Intelligent CIO Europe Issue 10 - Page 82

INTELLIGENT BRANDS // Enterprise Security IDnow launches AI-powered ID Verification- as-a-Service platform ///////////////////////////// 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, 82 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