Founders: Armin Bauer, Sebastian Bärhold, Dennis von Ferenczy, Felix Haas
IDnow is a leading identity proofing platform provider in Europe with a vision to make the connected world a safer place. Founded in Munich in 2014, the IDnow platform provides a broad portfolio of identity verification solutions, ranging from automated to human-assisted from purely online to point-of-sale, each of them optimised for user conversion rates and security.
With more than 450 employees across Europe, IDnow has deep regulatory expertise in the European markets. In 2021, IDnow acquired the French market leader for identity technology, ARIADNEXT, and the German identity Trust Management AG, enabling IDnow to offer its customers one of the broadest identification solutions through a single, integrated platform.
Its portfolio of over 900 international clients spans a wide range of industries, and includes leading international players, such as UniCredit, Telefonica, Sixt, Crédit Agricole, BNP, and Munich Re, as well as digital champions like N26, Solarisbank, Younited Credit, Boursorama, Klarna and Tier mobility.
Today, the company has offices in Germany, the United Kingdom, and France and is backed by renowned institutional investors, including Corsair Capital and Seventure Partners.
Recently, IDnow announced the expansion of its platform to include fully automated document liveness capabilities, data checks and Financial Risk Checks as well as new fraud prevention features tailored to the UK market. The new automated document liveness check relies on IDnow’s expertise in video analysis and requires the end user to record a video of their ID document, thus enabling an automated check on the visible security elements of the document, such as holograms.
The new fully automated Know Your Customer (KYC) and Anti-Money-Laundering (AML) services, the latter of which screen against multiple global Politically Exposed Persons (PEP) and Sanction lists, ensure real-time AML compliance at the onboarding stage while allowing ongoing monitoring to confirm compliance post-onboarding.
The new data checks enable a frictionless KYC process which takes just a few seconds, particularly for use cases regulated by the UK’s Financial Conduct Authority (FCA) or by the UK Gaming Commission (UKGC).
These new data check capabilities are added to IDnow’s single platform, thus allowing customers to orchestrate both data checks and document- and biometric-based identity proofing workflows. Data checks are required by the responsible regulatory bodies, while document and biometric checks can be added for other sensitive use cases for an extra layer of security.