IDnow, the European identity proofing platform, introduces new automated document liveness capabilities, data checks, financial risk checks, and fraud protection tools. Stay secure with IDnow’s advanced identity verification features.
The completely automated document liveness capabilities, data checks, financial risk checks, as well as new fraud protection tools, have all been added to the European identity proofing platform IDnow.
IDnow intends to better assist its customers in fending off fraud concerns as it develops its platform for identity proofing for the UK market. Additionally, a central, no-code workflow management tool will be a part of the platform expansion.
The automated document liveness check generated a lot of enthusiasm on the identity-proofing platform. The verification process necessitates that the end user take a video of their ID card. This allows an automated inspection of the card’s holograms and other visible security features. Companies can use this capability to combat the growing danger of fraud from fake documents.
The package also includes new KYC and AML services that are entirely automated. To ensure that fintechs, cryptocurrency providers, and other more traditional financial service providers can benefit from an alert management capability and audit history with customised alert matching, IDnow AML services screen against numerous global Politically Exposed Persons (PEP) and Sanction lists.
According to IDnow, updated data checks should allow for more “frictionless” KYC procedures that are optimized for use cases governed by the UK Gaming Commission (UKGC) or the Financial Conduct Authority (FCA). With an additional layer of protection to safeguard enterprises, the system has also taken into account less regulated use cases.
This market’s “game changer,”
The site now employs its own technology for fraud protection. Using biometrics, documents, devices, and other data sources, this technology gathers risk indications.
Additionally, IDnow is working with law enforcement organizations to give the company’s committed fraud team access to the most recent information on fraud techniques and methods used all around the world.
The expansion was highlighted by IDnow’s chief commercial officer, Bertrand Bouteloup. “We can combat the most advanced fraudsters with the aid of our AI-powered engine, which employs the most up-to-date fraud prevention capabilities, and we can enable our crypto, fintech, and financial customers to grow their businesses with confidence while also being a strong partner for major financial institutions at the same time,” he claimed. In this market, our document liveness feature has unquestionably changed the game.
“We’re happy to be able to improve our platform’s availability, particularly in the UK, to support our clients’ efforts to combat fraud, achieve compliance, and foster confidence throughout Europe and beyond. Our customers can simply expand their services and rely on a platform that achieves compliance with the strictest regulatory requirements in the UK, the EU, and elsewhere thanks to these new functions and our strong regulatory experience.
