Safe and cost-effective Liveness detection for Evocabank
Thanks to the simple and highly accurate solutions Oz Liveness and Oz Biometry, Evocabank attracted more than 40,000 clients from all regions of Armenia in a year
Description
Evocabank is known as the most innovative and progressive digital commercial bank in Armenia. With a strong focus on online and mobile services, the bank's strategy is centered on providing fast, simple, and convenient digital financial services. This commitment to a "mobile-first" approach has led to a need for robust security to protect against the increasing threats of digital fraud, including biometric and deepfake attacks.
Why this choice?
Evocabank chose the server-based Oz Liveness solution to secure several key processes for its customers. This includes the registration of new bank accounts, authentication within its mobile banking application, and online loan requests. By implementing a server-based liveness solution, Evocabank was able to centralize the fraud detection logic on its own infrastructure, offering enhanced security and control over the process.
The decision to partner with Oz Forensics was driven by the company’s proven expertise and certified technology, which aligned perfectly with Evocabank’s digital-first strategy. Key reasons included:
Certified Security: ISO and iBeta NIST Level 1 and 2 certifications ensure robust protection and the accurate differentiation between real users and fraudulent attempts.
Streamlined Onboarding: A simple, highly accurate process that enables faster client acquisition while minimizing friction.
Fraud Prevention: A powerful defense against biometric fraud, a major threat in online lending that could otherwise result in financial losses.
Strategic Partnership: More than a product implementation, Oz Forensics worked closely with Evocabank to customize the integration and support the bank’s long-term business objectives.
The Game-Changing Results
More than 40,000 clients were attracted in one year
40,000
100% of the biometric attacks were blocked
100%
About
Evocabank provides fast, simple, innovative services and stands out by active use of the latest information technologies. Its focus is on developing mobile services. They work in a mobile-first format, considering the convenience of using it via app first when designing a new service. The world is becoming increasingly digital, and Evocabank is well-prepared for this shift.
Testimonial
Thanks to the simple and highly accurate solutions of Oz Liveness and Oz Biometry, our bank attracted over 40,000 clients from all regions of Armenia within a year. The rate of biometric fraud cases last year was 0.5%. None of the biometric attacks bypassed the system. Oz Forensics protection is directly related to reducing potential losses. Fraudsters try to bypass the biometric system when lending online, thereby increasing the risk of non-performing loans. The use of Oz Liveness technology makes this process not only safe but also cost-effective.”
— Ruben Sagoyan, Head of Digital Business at Evocabank.
