Bratislava, October 5, 2018 – Softec was awarded the IT Project of the Year for its project of biometric (facial) identification of the client without its physical presence for Tatra banka. It happened on October 4 at the 18th IT Gala, where Digital Visions, the publisher of PC Revue, announced the so-called Slovak ”IT Oscars” for 2018.
The winning FaBiS project or Facial Biometry Service, a biometric verification service, is the first of its kind in Slovakia and the Czech Republic. The integrated technology allows the bank to acquire a new client without having a client to visit a branch and at the same time a client can open a current account from anywhere in the world or even apply for a loan. The success of this innovative solution lies in the technology of reading and retrieving personal data from the personal ID card, comparing ‘selfie’ with the face of a public register and the liveness check verification. Its uniqueness lies in a combination of biometrics and public administration services in the commercial sector.
Peter Moravek, Managing Director of Softec: “We won the IT Project of the Year for the second time. I am delighted that it was for such a breakthrough and innovative project that originated in Slovakia. We would not achieve it without hard work of our people. We owe them our gratitude, as well as to the partnership with Tatra banka (Member of Raiffeisen Group). I believe this award will deepen our partnership and confirm our position as an innovative IT market leader.”
The use of facial biometrics in order to acquire new customers has also potential for insurance, telecoms and public administration. It facilitates communication with the company, unlocks new revenue streams and optimizes costs and sales cycle.
It is a leading consultancy-software company whose services are used by clients in nine countries of Central and Eastern Europe. In particular, it provides advice on information systems, analysis, design and development of complex IT solutions and system integration. Key customers include major banks, insurance companies, public administration institutions and telecommunication companies. In 2017, Softec won the Diamond Business Award and ranked 3rd in the category of the best healthy growing company in the Bratislava region. It currently has 350 employees in Slovakia and the Czech Republic. More at www.softec.sk/en.
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