Get newsletter

Be the first to receive the latest news about Numbrs.


Numbrs develops its own video identification process

Centralway Numbrs follows the “full stack” principle. By the term “full stack” we mean complete independence from third parties in every area of the company.

We take this approach especially seriously in our technology department, by developing the entire IT platform independently and without the help of external suppliers. In doing so, we are above all motivated by the incentive to always offer our users the best possible user experience.

That is why our team has been working on developing our own video-identification process for several weeks and months. In the future, users that are interested in a financial product from our Numbrs Store can request to be identified using a video identification process in a convenient, safe and legally compliant way, which takes only a few minutes. This saves our users the cumbersome trip to the post office and the unnecessary exchange of letters.

The only thing our users need is Internet access, a smartphone, and a valid ID document. Our video identification process complies with the complex requirements and obligations of the Money Laundering Act, Data Protection Directive and of the relevant regulatory authority, such as the BaFin.

The development of the video identification process is an intense project which requires a lot of working weeks and an enormous working commitment from our team. The technical development in particular is highly complex, expensive and time-intensive. Only the best developers can implement the requirements for this feature.

In addition to the complex technical development, there needs to be comprehensive documentation of security standards, processes and a lengthy, bureaucratic audit process. All in all, this is an effort that is usually only undertaken by specialized companies that base their entire business models on it. For Centralway Numbrs, it is primarily an extension of the app’s functionality. Many of our best employees are working with great commitment and passion on this project day in, day out. Something we are very proud of.

A week ago we started the licensing process for this feature, under the direction of the CERT Datenschutz Institute. Throughout the next few weeks our technology team will be working on fully implementing this feature. We are planning on delivering the video-identification process to all our users in September.

About Centralway Numbrs

Centralway Numbrs is a customer driven technology company that allows users to better choose and manage their finances and financial services. Through its award-winning app, Centralway Numbrs allows users to manage bank accounts, payments & transfers, as well as providing spending analysis, budgeting tips and tailored notifications.

Centralway Numbrs is headquartered in Zurich and employs over 100 people. 1.5m bank accounts in Germany are currently managed through the app and it is the #1 finance app on iOS and Android. The majority shareholder in Centralway Numbrs is Saidler & Co., the family office of Martin Saidler.


July 2021

June 2021

May 2021

April 2021

March 2021

February 2021

January 2021

December 2020

November 2020

October 2020

September 2020

August 2020

July 2020

June 2020

May 2020

April 2020

March 2020

February 2020

January 2020

December 2019

November 2019

October 2019

September 2019

August 2019

July 2019

June 2019

May 2019

April 2019

March 2019

February 2019

January 2019

December 2018

November 2018

October 2018

September 2018

August 2018

July 2018

June 2018

May 2018

April 2018

March 2018

February 2018

January 2018

December 2017

November 2017

October 2017

September 2017

August 2017

July 2017

June 2017

May 2017

April 2017

March 2017

February 2017

January 2017