Czech Neo-bank Adopts Innovatrics’ Biometric Onboarding Solution

Air Bank, a relatively new and fast-growing bank in the Czech Republic, is now using biometric onboarding technology from Innovatrics. The latter’s Digital Onboarding Toolkit has been integrated into Air Bank’s “My Air” mobile app, enabling end users to verify their identity by uploading a selfie photo and images of their official identity documents.

“By working with Innovatrics, we are bringing a new method of verifying a client’s identity to the mobile app environment using the elements that are currently available to the client,” explained Air Bank Head of Everyday Services Filip Zavfel. “All they need is a phone number and their own face, which is accurately verified by facial biometrics.”

Air Bank represents a substantial new client for Innovatrics. The bank was founded in 2011, and had nearly a million clients by the end of 2021. Air Bank boasts of being the fastest-growing new bank in the Czech Republic, and says that few neo-banks can match its profitability.

“We are delighted that Air Bank has chosen Innovatrics for remote identity verification,” commented Innovatrics’ EMEA Sales Director, Tomas Antolik. “Innovatrics is fast becoming the de-facto choice for financial institutions in Central Europe who require a solution which is secure, regulatory compliant, and which offers an unparalleled user experience.”

While Innovatrics’ DOT has attained some traction in the financial services market, it offers applications beyond that particular sector. Innovatrics recently announced a version of DOT that is tailored for hospitality applications, allowing travelers to perform a socially-distanced hotel check-in using their mobile device.

–

October 4, 2022 – by Alex Perala