Tagged: idnow

IDNow Says Germany’s Recent Decision to Allow Video ID Validates Strategy

On April 1, 2021, the German Federal Network Agency (Bundesnetzagentur) posted an update on “electronic trust services” in regards to video identification. Pointing to this update, IDNow said the decision to allow AI (artificial intelligence) based identification methods for new use cases in Germany is… Read More

Digital ID Verification Service IDnow Acquires identity Trust Management AG, a Global Provider of ID Software from Germany

IDnow, a provider of identity verification-as-a-service solutions, will be acquiring identity Trust Management, a global provider of digital and offline ID verification software from Germany. IDnow confirmed that it would continue to maintain identity Trust Management’s Düsseldorf location and will retain its employees as well…. Read More

European Investment Bank to Invest €15 Million in German Identity Verification Platform IDNow

  The European Investment Bank (EIB) is set to provide €15 million of growth funding to Germany-based identity verification platform, IDnow. Founded in 2014, IDnow covers a wide range of use cases both in regulated sectors in Europe and for completely new digital business models… Read More

Digital Onboarding Is Being Widely Adopted in Germany after BaFin Introduced Directive to Regulate the Process in 2014

Digital challengers such as neobanks and various other Fintech service providers are beginning to transform many traditional business activities through the digitalization of many different services that previously required laborious manual processes (like accounting). Customer or user experience (UX) has become a key differentiator when… Read More

auxmoney Adds Fully Digital Application for Online Borrowers

German peer to peer lending auxmoney is now offering its customers the ability to borrow legally by using an internet video ID and digital signature. Germany’s largest online lender has partnered with IDnow eSigning to update their process. Germany maintains a very strict application process so incorporating… Read More

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