ReadID

ReadID, developed by Inverid (formerly InnoValor), is an identity verification solution designed to streamline and secure the identity verification process. According to the vendor, ReadID caters to a wide range of professions and industries, including law enforcement, travel and border control, human resources, gaming and gambling, real estate, banking and financial institutions, government organizations, digital signature services, rental and real estate industry, travel and hospitality industry, trust service providers, legal and compliance, cryptocurrency exchanges, and online marketplaces.

Key Features

NFC First identity verification: According to the vendor, ReadID utilizes NFC technology to securely read and verify information from chipped identity documents, including passports and identity cards from over 170 countries, providing a reliable proof of identity.

Easy to implement: ReadID offers a ready-to-use app called ReadID Ready for quick implementation or can be integrated into existing apps using ReadID SaaS with well-documented APIs. The vendor claims that the implementation process is fast and hassle-free.

Great user experience: According to the vendor, ReadID creates a seamless and user-friendly identity verification process with dynamic animations and an intuitive design. The product aims to achieve over 97% conversion rate and prioritizes customer satisfaction and ease of use.

Security and Compliance: ReadID is claimed to be fully GDPR compliant and holds certifications such as ISO27001, ISO27701, and eIDAS module certifications. The vendor states that it also complies with anti-money laundering regulations and legislation, providing secure identity verification with electronic identity documents.

Secure remote identity verification for the Real estate and Mortgage industries: According to the vendor, ReadID helps combat fraud in property purchases, streamlines digital mortgages and property purchases, enables fast approval for lending in less than an hour, and provides confidence in the identity of buyers.

Mobile & NFC-First: ReadID is said to offer easy identity verification for everyone with a smartphone and an electronic identity document, utilizing NFC technology for secure and convenient verification. The vendor claims that it works on over 2600 models of smartphones and can be used for remote or face-to-face verification.

Highest Conversion: According to the vendor, ReadID is designed for digital natives and aims to provide instant verification results, increasing conversion rates. The product offers dynamic user guidance to ensure a smooth customer experience and supports high conversion rates in digital channels.

Effortless Scalability: The vendor states that ReadID can handle a handful of verifications to hundreds of thousands per day. The product's fully automated technology ensures scalability without manual labor, running on secure public cloud infrastructures and scaling with demand.

Most Secure: According to the vendor, ReadID's NFC-based identity verification is highly secure and tamper-proof, reading and verifying the chip inside the identity document for accuracy. The product claims to detect manipulated and cloned documents with 100% accuracy and can be combined with facial verification for an extra layer of assurance.

Simple Implementation: The vendor claims that ReadID is quick and easy to implement, offering options for integration or a ready-to-use app. The product's SDK can be integrated into any mobile application through well-documented APIs, and the ReadID Ready app can be tailored to the brand's look and feel. The vendor asserts that it reduces implementation time and can be up and running within days.