Finance

Fast and secure identity verification to meet any KYC and AML requirements.

Seamlessly onboard new customers and gain a competitive advantage, while adhering to high regulatory requirements – fast, easy and secure.

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Latest Updates

  • IDnow offers video chat identity verification 24 hours a day

    IDnow is one of the first German identification service providers to offer AML-compliant video identification around the clock.

    Read more now

IDnow Platform

Supporting identity verification for established financial institutions and innovative fintechs.

As the digital finance industry expands, AML and KYC regulations are becoming an ever-increasing challenge — customer expectations grow, fraudsters get smarter, and regulators around the world are tightening requirements. Furthermore, the regulations vary from country to country. IDnow’s identity verification platform provides the solutions you need, allowing you to stay ahead of fast-changing industry regulations that can so easily affect your business.

IDnow products are designed in Germany. From day one, they have been developed to meet the strict legal requirements in Germany and national anti-money laundering laws. If you need to sign contracts or rental agreements, you can use our IDnow eSign add-on, an electronic signature solution. Here, qualified electronic signatures are issued that are compliant with eIDAS and can replace manual signatures.

Meet your KYC identity verification needs with IDnow’s highly flexible platform and benefit from our extensive experience. Integrating the IDnow platform is as easy and fast as it is to use, and it provides scalable solutions to suit any organization size – from small and medium-sized businesses to multinational enterprises.

Use Cases

Opening new accounts.

Businesses looking to offer their customers the convenience of opening an online account via video chat should ensure a solution across all user channels — from desktop to mobile, Android to iOS. With IDnow VideoIdent, once your customers select their registration option via IDnow mobile app, SDK or web browser, they are then taken directly to our compliant video identification process, executed either by our or your own ident center. After successful identification, the customer data will be transmitted to you immediately, allowing you to verify and approve the new account on the spot – independently of the type of account.

If your local requirements allow it, verification is also possible with IDnow AutoIdent, our automated AI-powered process – anytime and anywhere.

IDnow AutoIdent.

Automated AI‑based ID verification.

Onboarding new customers in Germany.

In addition to IDnow VideoIdent, the IDnow platform includes further AML-compliant identification solutions that, in most cases, use what your customers already have: an electronic German ID card with an activated online identification function and an NFC (Near Field Communication) enabled smartphone or an online bank account. To improve conversion, IDnow VideoIdent can be seamlessly combined with IDnow eID, identity verification using NFC technology, or with IDnow BankIdent, verification with a simple bank transfer.

Securities account opening.

When customers open a securities account online or conclude any sort of loan or leasing agreement, for example, subject to BaFin, apart from ascertaining their identity in compliance with KYC and AML requirements and regulations, they must sign a legal contract. With IDnow eSign, both can be done seamlessly through a fast, easy and secure digital process while maintaining compliance with EU (eIDAS) regulations for qualified electronic signatures. In doing so, the traditionally required handwritten signature can be substituted with a face-to-face equivalent Qualified Electronic Signature (QES), which is equally valid from a legal perspective. Online identification then proceeds exactly as described in the above-mentioned Account Registration. Following account registration and online identification, the customer can view their credit contract and confirm the contract conclusion by ticking the appropriate box and entering a TAN.

The fintech sector is facing more and more regulatory requirements.

Our Handbook FinTech Regulations 2020 will help you to balance increasing AML requirements without compromising customer experience.

Download our Finance industry report
Fintech_handbook

Better for your business.

  • Improved conversion
  • High level of legal compliance
  • Customizable mobile and web integration
  • Secure storage of customer data

Better for your customers.

  • Verification in just a few minutes
  • No additional hardware
  • Simple to use
  • Secure with strong encryption

Let’s talk business.

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