Founded in 2014, IDnow provides the world’s most advanced machine-learning technology for its Identity-as-a-Service platform that can verify in real time the identities of more than 7 billion potential customers from 193 different countries. Its patent-protected auto and video identification and e-signing solutions help its clients save money, improve customer conversion rates and streamline the onboarding process. Its 250+ clients include international blue chip companies such as Commerzbank, UBS, Sixt, Unicredit and Telefonica Deutschland, as well as FinTechs including Fidor, N26, wefox and smava and several blockchain-based companies. IDnow was awarded winner of the Most Successful FinTech 2017 in the Citi-sponsored EURO FINANCE TECH Awards in Frankfurt and more recently joined the closely watched 2018 FinTech50 list of the hottest European FinTech startups.
IDnow’s products are delivered from a common platform, which means different business units within an enterprise can leverage them with a central identity repository. IDnow technology uses artificial intelligence to verify that all security features are present on the identity document and is therefore able to reliably detect forged documents. Its AutoIdent product can finish up the identification process 24/7 in 90 seconds or less.