RATO Bank Adds iDenfy AI to Speed Mobile Onboarding

RATO Bank has integrated iDenfy’s AI identity verification and AML screening into its mobile onboarding. The bank said the integration allows new customers in Lithuania to complete verified account opening in under three minutes without visiting branches or submitting paper documents.

The vendor’s verification tools were linked directly into RATO’s new mobile app and digital onboarding flow. RATO, a licensed Lithuanian bank founded in 1996 as a credit union, offers retail and business services including deposits, loans, SEPA instant payments and internet banking.

iDenfy’s platform can recognize more than 3,000 document types from over 200 countries. It uses facial recognition with 3D liveness detection and a 24/7 screening process backed by an internal review team. The company reports a 99.9% accuracy rate for onboarding correct customers.

The service is designed to process a high volume of verifications without downtime. iDenfy bills only for completed verification sessions rather than for attempts that fail due to poor lighting or mismatched data, a pricing structure RATO said helps contain costs.

RATO also implemented iDenfy’s AML screening and monitoring, which checks applicants against international sanctions and enforcement lists including Interpol, Europol, the FBI, national agencies and World Bank databases. For adverse media, iDenfy indexes more than 20 million news sources and supports multiple languages.

The integration was facilitated by connections within the Lithuanian banking technology ecosystem, including links to core banking suppliers Forbis and Lenders, which the bank said reduced time and complexity when adding identity checks to its workflows.

“Client convenience and the efficiency of our internal processes are top priorities,” RATO said.

“Our platform was built to provide financial institutions the tools they need to onboard clients securely and efficiently,” Domantas Ciulde, iDenfy’s CEO, commented.

The bank’s use of automated identity checks comes as banks shift toward digital-first customer journeys and face increased attempts at synthetic fraud, leading to greater emphasis on effective KYC and AML controls and faster remote account opening.