back Back

Smart Engines provides bank with digital onboarding and payments tech

By Edil Corneille

October 29, 2020

  • Kazakhstan
  • Smart Engines
Share

Smart Engines, Moscow, Russia, digital, online, AI, bank payments Alfa Bank Kazakhstan has integrated the recognition of Kazakhstan passport and ID card as well as all the types of bank cards into its mobile application. Moscow-based Smart Engines, an AI-based Computer Vision software developer became the supplier of the technology.

Account pop-up, online payments, and Card2Card transfers have become a seamless process due to the new feature that allows the quick scanning of all types of bank cards including embossed and flat as well as vertical cards and cards with data on the back.

“Asiamoney, an international business magazine, has named our bank as the top digital bank in Kazakhstan. We are striving to keep the leadership, that’s why we constantly improve our application with cutting-edge technologies. Integrating Smart Engines’ solutions aims at a better remote customer service, as recognition and verification of the documents and bank cards happen almost immediately,” says Alfa Bank Kazakhstan Transfer Team Product Owner Alexander Uzdyaev.

Smart Engines’ technologies are based on scientific research in Computer Vision and are said to provide superior speed, accuracy, safety, and seamless user experiences. The optical recognition systems work in all the natural conditions in low and excessive lighting, on the go, as well as on taxis or public transport. The scanning is performed in a fraction of a second and is secure in terms of private and confidential data processing, as all the calculations are done on the mobile device, without transferring the document image to a third-party service.

“We are proud that the foremost bank of the Republic of Kazakhstan has chosen Smart Engines’ solution for recognition of bank cards and national identity documents. In the current environment, it has become vital to provide the users with convenient interaction tools for communication with the bank without visiting the office, and our technologies allow adding such features into mobile and online banking applications,” comments Smart Engines CEO, Vladimir Arlazarov, Ph.D.

Previous Article

October 29, 2020

TrueLayer appoints former AMEX & Amazon exec as the new Chief Product Officer

Read More
Next Article

October 29, 2020

Avaloq & Investment Navigator to simplify investment advisory compliance for wealth managers

Read More








IBSi Daily News Analysis

Web3, Indian market

April 16, 2024

Kazakhstan

Explosive growth in Web3: UAE and MENA region poised to lead crypto, DeFi, and Metaverse revolution

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Finastra adds AI ESG scoring into working capital solution with TradeSun

Read More

Today

Salt Bank rolls out financial app in Romania with Engine by Starling

Read More

Today

Leeds Building Society taps Mambu for core banking modernization

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023