Government’s Technology initiative with MyInfo provides creditable personal information and eliminates the need to fill out forms manually, improves accuracy and reduces the time spent on digital processes.
SINGAPORE, Nov. 12, 2018 /PRNewswire/ — FORCS (the company), a leading e-Form and reporting solutions provider worldwide, announced a transformational solution for the financial services industry in Singapore today with the integration of GovTech’s, MyInfo system. With the MyInfo integrability feature, users can auto-populate form entries, saving time and eliminating the need to fill forms manually. Users will also no longer have to submit supporting documents such as NRIC scans or proof of address thanks to this secure and convenient feature.
The service utilizes the MyInfo system to enhance the form-filling experience of customers by providing a creditable platform that is secure and dynamic. The update also allows for more efficient data capture with a wide range of supporting features including camera, voice-recording, e-Signature, barcode recognition, and more to capture essential information. During all transactions, business will need to seek the consent of customers before any personal data may be accessed.
“The integration with MyInfo will lead to the enhancement of many financial/digital processes and a significant reduction in time spent filling out forms. We also foresee greater accuracy in data capture as the information extracted will be sourced from official government databases,” said Mickey Park, Vice-President of Global Sales, FORCS.
“FORCS e-Form has always been the number one choice of government agencies in Korea. Therefore, we see great potential in the integration of MyInfo into our digital e-Form platform to revolutionize the financial and insurance industries in Singapore,” said Park.
FORCS paperless technology has transformed the delivery of financial services. Recognized as the market leader in providing paperless solutions, with more than 60% market share in Korea the company has played a leading role in reducing business costs and increasing the productivity of enterprises across multiple industries.
The company first entered the Singapore market in 2015 with the aim of introducing paperless technology to the financial institutions and insurance agencies of the smart-city state. The Singapore office has since developed into a regional hub supporting FORCS goal of integrating its forward-thinking solutions with partner systems worldwide.
FORCS will be exhibiting at the annual Singapore FinTech Festival from 12-14 Nov 2018 at booth 11.29 (Hall 1) where the company will be showcasing their Digital Onboarding and Paperless Branch Systems for faster, more efficient financial services delivery.