The financial sector is constantly balancing secure KYC processes against a seamless customer journey. Inverid provides the solution to have it all: NFC-first mobile identity verification that is easy to use, completely fraud-free, and highly cost-effective for frictionless onboarding.
Identity verification for remote onboarding of new customers, reverification, and more.
Inverid enables AML compliance with the most secure identity verification.
Your customer life cycle doesn't stop after onboarding. Use ReadID for app activation, transaction authentication, and more.
Consumers are increasingly online-minded and expect quick digital services. Physical branches with traditional counters and visiting hours are quickly becoming obsolete, viewed as outdated and a waste of time and energy. Established banks are looking for ways to reduce overhead costs by shutting down obsolete branches, and challenger banks don't even have physical branches anymore.
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 branch visits thanks to a completely online customer journey.
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 anti-money laundering directives is difficult, and banks go through extensive and costly re-verification programs. Inverid can simplify remediation steps in the anti-money laundering processes.
Inverid reduces costs by making re-verification safe and simple. 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.
NFC 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 is 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. Face images in chips cannot be manipulated and have a higher resolution than the printed face image on a physical identity document. This prevents identity fraud and provides a much stronger basis for face verification than optical solutions.
Thanks to these inherent security measures, NFC-based identity verification is also deepfake proof, giving your bank the ultimate defence against identity fraud prevention.
Product owner at Aegon
“We needed reliable, proven technology. Using the NFC solution is much more reliable than OCR.”
Product owner at Aegon
“We needed reliable, proven technology. Using the NFC solution is much more reliable than OCR.”
No branches, goodbye nine-to-five mentality, just top-notch round-the-clock financial service, with a lean and sleek UX, and a process already familiar to digital native generations. 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 expect from challenger banks if you use ReadID technology. Integrate ReadID into your own app through our intuitive SDK, or adopt our ready-to-use ReadID Ready app and customise it to your own brand identity. Your IT staff will love its easy integration and across-the-board efficiency.
"We have grown the online channel for onboarding new customers from 35% to 60% using ReadID"
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"
Product manager Aegon
Learn more about the speed of implementationRead more on ReadID's activities in the financial sector on our blog, or view our webinars.
The EBA's new guidelines present 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.
Deploying customer identification via their smartphone and a passport or ID card prevents fraud and makes onboarding for customers much easier. To this end, Dutch accounting software provider Moneybird is now deploying Inverid's ReadID technology.
The RFID chips in ePassports implement security mechanisms related to privacy, authenticity and clone detection. In this blogpost we give an overview of these and how ReadID implements them.
the Rabobank won with its Mobile Identification service because of its innovative use of NFC-based identity document verification.
ISO/IEC 27001 certified
ISO/IEC 27701 certified
eIDAS module certifications
SOC2 type 2
Cyber Essentials Plus
