A great way to get started although it may not scale well with the organization.
Rating: 7 out of 10
IncentivizedUse Cases and Deployment Scope
Being in the blockchain/web3/crypto space comes with ever-changing regulations or the lack thereof. IDnow has done a fantastic job of staying ahead of the market by becoming a bit of a thought leader. They have done a great job of garnering the public's trust with their well-documented process and it allows us all to feel confident that our KYC process is solid.
Pros
- Regulatory requirements.
- AML requirements.
Cons
- Customer service.
- Less buggy identification process.
- Wait time for support.
Likelihood to Recommend
It's a good way to get up and running with a KYC process, albeit a bit clunky once set up. I would not recommend IDnow to an enterprise-level company because I think it's more conducive to a smaller, mid-sized business more so than a larger organization looking for all the bells and whistles.
Vetted Review
1 year of experience