In the world of digital nomads, early-stage entrepreneurs, and everyone seeking quick and easy banking solutions, getting things done online is extremely useful. For many small businesses and trade and crafts owners, launching and managing a business brings enough challenges, so they want to dedicate as little time as possible to administration.
To address these challenges, the partnership between Raiffeisen Bank and Identyum introduces a significant innovation: the ability to open a business account entirely online. With minimal administration and maximum security, you can open a business account in just a few minutes, no matter where you are. With the growing popularity of digital solutions, this Raiffeisen Bank and Identyum service meets the needs of modern small entrepreneurs and crafts owners who value flexibility, speed, and security.
A Simple 3-Step Process
As part of this collaboration, Raiffeisen Bank, with Identyum’s support, now enables small business owners and crafts owners to open a business account in three quick steps – entirely online:
1. Entering basic business information: The business owner enters basic information about their business. After an initial check to confirm that all conditions are met, the process continues by inputting the remaining data needed to open the account.
2. Video identification: Using Identyum, the business owner undergoes a simple, secure, and quick remote identification process. Everything here is done online, and this process is completed in less than two minutes.
3. Digital signing: In the final step, the owner digitally signs the contract and other documentation required for account opening. This completes the entire process online.
Identyum’s Remote Digital Identification
For remote digital identification, the bank or another client always defines which specific information is needed from the other party, which can be accessed anytime, from anywhere. Identyums’ high level of reliability ensures both the authenticity of the person and their identification document, providing a trustworthy comparison of the two. Suppose the client (bank) does not need all the information from the identification document. In that case, it can request and retrieve only selective data (e.g., just the address and NIN number), ensuring that no unnecessary data is collected in compliance with the GDPR Regulation and AML Directive.
In a world where speed and flexibility are crucial for business success, this online business account opening process offers a different approach to banking services for small entrepreneurs and crafts owners.
Solutions for Retail
Raiffeisen Bank and Identyum don’t just assist small entrepreneurs and crafts owners. Citizens can also apply for a cash loan completely online: read more about it here.
Interested in learning how remote digital identification works? Try our Identify service immediately, without integration, or contact us at [email protected] for integration possibilities.