The financial sector must balance the requirement for secure KYC processes against the desire for seamless customer journeys in a digital world.
Inverid provides the solution to have it all: remote NFC-based mobile identity verification that is easy to use, completely fraud-free, and highly cost-effective for frictionless onboarding and beyond.
Comply with regulations and guidelines with the most secure technology for remote identity verification - NFC.
Your customer life cycle doesn't stop after onboarding. Use ReadID for app activation, reverification, and more.
The highest first-attempt conversion rates thanks to a quick and easy user flow.
We’ve worked with financial services around the globe for a variety of use cases throughout the customer journey.
Automate the entire customer journey from onboarding, KYC remediation, account recovery, step-up authentication, mobile app activation, and more.
All of these processes are powered by 100% correctly read data- no OCR mistakes, and secure proof that an identity document is authentic, untampered, and original. ReadID creates the perfect basis for fully automated customer journeys without compromising on security.
Head of Customer Events at Rabobank
“We have grown the online channel for onboarding new customers from 35% to 60%."
Head of Customer Events at Rabobank
“We have grown the online channel for onboarding new customers from 35% to 60%."
Reduce abandonment and increase first-attempt conversions thanks to the unparalleled UX of ReadID. The average chip reading takes just 7.5 seconds, and there is no need for manual data correction by the end user.
Utilising chipped identity documents and NFC-capable smartphones in a simple and easy to understand process, the chip of an identity document can be read in seconds. Self-service remote identity verification, with no customer agents required.
Senior Project Manager at ASB Bank
With NFC we created a high-quality customer journey and the number of customers who no longer need to visit a branch has increased fivefold."
Senior Project Manager at ASB Bank
With NFC we created a high-quality customer journey and the number of customers who no longer need to visit a branch has increased fivefold."
NFC technology is the most secure form of remote identity verification. Any manipulation of the chip will be detected, as well as duplication attempts, and the high-resolution facial image extracted from the chip is the ideal basis for further biometric verification like liveness checks.
This security is widely recognised by analysts like Gartner and also by certifying bodies, as reflected in our industry-first certification package.
Ensure regulatory compliance at all times thanks to the security by design of NFC. Whether KYC, AML or the EBA Guidelines, NFC ensures that you can carry out your operations in the most secure manner.
Eliminate the need for 1-cent transactions and improve customer experience. The power of NFC is already recognised- in Austria, NFC-based identity verification is mandatory for financial service providers thanks to its ability to secure remote capabilities.
Product Owner of Online at Aegon
"We needed reliable, proven technology. Using the NFC solution is much more reliable than OCR."
Product Owner of Online at Aegon
"We needed reliable, proven technology. Using the NFC solution is much more reliable than OCR."
Read 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.
Rabobank won the EIC award with its Mobile Identification service because of its innovative use of NFC-based identity document verification to improve customer experience in the online onboarding channel.
ISO/IEC 27001 certified
ISO/IEC 27701 certified
eIDAS module certifications
SOC2 type 2
Cyber Essentials Plus
