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TCG-NDID jointly develop identity verification system Digital Guarantee, Enhance Digital Lending : InfoQuest

Mr. Sittikorn Direksoontorn Director and General Manager Small Industry Credit Guarantee Corporation (TCG) and Mr. Boonsan Prasit Samrit President of National Digital ID Company Limited (NDID) has signed a Memorandum of Understanding (MOU) to develop the NDID identity verification system to provide Digital Guarantee services to SMEs in the Digital Lending and Digital Guarantee projects NCB TCG NDID. Enhance credit guarantee services

Mr. Sittikorn said that this signing This is an important cooperation between TCG and NDID in accordance with the plan to upgrade the infrastructure of digital identity verification and verification to connect various agencies, government and private sectors to enhance Thailand’s transactions. credibility through online to help reduce operating costs Credit Guarantee Service Connected to the NDID authentication system for users of Digital Guarantee to increase work efficiency. convenient and fast Reduce process costs credit guarantee request In line with the policy of the Bank of Thailand (BOT) in the Digital Contract project, letters of guarantee can be issued electronically.

Mr. Boonsan Prasit Samrit NDID general manager said NDID is the country’s infrastructure for digital identity verification. raise the standard and the credibility of digital transactions to be carried forward to other steps with confidence in safety It has been in service for more than 2 years and has more than 100 members, with the Small Business Credit Guarantee Corporation (TCG) being the latest member. both in terms of proof and identity verification

The benefits that users will receive from the NDID service will make it easier, more convenient and faster to apply for a credit guarantee from TCG. TCG is also a provider of credit guarantee information to the NDID Platform by NDID members. can access credit information and credit guarantee information is convenient, safe and reliable. This will complement the information for the NDID Ecosystem, in particular will help credit transactions. operate more efficiently

While Mr. Suraphon Opassathien, President National Credit Information Company said that TCG as a provider of credit guarantee information on the NDID Platform will further enhance the linkage of digital credit transactions to grow efficiently. Businesses have both credit information. and guarantee information confidently, safely, as a protection against risks It also ensures that this information is protected. and maintain confidentiality with an effective security system that meets international standards

By InfoQuest News Agency (30 May 65)

Tags: National Credit Bureau, Small Business Credit Guarantee Corporation, TCG, Boonsan Prasitsamrit, Sittikorn Direksoontorn, Suraphon Opassathien, National Digital ID

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