Finger ID

IDnow has bolstered industry support with its KYC Insider, a free information service on regulatory changes around Know-Your-Customer and Digital Identities in Europe. 

The lead author of the digital content is Rayissa Armata, a long-standing expert in the field of regulation and the Head of Regulatory Affairs at the firm. 

It provides interested readers with background information and current updates on the latest changes by the regulatory authorities via a newsletter. 

Armata emphasised: “The regulatory landscape in Europe is highly dynamic. There is a variety of regulated industries and differences in each country – a complex sector.

At IDnow, we work with companies in a wide range of sectors and have gained a wealth of experience over the years. I would now like to share this knowledge and provide interested parties with up-to-date and exclusive information via our new platform KYC Insider.”

Through her daily interaction with regulators and governments and her close contact with IDnow’s clients, Armata brings a deep understanding of the sector to the platform. 

Armin Bauer, CTO and co-founder of IDnow added: “Cooperation with regulatory authorities such as BaFin in Germany (Federal Financial Supervisory Authority) has been essential since the company was founded. When we had the first idea for a video identification service in 2012, it was not yet approved by the authorities. We have now been working closely with the relevant bodies for many years to make our current product portfolio possible.”

The launch comes after IDnow has recently been selected by the European Telecommunications Standards Institute (ETSI) to participate in a new working group on electronic signatures and infrastructures (ESI). 

As a member of the Special Task Force 588, IDnow is part of an exclusive group of specialists that started work in April 2020 to fill existing gaps in identity verification standards. The objective of the Task Force is to develop new standards and guidelines for electronic signatures and related trust services.