Securities Industry's First Smartphone My Number Card Account Opening Implementation Achieves Results
Woodstock achieves a 70% improvement in identity verification completion rate with the introduction of the securities industry's first smartphone My Number Card account opening.
📋 Article Processing Timeline
- 📰 Published: March 31, 2026 at 16:00
- 🔍 Collected: March 31, 2026 at 09:01
- 🤖 AI Analyzed: April 16, 2026 at 10:05 (385h 3m after Collected)
Woodstock Inc. (Minato-ku, Tokyo, CEO: Brian Jaehyun Yoon), which operates the US stock investment app "Woodstock" (https://woodstock.co/), has introduced account opening using a smartphone My Number Card, a first in the securities industry in Japan (*1), in October 2025 (excluding Android devices). Approximately four months have passed since the implementation of the method for reading card-substitute electronic records, and significant results regarding user convenience improvement have been confirmed. We are releasing the statistical data.
◾️ Significant Improvement in Identity Verification Completion Rate
We offer identity verification using the smartphone My Number Card and the Public Key Infrastructure (PKI) service (JPKI) method using facial photo capture. Analysis of data from the past 30 days confirmed a significant improvement in convenience with the method for reading card-substitute electronic records. (*2)
Metric | Smartphone My Number Method | Traditional JPKI Method (Facial Photo Capture) |
|---|---|---|
Identity Verification Completion Rate | +70% Improvement | Baseline |
Time Required (Median) | 2 minutes 40 seconds | 5 minutes 50 seconds |
FAQ
What is the main achievement of Woodstock's new system?
Woodstock has successfully implemented a smartphone My Number Card-based account opening process, which is a first in the Japanese securities industry. This new method has led to a 70% improvement in identity verification completion rates and significantly reduced the time required for users.
Which devices are supported by the new My Number Card account opening feature?
The feature is currently available for smartphone My Number Card account opening, but it excludes Android devices at this time.
How does the new My Number Card method compare to the traditional JPKI method?
The new smartphone My Number Card method offers a 70% improvement in identity verification completion rate and takes a median time of 2 minutes and 40 seconds. The traditional JPKI method (facial photo capture) has a baseline completion rate and takes a median time of 5 minutes and 50 seconds.
What is the 'card-substitute electronic record' mentioned in the article?
This refers to the technology that allows the smartphone to read the necessary information from the My Number Card digitally, eliminating the need for physical card submission in many cases and streamlining the verification process.