IDnow’s latest version of AutoIdent is the first automated identity solution to clear the requirements for the Substantial Level of Assurance under the EU’s eIDAS regulations. The new solution is appropriately being marketed as AutoIdent Substantial.
In that regard, AutoIdent Substantial has all of the core features that customers expect from a modern identity solution. The platform offers document and facial recognition, and supplements that with an authenticity check and liveness detection to make sure that the document is legitimate and that right person is holding the ID during the verification process.
While AutoIdent Substantial is a fully automated product, organizations that are interested can supplement the automated identity checks with optional agent reviews. Meanwhile, those that want to use the service for contract signing will have the ability to use a Trust Service Provider to collect Advanced Electronic Signatures (AES).
IDnow believes that AutoIdent Substantial will be especially useful in the healthcare industry, where it can be used to issue health cards and protect sensitive health records systems. However, the solution can ultimately be deployed in any industry, or with any organization that wants an onboarding process that lives up to the latest Know-Your-Customer standards.
“Understanding the industry and the emerging needs of our clients and prospective users, we knew what to do and harnessed our technological and regulatory leadership,” said IDnow CEO Andreas Bodczek. “This is a game-changing development as the benefits of digital identity verification become available to a much wider range of services.”
AutoIdent Substantial should help IDnow meet the growing demand for digital identity verification services during the COVID-19 pandemic. The company reported a 1000 percent increase in selfie authentication traffic in the first six months of 2020, which reflects the fact that people have increasingly been forced to conduct business online rather than in person.
IDnow recently announced the acquisition of Wirecard Communication Services.
November 23, 2020 – by Eric Weiss