IDnow platform enhanced with biometrics and security fraud detection
IDnow has launched the next generation of its identity verification-as-a-service platform that enables companies to securely verify customer identity in compliance with regulatory KYC requirements across Europe and beyond. The platform has been enhanced with biometric, computer vision and security fraud detection technologies.
The IDnow platform meets the high security and fraud detection requirements of strictly regulated environments for financial services and telecommunications sectors in countries like Germany, Switzerland and other European countries and is fully compliant with all relevant regulations and directives such as AML regulation, eIDAS, GDPR and PSD2. The platform also meets the business requirements for speedy and simple workflows that reduce customer onboarding friction for non-regulated or lightly regulated sectors such as mobility, travel, recruitment and the sharing economy.
The new features include: a fully automated ID verification process including facial recognition, Optical Character Recognition and hologram and other anti-fraud detection features; video-based agent-assisted ID verification workflow to meet specific regulatory environment requirements as well as to help last-mile conversion for customers unable to complete automated process, and; integrated issuance of qualified electronic signature certificates for eSign solution.
According to the announcement, the IDnow platform can be easily integrated into a company’s service application and customers can complete an identification check quickly and easily from a smartphone. The platform will continue to offer video-chat based identity verification for industries or countries with more stringent security regulations.
“As we do more online, digital identities are becoming the new currency, so knowing your customers has become more important than ever,” explains Rupert Spiegelberg, CEO, IDnow. “Companies need an easy, trusted and compliant way of finding out who their customers really are and we believe our platform can offer just that. As an end user, this means no more posting of copies of passport/proof of address, no more having to be present yourself at a physical branch and, for corporate customers, lower costs and higher success in customer acquisition.”
In the midst of the booming biometrics industry, digital identity verification stands out as an area which has gone through a rapid transformation.