Identity Verification Provider IDnow Pioneers in Europe, Establishing a New Industry Standard
IDnow Achieves ETSI 119 461 v2.1.1 Certification: Boosting Compliance and Security for European Businesses
IDnow, a leading European identity verification platform provider, has recently achieved certification under the ETSI 119 461 v2.1.1 standard. This achievement comes as a significant milestone, particularly for businesses navigating the complex landscape of identity verification and compliance with Anti-Money Laundering (AML) regulations.
Regulatory Compliance and Trust
The ETSI 119 461 standard, set by the European Telecommunications Standards Institute, focuses on electronic identity verification solutions. IDnow's v2.1.1 certification signifies that its identity verification technology meets stringent requirements for security, privacy, and reliability as defined by ETSI. This certification ensures that the identity verification processes adopted by businesses via IDnow comply with key regulatory frameworks, such as the EU's AML Directive (AMLD 5 and AMLD 6) and the broader GDPR privacy requirements.
Enhanced Security and Fraud Prevention
The certification guarantees that IDnow’s technology uses secure methods of verifying identity documents and biometric data. This helps businesses protect themselves from identity fraud, money laundering, and terrorist financing by reliably confirming the true identity of their customers digitally. As financial institutions, fintech companies, and online service providers face increased regulatory scrutiny, this feature is crucial.
Streamlined Customer Onboarding
Businesses can leverage IDnow’s certified solution to speed up and automate customer onboarding while maintaining compliance. The digital identity verification experience offered by IDnow is user-friendly, legally recognized, and helps reduce manual checks, lower operational costs, and minimise onboarding drop-off rates.
Cross-Border Recognition
Because ETSI standards are widely accepted in the EU, the certification facilitates cross-border recognition of the identity verification process. Companies operating in multiple European countries can standardise their identity verification practices with confidence that they meet pan-European requirements.
Competitive Advantage
Using a certified identity verification provider like IDnow can serve as a competitive differentiator. It signals to customers, regulators, and partners that the business takes compliance and security seriously. This can increase customer trust and facilitate quicker market entry or scaling efforts.
By 2027, all banks that operate in Europe will be required to work with providers that are certified to the ETSI 119 461 v2.1.1 standard. IDnow leads the way in enabling compliant, secure, and user-friendly identity verification across all major digital channels. The European Commission has selected ETSI 119 461 v2.1.1 as the standard for AML-compliant identity verification for qualified trust services and the upcoming Anti-Money Laundering Regulation (AMLR). ETSI 119 461 v2.1.1 is the technical standard widely considered the 'compliance benchmark' for remote identity verification in Europe.
In essence, IDnow’s ETSI 119 461 v2.1.1 certification provides businesses a robust, regulation-aligned identity verification foundation critical in today’s increasingly digital and regulated environment. IDnow's identity verification and fraud prevention platform supports all of the above identity verification options and combines certified biometric checks, real-time fraud prevention, and seamless orchestration.
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