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Who’s bought what? WHO? ERSTE BANK WHAT? VIDEO-IDENT
out video-based authentication to new current account customers. The FI has integrated IDnow’s Video-Ident solution across its digital banking platform to enable the mobile and desktop computer service, which will become available for applying for other products over the course of 2017.
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“We are the first large Austrian bank to offer this innovative option to new customers,” says Thomas Schaufler, Chief Retail Officer, Erste Bank. “Our introduction of online video identification also eliminates what had previously been a significant competitive advantage for FinTech companies.”
WHO? BMW FS WHAT? SWORD APAK WFS
word Apak has announced a Wholesale Finance Floorplanning System (WFS) go-live with BMW Group Financial Services. The planned harmonisation of BMW FS’s European core operating systems under its iDEAL programme is designed to integrate three key modules: Commercial Finance (CF), (Dealer) Front-End and the Contract Management System (Retail Lease & Loan). The first component has been the pan-European delivery of Sword Apak’s WFS for CF.
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“iDEAL has the ambitious strategy to create standard operating solutions across BMW FS in Europe. In such a bold undertaking, it is always important to get off to a great start,” comments Axel Frank, ITProject Lead, BMW FS for CF (pictured). “The fact that WFS has a proven track record across different geographies made it a natural candidate to select it and kick start with WFS the wider iDEAL programme. The technical and project management expertise that Sword Apak has brought to the roll-out has been invaluable.”
ustria’s Erste Bank und Sparkassen is rolling
The move follows Austria’s Financial Market Authority’s (FMA) approval to enable banks to offer video-based online identification services.
Scott Thompson
Since the launch of WFS for the UK and the Republic of Ireland markets, WFS is now being utilised by 1,143 BMW FS users and has been made available to over 260 BMW Group and ALPHERA retailers and dealer partners. The project required the migration of 354 retailers, 1,416 credit lines and 63,415 existing loans. The entire process was facilitated by Sword Apak’s API integration layer, which allows connection to 13 surrounding systems.
Scott Thompson
www.ibsintelligence.com © IBS Intelligence 2017
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