Baku: Three innovative services from ‘Yelo Bank’ have been integrated into the SIMA Digital Solutions Platform, offering new digital opportunities for customers. These services include the ability to open a bank account remotely, engage in online investment, and order digital cards, revolutionizing the way banking services are accessed and utilized.

According to Azerbaijan State News Agency, the integration allows individual entrepreneurs to open a bank account remotely via the ‘Yelo Business’ app using SIMA’s KYC Video Call solution. This service is not only completely free but also fast, taking less than five minutes to complete. New users must sign documents using ‘SIMA Imza’ and verify their identity through the ‘SIMA KYC Videocall’ solution. Existing customers benefit from a streamlined process, requiring only the use of ‘SIMA Imza’ without the need for a video call.

Additionally, the enhanced digital signature capabilities through SIMA allow for the immediate activation of a new ‘Yelo’ digital card. Customers can now activate and begin using their digital card instantly through the bank’s app, eliminating the need to visit a physical branch. This advancement highlights the ongoing digital transformation in banking services facilitated by the collaboration between SIMA and Yelo Bank.