The remote account opening system follows on from HSBC’s mobile account opening service for its retail customers that debuted in December 2019, and it will allow small businesses to open an account without face-to-face meetings at a branch or submitting physical documents or signatures. SMEs will be able to obtain a bank account number and verify their identity using the bank’s mobile app, but it will take two to five days for the account to be activated, according to South China Morning Post.
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