Sole traders who do not yet have an account with Bank Millennium, can now open a Mój Biznes account using a mobile device without the need to visit a branch. They will quickly confirm their identity by logging on to another bank where they have a personal account, thanks to use of AIS (Account Information Service).

- We know that customers appreciate fast and convenient solutions and in times of the pandemic it is extremely important to take care of most business online. This is why we are providing a fully remote process of account opening for sole traders who need support particularly now. It was natural for us as a leader in PSD2-based solutions, to take advantage of open banking in this process. Our customers can now aggregate products and send transfers from other banks and also confirm their income quickly by logging on to another bank when applying for a cash loan, without the need to present additional documents. We now give new customers the opportunity to confirm their identity quickly. Arguably we are the most versatile bank in Poland as regards seeking uses for open banking - Halina Karpińska, Director of the Electronic Banking Department of Bank Millennium, said.

To open a Mój Biznes account you need to use your mobile device to go to Bank Millennium’s website and fill-out the electronic application form. You can choose whether you want to sign the agreement in a branch or online. After selecting the online option and entering the basic data, in order to authenticate identity you will be redirected to the logon page of one of six banks: Alior Bank, Bank Pekao, BNP Paribas, ING Bank Śląski, mBank or Santander Bank. After positive verification the bank will ask for some data. After the NIP number has been provided the remaining business data will be drawn automatically from the CEIDG register. You can also order a debit card outright. Then you need to confirm the instructions to open the account with the SMS code, which will be sent to the phone number you will have provided in the application form.
After going through a simple and convenient process you will immediately receive logon data and will be able to use the newly opened account via the Millenet Internet system and the mobile app.

- We hope that our new solution will make it easier for business to operate in these difficult times. The new process is another stage in the wide-ranging digitalisation of our services. The application will soon be available also from computer level and we will continue adding more banks to the service – Halina Karpińska added.

Sole traders who have had a personal account in Bank Millennium for some time now can open a business account fully online in Bank Millennium’s Internet system and mobile app. However Bank Millennium offers much more to business customers.

- We have an attractive offering for Biznes segment customers who are sole traders and also for partnerships and companies with annual revenue of up to 5 mln PLN. We offer to this group a broad range of transactional and credit products, including an attractive leasing offer. In recent months this group of customers could benefit from support i.a. in the form of temporary deferral of business loan repayment or subsidies from PFR Financial Shield. Proving how attractive and accurately tailored to customers’ needs our offer is, is one of the highest levels of acquisition of new business accounts in the 1st half of 2020 and a close to 30% year-on-year increase of the number of active Biznes customers, now numbering more than 100,000 - Anna Wydrzyńska–Czosnyka, Head of the Biznes Customers Segment in Bank Millennium, said.

Bank Millennium is already providing the following in open banking:

• Finanse 360° service, which allows checking the account balance and history of transactions on an account in other banks: Alior Bank, ING Bank Śląski, mBank, Pekao, PKO BP, Santander Bank, BNP Paribas, Inteligo and Citi Bank.
• The opportunity to initiate transfers via the Millenet Internet system from accounts in PKO BP, mBank, ING Bank Śląski, Bank Santander, Alior Bank and Bank Pekao.
• Confirming income when applying for a cash loan by means of logging on to one of seven other banks: Alior Bank, ING Bank Śląski, mBank, PKO BP, Santander Bank, BNP Paribas and Inteligo.

More on; https://www.bankmillennium.pl.