Streamline onboarding in banking with NFC identity verification to increase customer conversion. Automate your KYC and comply with AML requirements, no matter the region of your bank.
We're inside banks, fintechs, and financial services worldwide.
Secure Identity Verification in 3 simple steps
Identity Verification for banking is made easy with NFC-First remote identity verification.
ReadID reads the contents and authenticates the chips in electronic identity documents, enabling highly secure onboarding without sacrificing customer experience.
Onboarding customers in the most secure and compliant way doesn't have to mean sacrificing conversion.
Via the NFC capabilities of modern smartphones and Inverid partner orchestrations, your customers can verify their identity, including the authenticity of their identity document and biometric holder verification, in less than a minute.
Serving customers that don't have chipped identity documents? ReadID has an optical fallback to ensure no customer is missed.
Head of Customer Events at Rabobank
“We have grown the online channel for onboarding new customers from 35% to 60% and the feedback we receive from app users includes comments such as 'is fantastic', 'fast', and 'clear'.”
Head of Customer Events at Rabobank
“We have grown the online channel for onboarding new customers from 35% to 60% and the feedback we receive from app users includes comments such as 'is fantastic', 'fast', and 'clear'.”
Fraud is a growing problem in every industry in the digital age, but its consequences are perhaps felt the most harshly in banking.
As AI-generated deepfakes become more advanced and believable, optical identity document verification doesn't cut it to protect banks and their customers from the cost of fraud.
Deepfakes don't have chips in their AI-generated fake IDs, and ReadID can detect when a physical NFC chip has been manipulated or is a copy.
Product Owner at Aegon
"We needed reliable, proven technology. Using an NFC solution is much more reliable than OCR."
Product Owner at Aegon
"We needed reliable, proven technology. Using an NFC solution is much more reliable than OCR."
In the digital age, customers expect their onboarding experience to be seamless, easy, and instant.
Automated KYC processes reduce customer dropout and save time for your employees, as no human intervention is necessary in ReadID's process.
ReadID was identified as a Top 10 Innovator in KYC Solution Providers by GRC Outlook.
Accept customers from anywhere in the world at any time, fully automated, with no human input required to stop fraudsters from gaining access to your services.
Manager Digital Florius at ABN AMRO
"We chose ReadID because it is fully automated, without any human interaction. This brings us instant identity verification 24x7."
Manager Digital Florius at ABN AMRO
"We chose ReadID because it is fully automated, without any human interaction. This brings us instant identity verification 24x7."
With ReadID, implementation into your current mobile banking app is a breeze thanks to well-maintained SDKs and a wide array of documentation.
Don't have an app, but still need to carry out KYC checks? ReadID Ready is a ready-to-use app that can be branded to your specifications and enables you to start the customer verification flow from an app-to-app, email, or QR code flow.
If you require a seamless web-like flow, ReadID's SDKs are also small enough to become App Clips, enabling customers with iPhones to verify their identity without downloading anything. App Clips are an iOS-only functionality, so Android users will be directed to the Play Store to download the relevant app via the same flow.
Stay up to date with the latest developments in the identity sphere for banking.
As digitally accessible services grow, so too do the number of regulations they must comply with. Banks face strict Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements, which require verifying the identity of new and recurring customers.
The EBA allowed for some serious amendments to the original text, weakening the recommendations on identification technologies. These amendments open the door for fraudsters and will lead to higher costs for mitigating measures.
As an industry we are often speaking with customers who view abandoned sign-ups as losses. In the age of deepfakes, we can expect MORE fraudulent applicants, so will the business analysts be agonising over increasing imagined losses or counting the bullets dodged? Where does 100% conversion with zero friction lead you?
ISO/IEC 27001 certified
ISO/IEC 27701 certified
eIDAS module certifications
SOC2 type 2
Cyber Essentials Plus
