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UniCredit Bank joins BankID

05.10.2016

UniCredit Bank and UNITY-BARS, the official developer of BankID software, have signed a memorandum on cooperation, which is expected to give start to a pilot roll-out of BankID for UniCredit Bank clients.

"We have been interested in this project from the very start, because BankID will clearly make the process of rendering administrative services more easy and comfortable for customers. Moreover, BankID may later serve as the basis for implementation and development of remote identification of clients in banking services. Customers will be able to login via one bank and access digital services of any bank at any time. In turn it will spur up development of online services and electronic document management, – said Tamara Savoshchenko, CEO of UniCredit Bank. – In my opinion, the National Bank has adopted a correct decision about creating a unified national system of identification for individuals and legal entities, BankID, outlining general standards and rules for all banks. We are pleased to become one of the pioneers of the project."

"We chose UNITY-BARS as our partner due to the company’s great experience in the implementation of BankID on platforms of other banks in Ukraine, – commented Andrii Maiba, IT Director of UniCredit Bank. – High professionalism of UNITY-BARS experts will make the integration of BankID into our bank’s system way quicker and more effective."

The BankID system is called to improve client verification over the Internet. It means, if you want to verify your identity when ordering online services from public institutions, all you need to do is just enter your online banking login/password and pass the second stage of authorization (for example, SMS-password).

It is expected that BankID will become available to UniСredit Bank clients this October.

 

NOTE

Ukrsotsbank is one of the largest universal banks of Ukraine, operating in the local market since 1990. The bank offers full range of services to individuals and corporate clients.

The renovated Ukrsotsbank emerged on 31 October 2016 as a result of strategic deal whereby 99.9% of Ukrsotsbank shares have been transferred from UniCredit Group to ABH Holdings S.A. (АВНН) in exchange for a minority 9.9% stake in ABHH. Thus, the bank has combined 26-year-old traditions of Ukrsotsbank’s client-centric attitude, European quality of service inherent to UniCredit, as well as international banking expertise of ABHH in a number of European countries including CIS. Thanks to the successful synthesis and synergy of the two assets of ABHH in Ukraine, Ukrsotsbank and Alfa-Bank, the banking market of Ukraine will see the rise of a new stronger financial institution. This, in turn, will spur up technological advance, increase efficiency, improve quality of service for the clients, reduce cost of banking services whereas their range will inevitably expand.

The extensive retail network of Ukrsotsbank consists of 237 branches, its headcount reaching nearly 5 thousand employees.


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