Name: ReadID
Author: ReadID

Help Desk

Web and Video Conferencing

Customer Support

Bug  Tracking

WebOps

Development

Business Intelligence (BI)

Collaboration

Visual Collaboration

VoIP

Enterprise

Accounting

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

On-Demand Payment

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

3D Printers

API Management

App Development

Browser

Cloud Storage

Component Content Management

Data Observability

Enterprise Architecture Management

Fraud Detection

Hosted Virtual Desktop

Hyper-Converged Infrastructure

Integration Platform as a Service (iPaaS)

Internet of Things (IoT)

Interoperability

MLOps

Network Access Control (NAC)

Network Performance Monitoring

Remote Support

Requirements Management

Security Awareness Training

Session Border Controllers

Voice Recognition

Web Application Firewalls

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Business Card Scanning

Content Management

Content Marketing

Digital Signage

Direct Mail Automation

Email Management

Email Marketing

Event Registration

Marketing Automation

Marketing Resource Management

Online Reputation Management

Search Marketing Intelligence

Social Media Management

Social Media Publishing

Survey & Forms Building

Web Analytics

Marketing

AI Meeting Assistants

Business Caller ID

Professional Services Automation

Project Management

Professional Services

Customer Relationship Management (CRM)

Sales Intelligence

Sales

Data Loss Prevention

Insider Risk Management

Security

Commercial Drone

Construction Accounting

HIPAA Compliance

Multiple Listing Service (MLS)

Smart Cities

Utilities

Vertical-Specific

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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.

IBM Verify, formerly known as IBM Cloud Identity, is an identity-as-a-service (IDaaS) offering that aggregates dynamic user, device and environmental context to automate risk protection and continuously authenticate any user to any resource.

Okta is an enterprise grade identity management service, built in the cloud. IT can manage access across any application, person or device. Whether the people are employees, partners or customers or whether the applications are in the cloud, on premises or on a mobile device, Okta helps IT become more secure and maintain compliance. The Okta service provides directory services, single sign-on, authentication, provisioning, workflow, and built in reporting. ment systems.

Single Sign on

Single Sign on Adaptive

Multi Factor Authentication

Multi Factor Authentication Adaptive

ReadID

Identity Management (IdM) is essentially about creating, maintaining, and retiring individual enterprise accounts for IT security. Identity and Access Management (IAM) systems encompass this but also provide a framework that goes beyond digital identities to providing access to users in various roles in a relatively automated fashion for cost and efficiency, while yet presenting minimal risk to sensitive data or equipment, simultaneously creating an audit trail for lawful compliance. Depending on the implementation needed by the enterprise (i.e. who is logging in and to what largely determines this) these concerns can be somewhat, highly, or totally overlapping areas.

Making comparisons across suites of software and their vendors can be difficult as this apparently singular body of needs is  serviced by vendors in this area in a highly modular fashion who bridge gaps with strategic or technical partnerships and integrations.  But here "Identity Management" Software is defined as software which handles all or some of the tasks related to all of the above, which may be divided into:

-- Identity governance or provisioning (basically role management with workflow controls).

-- Access (authorization or restriction of access to certain information to certain persons across locations and systems).

 ...and the various methods of enabling rapid yet secure access like:

-- Single sign-on (SSO, describes the ability to login to the system once and only once, gaining access to all systems without need for logging in again via help from a server).

-- Multi-factor authentication (using multiple, independent components to gain access, a simple step to increase security, though at a cost of efficiency for each additional step).

-- Password management and self-help for password users.

-- Identity federation, related to SSO, access spanning system boundaries (e.g. cloud access).

-- Directory / User Repository Management for tracking of users with access, and

-- Security Analytics for auditing and compliance...

...and more. IAM software is most usually sold in a modular, configurable pieces-sold-separately fashion, where each module handles some but not all of these needs. Some of the strongest vendors in this area offer high specialization and strategic partnerships with other specializers while other established vendors, via both acquisitions and development, manage to cobble together comprehensive portfolios and subsume all the various needs under one grand suite of comprehensive IAM capabilities. Enterprises have gone both ways.


A later arriving area of identity management software that greatly up-prioritizes speed and ease of access over security is called by the vendors who specialize in it Customer Identity Management, which provides simple customer registration most often via Social Sign-On capability. This allows a user to instantaneously set up an account with a service provider merely by logging in via their preferred social network account; voila, the customer has (safe, limited) access, and the enterprise gains useful information about the potential customer in less than five seconds. While traditional Identity Management Systems offer the capability to do this, smaller vendors who specialize in customer access, with its high-efficiency / low-security demands, sometimes bundle the feature with other common marketing capabilities to leverage the instantly acquired customer data (e.g. email marketing, segmentation, landing pages, etc.), thus creating a (growing) niche of customer-facing identity management systems in the process.

Identity Management

Identity management software manages information about the identity of software users and controls access to corporate resources

ID-Management Access Control

Authorization or restriction of access to information depending on role

ID Management Single-Sign On (SSO)

The ability to login to the system once, gaining access to all systems without the need for logging in again

Multi-Factor Authentication

Using multiple, independent components to gain access

Password Management

Self-help capabilities the help users recover forgotten passwords, etc.

Account Provisioning and De-provisioning

Capabilities for creating user accounts  based on roles, group memberships and business processes

ID Management Workflow Automation

Automated sequence of tasks to simplify processes

ID Risk Management

Identification, evaluation, and prioritization of risks with procedures to minimize, impacts of unplanned consequences

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What is ReadID?