RATO bank adds iDenfy AI for 3-minute mobile onboarding

RATO has integrated iDenfy’s AI-based identity verification and anti-money-laundering (AML) screening into its mobile application, enabling new customers to complete identity checks and open accounts in under three minutes from any smart device.

RATO is a licensed Lithuanian bank founded in 1996 as a credit union. The bank offers retail and business services including deposits, loans, SEPA instant payments and internet banking through its mobile app.

The integrated system combines automated document checks, facial recognition and 3D liveness detection with continuous screening and a professional internal review team. iDenfy’s platform is reported to recognize more than 3,000 document types from over 200 countries. The vendor says the service processes an unlimited number of verifications with minimal downtime and provides a 99.9% accuracy guarantee for onboarding the right customers.

RATO worked with core banking technology suppliers Forbis and Lenders to embed iDenfy into its existing systems. The bank selected the provider to handle higher demand for new accounts and to address synthetic fraud and other identity-related threats while complying with KYC and AML rules.

On the AML side, iDenfy’s screening connects to international sanctions and law enforcement sources such as Interpol, Europol and the FBI, and checks adverse media. The company built a search engine that indexes more than 20 million news sources and supports multiple languages. Screening and monitoring run continuously as part of the onboarding flow.

iDenfy charges per completed verification session rather than per attempt, which reduces spent credits when initial checks fail due to poor lighting or mismatched data. That pricing model is intended to make verification costs more predictable as RATO grows its digital customer base.

The bank issued a statement noting: “At RATO, client convenience and the efficiency of our internal processes are top priorities. Today, a new customer can complete their full identity verification and become our client in a few minutes, entirely through our mobile app. That is exactly the kind of modern banking experience we set out to build.” Domantas Ciulde, iDenfy’s CEO, added: “Our platform was built to provide financial institutions the tools they need to onboard clients securely and efficiently, without adding time to the process. We are pleased to support RATO as it expands digital services.”

RATO’s move to a fully digital onboarding pipeline reflects a wider industry shift toward remote account opening and automated compliance checks driven by customer demand for device-based services and regulatory focus on AML and KYC controls.