Video identification is a method of online identification in which a video agent verifies and confirms a person’s identity via video conferencing. A user can perform video identification from the comfort of his or her own home, for example, to become eligible for electronic signature within a few minutes. Video identification has been used in the banking environment for several years. This guide provides you with the important facts about the video identification process.
The advantages of video identification
The disadvantages of video identification
Requirements for a successful video identification
Application areas for video identification
Digitale Eröffnung eines Bankkontos
According to the requirements of the Money Laundering Act, a person must be identified in order to open a banking account. In the past, this was done in person at the bank branch. Today, various online and direct banks already offer video identification for their customers.
By integrating our Smart Registration Service into your application in the banking & finance environment, you can offer your end customers video identification and thus enable digital onboarding without media disruption.
Identifikation für elektronische Signatur
In certain industries, such as finance or insurance, there are very high regulatory requirements, which means that contracts are often still signed by hand. Meanwhile, the handwritten signature on paper can be mapped in the digital space with the help of the qualified electronic signature (QES). As a result of the steadily growing digitization of contract processing in the company, the QES in such a process removes the final hurdle of a legally secure and unambiguous submission of the declaration of intent.
According to the legal requirements (e.g. EU Regulation eIDAS), a person must be identified once in order to receive and use a QES. For this purpose, video identification can be used in addition to other innovative online identification methods.