Case Studies

Luminor is the leading independent bank and the third-largest provider of financial services in the Baltics. In 2020 they turned to Ondato to streamline their KYC process. A year later, they once again partnered with Ondato for their KYB process. We delve deeper into this solution in this case study.

PZU Lithuania Life Insurance is a life insurance company that is a subsidiary of the PZU Group. With over 200 years of history and experience, PZU Group is one of the largest and oldest insurance businesses in Central and Eastern Europe. In 2013, the group bought the RSA Insurance Group’s assets in Poland, Latvia, Lithuania, and Estonia, establishing itself as the market leader in the Baltic States.

Leading cryptocurrency exchange STEX is partnering with Ondato, a leading Know Your Customer (KYC) and Anti-Money Laundering (AML) platform, ensuring STEX’s continued customer growth and compliance with imminent new EU regulation of crypto-assets.

SME Bank is the first Lithuanian capital digital-only neobank, focused on small and medium-size enterpises, that offers day-to-day banking services and lending products. They're serving their clients only remotely, which means heavy reliance on Ondato's services.

BitWin24 is an online casino revolutionizing the gambling market by combining the concept of a lottery with blockchain technology. With substantial experience in the sector, the company has made it possible for any individual or organization to securely earn money from their network while ensuring anonymity and stability.

SAVY is a virtual peer-to-peer lending platform that helps you invest money easily and efficiently. It connects users who want to borrow money with those who are lending money. SAVY acts as an intermediary reducing the risks for both sides while automating and simplifying the process. Lenders are incentivized to earn higher interest rates, while borrowers can save interest on their loans rather than using banks or other credit institutions.

Luminor is the third-largest financial services provider in the Baltic market, with nearly one million customers. Total shareholders' equity amounts to 1.6 billion EUR and Luminor is capitalized with a CET1 ratio of 18.7%. Their scale puts them in a position to be looking for more optimal KYC and AML-related compliance solutions. At the same time, developing innovative digital solutions and offering them to customers is one of Luminor bank's long-term goals.

kurts is a German mobile tools workshop based on sharing economy principles. They provide their customers with professional tools for their do-it-yourself home projects. Their latest itineration, called kurts Toolbox enables tool sharing services through a mobile application, allowing its users to rent high-quality professional tools whenever and wherever they need them.