Woodstock Reports Success as First in Securities Industry to Launch Smartphone-Based My Number Card Account Opening
Woodstock Co., Ltd., operator of a US stock investment app, released data on its industry-first smartphone My Number card integration. The new method improved ID verification completion rates by 70% and halved processing times.
📋 Article Processing Timeline
- 📰 Published: March 31, 2026 at 16:00
- 🔍 Collected: March 31, 2026 at 09:01
- 🤖 AI Analyzed: April 24, 2026 at 05:52 (572h 50m after Collected)
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.
### 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.