IDNow enhances offering with launch of AML-compliant video identifications


IDnow, a specialist platform-as-a-service provider for identity verification, has strengthened its offering with the launch of AML-compliant video identifications around the clock. 

As part of the offering expansion, users are able to perform non-automated identity verification procedures at any time thanks to the overnight operation.

Bettina Pauck, COO of IDnow, commented: “With the extended service hours with 24-hour availability, we give our users even more freedom and enable our business customers with tailored support even better accessibility, higher customer satisfaction and of course the possibility to identify more customers per day. 

“No matter what industry you are in or what your use case is – opening a bank account, foreign exchange trading or player verification, we are here for you. For a convenient process that fits into the fast-paced, digital-centric everyday life of users, such a factor is essential.”

The new service offering, which is available in English and German, underlines IDnow’s strategy of focusing on the user needs and providing an easy and quick identification – whenever and wherever a customer wants.

Furthermore, IDnow focuses on providing a highly secure and reliable structure – with a diversification to a total of 20 geographically distributed ident center locations. 

It comes after the firm, at the end of last year, boosted its growth ambitions after it was announced the European Investment Bank (EIB) will provide it with €15 million of growth funding. 

EIB Vice-President Ambroise Fayolle, who is responsible for EFSI and the bank’s operations in Germany, emphasised at the time: “IDnow, a first-time borrower for the Bank, depends on significant R&D and marketing investments related to commercialisation.

“The transaction is an excellent example of how the EU bank,  with the support of the Investment Plan for Europe, can facilitate the development of innovation, in particular in sensitive policy areas such as anti-money laundering, counter-terrorist financing and cybersecurity, which  are of utmost importance for the European Union and its economy.”