Rabobank Mobile Identification wins EIC 2019 Award
the Rabobank won with its Mobile Identification service because of its innovative use of NFC-based identity document verification.
Identity verification for financial services
Combining secure KYC, AML and great conversion
The financial sector is constantly balancing secure KYC processes against smooth handling and optimal customer experience. Inverid provides the solution to have it all: NFC-first mobile onboarding that is easy to use, completely fraud-free, and highly cost-effective.
Know Your Customer
Identity verification for onboarding new customers and remediation.
Anti-money laundering
Inverid helps AML compliancy with remote identity verification.
Reverification
Your customer life cycle doesn't stop after onboarding. Use ReadID for app activation.
KYC for banks
Consumers are increasingly online-minded and expect quick digital services. Physical branch offices with traditional counters and visiting hours are quickly becoming obsolete. Visiting them for identity verification is increasingly regarded as outdated, if not a waste of time and energy. Established banks are often looking for ways to reduce overhead costs by shutting down obsolete offices, and current challenger banks do not even have physical offices anymore.
The ReadID technology offers an unrivalled customer experience and highly secure mobile onboarding, by combining mobile identity document verification with facial verification. From the comfort of their own home, customers can open bank accounts online within minutes, using just their identity documents and our NFC-based technology. No need for office visits.
AML Compliance made easy
According to the European Commission, fighting money laundering and terrorist financing strengthens global security, integrity of the financial system, and sustainable growth. As a result, banks face strict laws to combat money laundering and terrorism financing. Complying with AML directives is difficult, and banks go through extensive and costly reverification programs. Inverid can simplify remediation steps in AML processes.
Inverid reduces costs by making reverification safe and simple. And by circumventing human interaction, AML processes become more effective. ReadID technology delivers secure reverification, by combining mobile identity document verification with facial verification, without the risk of unnecessary customer churn.
Certified security
The technology is secure, as is our company. We are the most certified in the identity verification industry: ISO27001, ISO27701 and eIDAS compliant certified under ETSI EN 319 401 and ETSI EN 319 411-1/2 standards. We are regularly audited and pen tested, and comply with EBA outsourcing guidelines. Inverid is based in the EU and GDPR compliant.
We build upon electronic identity documents that are impenetrable: data in electronic identity documents cannot be manipulated and is always correctly read. We can detect if a chip was copied. Personal images in chips cannot be manipulated and have a higher resolution than the printed face image. This prevents identity fraud and provides a much stronger basis for face verification than optical solutions.
Rianne Rolsma
Product owner at Aegon
“We needed reliable, proven technology. Using the NFC solution is much more reliable than OCR.”
Rianne Rolsma
Product owner at Aegon
“We needed reliable, proven technology. Using the NFC solution is much more reliable than OCR.”
ReadID for challenger banks
No offices, goodbye nine-to-five mentality, just top-notch round-the-clock financial service, and a lean and sleek UX, speaking to the younger generations in particular. Yet every bank still needs to officially verify your customers’ identities.
Inverid can offer your customers the required safe and swift onboarding process they have come to know and love about you if you use ReadID technology. Integrate in your own app through our intuitive SDK, or adopt our ready-to-use Ready app and customise it to your own brand identity. Your IT staff will love its easy integration, and cross-the-board effectiveness.
Wow your new clients with a smooth mobile onboarding experience, matching your flagship solution's experience.
"We have grown the online channel for onboarding new customers from 35% to 60% using ReadID"
Emy Leemans
Product Manager Customer Onboarding Rabobank
Read about different applications at Rabobank
"It took us only 6 weeks to implement the re-verification technology at Aegon from scratch using ReadID"
Rianne Rolsma
Product manager Aegon
Learn more about the speed of implementationLearn more
In a digital world distance does not exist. But how do you realise enough trust to do business at a distance? In our blog we provide regular updates on this topic.
ISO/IEC 27001 certified
ISO/IEC 27701 certified
eIDAS module certifications
SOC2 type 2
Cyber Essentials
