Video verification allows customers to open a bank account in 5 minutes

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In 2014 we wrote about the launch of a new video identification process from IDnow. Now, Austria’s Erste Bank und Sparkassen have partnered with the company to provide its customers with the option to open a current or student account using its video-based online identification. The service can be used through either a mobile device or desktop computer. The process takes no more than 5 minutes, saving customers valuable time and the effort involved in visiting a branch office. Erste Bank und Sparkassen is Austria’s first large bank to offer this innovative option to new customers. It works like this:…

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