The leading provider of biometric authentication services in the world, iProov, today announced a partnership with Wultra, the top digital banking security company in the Czech Republic. As part of its array of digital banking products, Wultra can now provide iProov's biometric solutions package thanks to the cooperation.
Customers are increasingly requesting online access to high-risk activities like new account enrollment and account reactivation from their financial services providers. In order to address this need, banks collaborate with businesses like Wultra to assess the best methods for balancing security and usability at key stages of their end-user lifecycle. One of the most significant challenges banks encounter is being able to remotely verify the identity of consumers in a way that is easy to use and prevents mid-process dropout.
The leading banking organisation Raiffeisen Bank International (RBI), which operates in 14 countries throughout Central and Eastern Europe, has a subsidiary in the Czech Republic called Raiffeisenbank. In order to give its customers the option to safely reactivate their bank accounts online at their convenience without having to go to a physical branch or use additional hardware, Raiffeisenbank has deployed iProov's biometric solution from Wultra.
“Several factors were instrumental in our decision to implement iProov technology: iProov has been successfully deployed by leading global banks and has achieved the industry’s highest completion rates. This provides us with clear evidence of both its user-friendly qualities and ability to meet high customer demand,” said Tomáš Rosa, Ph.D. Cryptology and Biometrics Competence Centre Lead, Mathematical Security Architect at Raiffeiesen Bank.
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