Yggdrasil set for Greek market entry after licensing approval – European Gaming Industry News

Reading Time: 2 minutes


IDnow permits an automatic identification verification answer for extremely regulated use instances, complying with Anti-Money-Laundering-Law in Europe, together with Germany.

IDnow, a number one European Platform-as-a-Service supplier for identification verification, is increasing its automated answer AutoIdent for extra extremely regulated use instances, together with areas regulated by the Anti Money Laundering Act (AML/GwG), comparable to banks and monetary service suppliers.

IDnow AutoIdent is an AML Act compliant identification verification answer that operates as an automatic course of and meets the high-security requirement. It serves a variety of industries and use instances, comparable to opening a checking account, signing a mortgage settlement, or onboarding a participant for on-line gaming. Taking benefit of a Qualified Electronic Signature (QES) and present on-line financial institution accounts of the consumer, it seamlessly blends state-of-the-art applied sciences with present identification and banking information into a straightforward, safe and totally compliant identification verification course of.

IDnow AutoIdent together with QES, is licensed by a conformity evaluation physique and is accredited by an EU Member State National Regulator for issuing QES (Qualified Electronic Signature) in line with eIDAS Regulation Article 24 (1) d). The course of can embrace a one-cent-bank switch, turning it into a totally compliant distant onboarding answer in accordance with the German AML Act – Geldwäschegesetz (GwG), underneath Section §12 sentence 1 Nr 3. According to the AML regulation, automated identification proofing in reference to a reference transaction is permitted, pursuant to Article 32 eIDAS.

“Our perception in offering a complicated identification verification platform which will increase safety improves conversion and streamlines our prospects’ onboarding course of throughout geographical borders drives us ahead. By making our automated answer AML-compliant with extra laws, our prospects can supply a sooner course of and due to this fact a greater consumer expertise whereas guaranteeing excessive safety and regulatory requirements. This offers our prospects, who function in a continually evolving surroundings, the peace of thoughts and the pliability to decide on the answer that meets their wants greatest,” says Andreas Bodczek, CEO at IDnow.

The IDnow platform, which incorporates AutoIdent as a constructing block, effortlessly orchestrates all needed elements right into a seamless, safe and AML-compliant identification verification.
Depending on the client’s wants, the onboarding course of presents whole flexibility. Further elements of the IDnow platform can added, e.g., eSign, the add-on for the digital contract signing opening up extra use instances comparable to taking out a shopper mortgage in a completely digital course of.

In latest years, IDnow has expanded its function far past providing particular identification verification merchandise and has grow to be an overarching platform for digital identities with a number of million transactions per yr, utilized by over 800 prospects worldwide. In 2021, IDnow acquired the French market chief for identification expertise, ARIADNEXT, and the German identification Trust Management AG, enabling IDnow to supply its prospects one of many broadest identification options by means of a single, built-in platform.

Related Posts