Central Bank of Austria shifts focus towards MICK
The Austrian Control Bank (OeKB) has introduced a new method for client identification, the MICK Video Identification Procedure, which has been successfully operational at its subsidiary, the Austrian Development Bank, for about a year. This innovative approach, managed entirely via automated emails, is replacing the previous method of expensive, personal identification through notarial certification and superlegalization.
MICK, an officially recognized and legally accepted identification method, is being offered to OeKB clients for efficient, quick, and cost-effective worldwide authentication. The process, overseen by specially trained youniqx employees, ensures the highest security standards while providing a user-friendly experience.
The MICK Video Identification Procedure is designed to take only a few minutes. It involves biometric verification, document verification, and a real-time interaction session. The biometric verification uses facial recognition or other biometric data to match the individual with their official documents. The document verification checks the authenticity of identification documents such as passports or driver's licenses. The real-time interaction session ensures the presence of the individual and gathers additional verification information.
Lukas Praml, CEO of youniqx Identity AG, emphasizes the importance of these security measures and user-friendliness. To improve user-friendliness, youniqx has created a customized landing page for OeKB, where clients can schedule their MICK video identification appointments.
Helmut Bernkopf, board member of OeKB responsible for export services, is pleased with the benefits of MICK. He highlights the procedure's efficiency, security, and compliance with legal requirements under the Anti-Money Laundering Act. The MICK Video Identification Procedure is an essential step towards modernizing client identification processes, providing a more convenient and secure experience for OeKB clients.
Finance and technology have significantly streamlined the business process at the Austrian Control Bank (OeKB) through the implementation of the MICK Video Identification Procedure. This innovative approach, backed by biometric verification, document verification, and real-time interaction sessions, offers a secure, user-friendly, and cost-effective method for worldwide client authentication.
