Eurasian Bank Onboards Over 1M Clients with Oz Forensics' Liveness and Biometry

Learn how Eurasian Bank partnered with Oz Forensics to successfully digitize its services, onboard more than 1 million new clients, and reduce the cost of credit by 2.5% while enhancing security against biometric fraud.

Success Stories

Success Stories

Success Stories

Description

Eurasian Bank, one of Kazakhstan's leading financial institutions, embarked on a major digital transformation journey in 2021. Its goal was to transition many of its core banking services, including loan applications and client onboarding, to a fully remote, digital model. However, this shift came with a significant challenge: the rising threat of biometric and deepfake fraud. The bank needed a solution that could not only secure its digital channels but also provide a seamless, quick, and user-friendly experience for its clients.

Processes

01

Registration of new bank accounts

02

Authentication
in banking application

03

Online loans request

Client choice

Client choice

Client choice

Oz Biometry

face matching solution for identity verification.

Oz Liveness

a solution to prevent attacks on biometrics. Both solutions are server-based.

Oz Biometry

face matching solution for identity verification.

Oz Liveness

a solution to prevent attacks on biometrics. Both solutions are server-based.

Oz Biometry

face matching solution for identity verification.

Oz Liveness

a solution to prevent attacks on biometrics. Both solutions are server-based.

Why this choice?

After a thorough search, Eurasian Bank selected Oz Forensics, a recognized leader in biometric fraud prevention, as its partner. The decision was based on Oz Forensics' proven, cutting-edge technology, particularly its Oz Liveness and Oz Biometry solutions. These tools were trusted to provide the highest level of security while maintaining a frictionless user experience, a critical factor for successful digital adoption.

The Game-Changing Results

Successfully onboarded more than 1 million new clients through its digital channels in just one year.

1 million

72% of all lending was done through remote biometric identification in the bank’s mobile app by Q4 2022.

72%

The biometric solutions proved highly effective, successfully preventing 100% of the biometric attacks they faced.

100%

About

Founded in 1994, Eurasian Bank is a socially important commercial bank in Kazakhstan and one of the country's ten largest banks by assets. It holds a leading position in the retail banking market and provides a wide range of services to corporate clients and SMEs. The bank is part of the ERG Group ecosystem, a major global company in the mining and mineral processing sector.

Testimonial

"Our partnership with Oz Forensics has helped us successfully integrate biometric security measures into our digital banking process. Thanks to our implementation of Oz Forensics solutions, over 800,000 customers have already passed biometric authentication, resulting in a highly secure process. Additionally, our online processes have allowed us to reduce the cost of credit by 2.5%."

— Ivan Belokhvostikov, Deputy Chairman of the Management Board, Eurasian Bank

Testimonials

Seamless Identity Verification trusted by Industry Leaders

We help banks, fintechs, and governments deliver secure, scalable biometric solutions for identity verification and fraud prevention.

Testimonials

Seamless Identity Verification trusted by Industry Leaders

We help banks, fintechs, and governments deliver secure, scalable biometric solutions for identity verification and fraud prevention.