Remember when Internet banking was considered innovative? The industry has certainly come a long ways since then.

In 2011, Etronika debuted its Microsoft Kinect-based online banking application. Just last week at the Finovate Conference, the company showed off its new and improved version of Kinect banking. In addition to controlling the system with movement, Etronika has added in the option for spoken commands.

The company says that the system can be used to transfer money, make payments, check balances, and more. With the exception of payments, this could make passwords a thing of the past. “The application mirrors human identification by analyzing user’s face and voice,” says company spokesperson Karolis Makrickas.

Besides the Kinect, Etronika uses biometric user authentication and identification technology to recognize each user.

Etronika is a Microsoft Gold-certified partner and a member of the Microsoft Kinect Early Adopters program. To see what the company is up to with Kinect, check out the video demo below.