An Overview of IDnow
IDnow is a leading digital identity verification platform dedicated to making the identification process for businesses swift, secure, and error-proof. With a passion for innovative technology designed to enhance digital security, IDnow emphasizes its commitment to delivering reliable verification solutions in the industry.
The History of IDnow
Founded in 2014 in Germany, IDnow has been a trailblazer in the digital identity sector, championing a user-centric, accessibility-oriented approach towards verification processes. Over the years, the company has made significant strides, spearheading innovative technologies such as remote biometric identification, e-signature solutions, and video-verification to revolutionize industries and streamline operations.
The Typical Data Processed By IDnow
In the course of delivering digital identity verification, IDnow processes a host of data types to authenticate users. Such data include identity documents (like passport and driver’s license), biometric data (facial recognition), and data acquired through live video identification. This process is geared towards ensuring that the person behind a transaction is, indeed, who they claim to be.
Where IDnow Operates
IDnow operates across the globe, serving various market segments, including financial institutions, sharing economy platforms, and telecommunication companies in different countries. The company’s services are particularly popular in Europe, where they have a broad client base across multiple sectors.
The Key Features Of IDnow
IDnow’s key features revolve around three main components. First, their AutoIdent feature provides AI-based identification in significantly less time compared to manual methods. Next, the VideoIdent solution offers live, video-based identity verification, ensuring personal contact and further enhancing security measures. Finally, the eSign feature enables the signing of contracts and other legal documents online securely. These features help organizations verify user identities digitally and at scale.
The Importance of Monitoring a Vendor like IDnow
Monitoring and comparing vendors like IDnow from a data compliance perspective is vital. Implementing digital identity services involves sharing potentially sensitive customer data. Therefore, understanding a vendor's data processing practices, technology security, and compliance with data protection regulations like GDPR is crucial. This not only ensures regulatory compliance but also builds trust with customers, fostering a healthy business environment.