18.03.2022

Author: Johanna Böhm

Auto Ident method

Postident and Video Ident methods are now established mechanisms for proving one’s identity from home. For instance, these methods are necessary when opening a bank account or registering for a qualified electronic signature to be able to conclude digital contracts. From an entrepreneurial point of view, these identification methods offer clear advantages but also require time and cost for execution. In contrast, the new Auto Ident method relies on artificial intelligence and saves human resources within companies.

What is the auto ident method?

Woman performing the auto identification using her mobile phone

Auto Ident is about identity verification, where customers or users prove their identity with an app. In this digital process, there are no video agents who check the corresponding documents, but modern AI technologies.

Concluding mobile phone contracts and activating new telephone numbers always requires an identification process. Here, you can apply an Auto Ident solution that is legally compliant.

To be able to use remote signatures or even a qualified electronic signature, a person always needs to go through a personal identification. In this case, companies can rely on Auto Ident solution provider.

In the financial sector, banks and customers alike benefit from the possibility of automated identification when opening accounts. The required proof of a valid identity document can be checked using AI that the Auto Ident method offers.

Concluding mobile phone contracts and activating new telephone numbers always requires an identification process. Here, you can apply an Auto Ident solution that is legally compliant.

Other application scenarios

Companies are already very interested in the Auto Ident process. Instead of having to frequently use external service providers, as is the case with the Video Ident process, such processes can be carried out faster and more cost-effectively internally using a company’s own app or software. In addition, such solutions are scalable as desired. Banks have special expectations of the Auto Ident. In this industry, various security mechanisms such as identity verification, the deposit of already existing account details and data can be combined with a qualified electronic signature. This would accelerate the digital credit business many times over.

How the auto-ident method works

In the Auto Ident method, the software matches the person and the identity document. In general, mobile apps or other software solutions are used.

1. Verify authenticity

An AI checks the authenticity of identity documents. In this way, you can already reduce many fraud cases.

2. Video-based real-time analysis

The AI uses video-based analysis to recognize authentic security features, e.g., holograms on the ID document.

3. Checking relevant information

The AI uses video-based analysis to identify authentic security features such as holograms on the ID document.

The functionality of the implementation

If you would like to introduce Auto Ident in your company for registration processes or electronic signatures, a corresponding software solution can be integrated into the internal platforms. Auto Ident processes are highly configurable and easily adjusted to individual user needs. For example, identification by photo or video can be configured. The implementation is, therefore, highly customizable.

Advantages of fraud prevention

Auto Ident is particularly popular in the financial sector because it offers a high level of security. The possibility of linking different networks, modern technologies with existing identity and bank data, and a qualified electronic signature (QES) offer a very simple, fast, secure, and, above all, legally compliant identity verification by the Money Laundering Act (AML).

Auto Ident is particularly fraud-proof because the false rate (non-success cases) is far below 1 percent. Furthermore, the security structures of established banking houses are used, and licensed and certified Trust Service Providers (TSP) have their locations in the EU legal area.

Auto Ident vs. Video Ident

The Auto Ident offers clear advantages over the Video Ident procedure:

Faster

Software solutions that learn from application errors and become even better are faster and more efficient than face-to-face checks. Most importantly, this avoids long waits for a staff member.

Cost-saving

With AI, you can immensely reduce human resources costs and relieve employees of unpleasant tasks that often reduce motivation and performance.

Legal compliance

If Auto Ident is heavily regulated, this procedure offers full legal compliance with the requirements of the AML-laws and the eIDAS Regulation.

An identification check using AI requires a qualified electronic signature, the use of existing online bank accounts of the consumers, and a legally compliant identity check with a photo- or video-based comparison of an identity document.

Auto Ident method

What is the auto ident method?

Areas of application

Activation of mobile phone contracts

Authentication of remote signature

Opening a bank account