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Wultra and iProov bring biometric technology to Czech banks

By Gloria Methri

May 10, 2023

  • Biometric Authentication Solutions
  • Biometric Identity Verification
  • Czech Republic
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iProov, Wultra, FinTech, biometric Authentication, Czech Republic, RiskTechiProov, the specialist in biometric authentication, has announced a partnership with Wultra, one of the leading digital banking security providers in the Czech Republic. The partnership enables Wultra to offer iProov’s biometric solutions suite as part of its portfolio of digital banking solutions.

iProov’s proprietary facial biometric solution enables organizations to verify the identity of the end-users in real time. Its proprietary science-based liveness technology and Security Operations Centre (iSOC) provide 24/7 active threat mitigation. iProov is already used by security-conscious organizations like the Department of Homeland Security, Eurostar, ING Bank, and UBS.

Raiffeisenbank has implemented iProov’s biometric solution from Wultra to provide its customers with the ability to securely reactivate their bank accounts online at their own convenience, without visiting a physical branch or using additional hardware.

“Banks are hyper-aware of the evolving threat landscape, and mobile banking apps are becoming a top target for cybercriminals. Points like account creation and rebinding are especially vulnerable to fraud, so increasing the security levels of our product set to help our customers tackle this was a priority for us,” said Zdeněk Černý, CTO at Wultra.

“iProov’s technology delivers on all fronts and stood out from the RFP process as ‘the real deal’. It has been a great addition to our portfolio and is already loved by one of our biggest customers, Raiffeisenbank, who actively encouraged us to add iProov technology to our stack.”

Andrew Bud, founder and CEO of iProov said, “Financial services providers are a prime target for cybercriminals’ most sophisticated attacks. Our recent Threat Report found that AI-based attacks, such as deepfakes, are gaining momentum and basic-level biometric technology is struggling to keep pace.”

“iProov’s biometric solutions suite is uniquely able to assure liveness, a key determinant in mitigating AI-based attacks. We are excited to partner with Wultra in their mission to secure and protect leading banks and FinTech companies with meaningful security solutions for their internet and mobile apps.”

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