The Trust Foundation Understanding trust issues in the digital era.

“According to an article in Australian IT, “ING Direct has led the way in using anti-money-laundering identification processes to come up with a method for opening an account purely online. The Dutch bank has claimed bragging rights for the first end-to-end online account opening facility in Australia…which uses an almost instant online identity verification process instead of the traditional 100-point security check to allow customers to open savings and term deposit accounts.”
“ING Direct has taken advantage of new AML [anti-money laundering] legislation that allows financial institutions to replace the traditional 100 point security check, which uses physical documents such as passports, with electronic AML compliance checks.”