With its Identity Verification-as-a-Service (IVaaS) platform, IDnow has set out to make the connected world a safer place. The unmanipulable identity verification is used across industries conducting online customer interactions that require a high degree of security. IDnow is able to securely check the identities of more than 7 billion customers from 195 different countries. By using artificial Intelligence to check security features on ID documents, the solution can reliably identify forged documents from all over the world.
IDnow covers a wide range of use cases within regulated sectors in Europe as well as for entirely new digital business models worldwide who want to add an extra level of security to their product in order to protect their customers. The platform allows the identity flow to be adapted to different regional, legal, and business requirements on a per-use case basis.
By integrating with IDnow, Mambu customers will benefit from a rapidly evolving infrastructure designed to meet the strict standards for security and compliance. Mambu is architected to be a secure and flexible cloud-native banking platform. The platform is pure SaaS and provides modern and flexible technology to support the growth of modern banking and lending services. It enables customers to use the highly configurable core platform to easily integrate with a pre-selected range of best-for-purpose partners.
Eelco-Jan Boonstra, Managing Director of Mambu EMEA, said: “As financial service providers, our customers face a variety of regulatory and compliance requirements. To achieve greater security for them and their end-users, we continuously introduce new capabilities including services like IDNow. With this integration we are extending the range of security services available to our customers and strengthening our position as a leading secure platform.”
“Every day, we aim to make the lives of our customers easier by offering a convenient and safe way to onboard users. The cooperation with Mambu underlines that promise as it is now possible to use the IDnow services within the Mambu platform,” says Sebastian Bärhold, Co-Founder, Business Development at IDnow.
IDnow enables Mambu customers to use AML-compliant identification solutions that provide the highest levels of security and guarantee their users a seamless and outstanding experience. Mambu customers can thus not only increase the trust of their users, but also significantly improve their conversion rates.
The easy and quick integration of all identification solutions and eSign products through a single API interface is a major advantage for companies. No matter what regulatory background and needs a market has, IDnow offers all solutions on one platform.
Due to the COVID-19 pandemic IDnow sees a huge increase in the demand for digital services. Especially for the AI-based solution AutoIdent IDnow sees an exponential growth in volume. From January to June, an increase of over 1000% in the number of transactions was recorded. With the registration on the Mambu Marketplace IDnow wants to make the access to their products easier.
IDnow was founded in 2014 and has become a leading provider of Identity Verification-as-a-Service solutions. The solutions are used across industries, conducting online customer interactions that require a high degree of security. IDnow is able to securely check the identities of more than 7 billion customers from 195 different countries. By using artificial Intelligence to check security features on ID documents, the solution can reliably identify forged documents from all over the world. With its origins and experience in the strictly regulated German banking industry, IDnow is an expert in security and regulations.
With offices in Munich, London and Paris IDnow serves clients from all over Europe like N26, AIB, Sixt, Solaris Bank, Bank of Scotland, BNP Paribas, Commerzbank, eventim, Raisin or wefox.
Mambu was launched in 2011 with the vision to enable access to modern financial services for all. We make this possible by providing a modern cloud-native banking platform that not only competes with core products from traditional players but changes the market through our composable banking approach. We’re bringing SaaS to banking at a time when it’s needed the most. Our customers range from top tier banks like ABN AMRO and Santander, to leading venture-backed fintechs like N26 and OakNorth to telcos like Globe Telecom. We enable them to build a modern banking or lending offering, in the cloud, by composing a best-for-purpose solution for their needs which is an order of magnitude more agile and cost-effective than the legacy approach to core banking. We’re currently a team of over 450 people spread between our main offices in Amsterdam, Berlin, Singapore, London, Iași (Romania), Miami, Sydney and Vilnius servicing over 160 customers in over 60 countries.