INTELLIGENT BRANDS // Enterprise Security
IDnow launches
AI-powered ID Verification-
as-a-Service platform
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IDnow’s auto identification solution works
by tilting the ID document for the app to
detect security features in the hologram
I
Dnow, nominated for the 2018
FinTech50 list of hottest European start-
ups, has launched the next-generation
of its identity Verification-as-a-Service
platform that will enable companies to verify
the identities of more than 7 billion potential
customers online, easily and securely, in
compliance with regulatory Know Your
Customer (KYC) requirements across Europe
and beyond.
The IDnow platform, already trusted by
several hundred companies across Europe,
including UBS, Commerzbank and Telefonica,
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INTELLIGENTCIO
has been significantly enhanced with
biometric, computer vision and security
fraud detection technologies that gives it the
most extensive ID verification capabilities
in the market, able to meet more identity
verification use cases than any other platform. customers can complete an identification
check quickly and easily from a smartphone.
For industries or countries with more
stringent security regulations, the platform
will continue to offer video chat-based
identity verification.
The IDnow platform meets the high security
and fraud detection requirements of
strictly regulated environments for financial
services and telecommunications sectors in
places 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. In addition, the platform 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. “As we do more online, digital identities are
becoming the new currency, so knowing your
customers has become more important than
ever,” explained 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. In addition,
with full automation and compliance,
organisations can rely on one platform for
international requests, helping to bridge
the gap in the market. As an end-user, this
means no more posting 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.” n
The IDnow platform can be easily integrated
into a company’s service application and
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