Polish bank Pekao offers selfie-verified accounts

About 25 percent of "selfie accounts" have been opened outside the bank's business hours. Pixabay

Customers of Poland's major bank Pekao can now open an account using a special app, with their identity verified online through a selfie they make and a photo of their ID card, the bank's CEO Michał Krupiński told reporters on Thursday.

"No other bank in Poland offers an opportunity to open an account through an application. It is a process that will be operational in all our systems, 24 hours a day. It is a super safe and breakthrough solution from the point of view of our bank and the customer," Michał Krupiński said.

About 25 percent of "selfie accounts" have been opened outside the bank's business hours, Krupiński also said.

"We believe in our banking, our advantage is the strength of the mobile application, we've been growing by 50-60 percent year on year here. We will invest even more in the mobile app," Krupiński stressed.

In June, the bank plans to open the selfie-verification functionality for micro-companies.

In 2018, the bank acquired 406,000 new accounts and plans to open tens of thousands more this year, according to the CEO.

Bank Pekao S.A. was established in 1929. A majority stake in the lender was repurchased by the Polish government from Italy's banking group UniCredit in 2017. The bank has 5 million customers and services every second Polish company. It has been listed on the Warsaw Stock Exchange since 1998.