TCG signs NDID to develop identity verification system digital guarantee

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

“It is an important cooperation between TCG and NDID according to the plan to upgrade the infrastructure of digital identity verification and verification to connect various government agencies and the private sector to enhance the country’s transactions with credibility via online system to help reduce operating costs Credit Guarantee Service Linked to authentication system NDID,” said Sittikorn.

For service users, Digital Guarantee will 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 Prasitsamrit general manager NDID says NDID is the country’s infrastructure for digital identity verification and 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.”

Mr. Suraphon Opassathien, President National Credit Bureau said that the credit bureaus would like to congratulate TCG and TCG. NDID This time, credit bureaus have been providing credit information on the NDID Platform since the inception and continually. because they see and attach importance to the expansion of the digital society At present, when accessing information for various transactions, it is necessary to ensure that users have access to information securely, accurately, with completeness, modernity, and speed, in line with the needs of the digital age as well.

when TCG is a service provider of credit guarantee information on NDID Platform to enhance the linkage of digital credit transactions to grow efficiently Businesses have both credit information. and guarantee information confidently, safely, as a protection once morest risks Fraud in borrowing as well

as well as ensuring that these data will be protected and maintain confidentiality with an efficient security system that meets international standards. In the past, credit bureaus have campaigned to create a culture of “saving before borrowing, thinking before spending, having discipline when in debt” in order to encourage people to have financial planning. with discipline in saving money and maintaining their own credit It encourages and encourages the general public to be aware of the debt burden. Debt management, discipline, debt repayment, debt repayment on time because I want to see Thai people have financial discipline for good quality of life

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