Company Database - ReadID

NFC-first identity verification

ReadID is the leading NFC-first identity verification technology. It allows users to verify identity documents such as passports, ID cards, and driving licenses by means of NFC on the smartphone. We orchestrate with optical and facial verification partners for non-chipped documents and holder verification. ReadID combines the highest conversion and 100% security.

Target group 

Banks/FS
Fintech
Crypto exchange/Blockchain and crypto companies
Merchants/Marketplaces (regulated entities)
PSP/acquirers
Telecom

Supported regions

US

 

Europe
Middle East
APAC
Africa
LATAM

China

Core solution 

KYC/CDD
KYC remediation
Identity verification

Core solution/problems the company solves

Combines 100% security with 95%+ conversion through NFC-first IDV. Easy to use and implement, unlimited scalability because it is fully automated. EU-based. Orchestration with facial and OCR verification.

Technology 

 

Native cloud
Hybrid
On-premise

 

Identity verification 

Identity document scanning via proprietary capability
Video scanning via third party
Personally Identifiable Information (PII) validation via proprietary capability and third party
Compliance check via third party

Online authentication

Behavioural biometrics via third party
Physical biometrics via third party
Device fingerprinting via third party

Decisioning 

Decision orchestration 

Pricing model

Per transaction plus fixed fee. Committed volumes possible. Client-only license-based.

Fraud prevention partners

 

iProov
GBG
Vipps
Idnow
Entrust
Signicat
Nets
AMP Group

Investors Main Capital Partners

Year over year growth rate 20%+

Number of employees 45

Future developments

Full-service provisioning, including optical verification; sales offices in UK and others.

Customers reference

 

UK Home Office
ING Bank
Rabobank
SK ID solutions
Digidentity
Volksbank
ASB Bank
Thirdfort
Vodeno
TheLawStore



Contact ReadID

Moutlaan 32 31 53 4878178
7500 DM Enschede https://readid.com/
The Netherlands readid@innovalor.nl
The Netherlands