IDnow launches free regulatory information service “KYC Insider”

IDnow a leading provider of Identity Verification-as-a-Service solutions and regulatory expert presents KYC Insider, a free information service on regulatory changes around Know-Your-Customer and Digital Identities in Europe. The lead author is Rayissa Armata, a long-standing expert in the field of regulation.

The digital platform “KYC Insider” provides interested readers with background information and current updates on the latest changes by the regulatory authorities via newsletter. Through her daily interaction with regulators and governments and her close contact with IDnow’s clients, author Rayissa Armata has her finger on the pulse of the sector and knows the needs and background of all parties.

“The regulatory landscape in Europe is highly dynamic. There is a variety of regulated industries and differences in each country – a complex sector. At IDnow, we work with companies in a wide range of sectors and have gained a wealth of experience over the years. I would now like to share this knowledge and provide interested parties with up-to-date and exclusive information via our new platform KYC Insider”, says Rayissa Armata, Head of Regulatory Affairs at IDnow.

“Cooperation with regulatory authorities such as BaFin in Germany (Federal Financial Supervisory Authority) has been essential since the company was founded. When we had the first idea for a video identification service in 2012, it was not yet approved by the authorities. We have now been working closely with the relevant bodies for many years to make our current product portfolio possible” adds Armin Bauer, CTO and co-founder of IDnow.

IDnow has recently been selected by the European Telecommunications Standards Institute (ETSI) to participate in a new working group on electronic signatures and infrastructures (ESI). As a member of the Special Task Force 588, IDnow is part of an exclusive group of specialists who started work in April 2020 to fill existing gaps in identity verification standards. The objective of the Task Force is to develop new standards and guidelines for electronic signatures and related trust services.