo JPKI method (base value). - **Median Processing Time:** 2 minutes and 40 seconds for the smartphone-integrated method, versus 5 minutes and 50 seconds for the traditional method.
These results indicate that the friction associated with traditional identity verification has been significantly reduced, allowing for a smoother onboarding experience for investors.
FACT BOX
- Source: PR TIMES
- Category: New Product