German FinTechs trust IDnow

IDnow, the provider of Identity Verification-as-a-Service solutions with over 250 clients such as N26, Commerzbank and UBS, has attained a leading market position among Germany’s top FinTechs and banks in recent years. 9 of the top 15 German fintechs* and 5 of the 10 largest banks** use IDnow for simple and fast customer onboarding. No other provider in the market works together with so many of Germany’s top fintechs.

IDnow is currently the most widely used provider of digital contracting and onboarding processes among the country’s most successful FinTech companies. For clients such as N26, raisin or wefox, the highly developed AI and machine learning technology behind IDnow products is particularly important. This enables extremely fast and, above all, reliable processes and first-class results.

“We are very proud that we are so popular among German FinTechs,” says Andreas Bodczek, CEO of IDnow. “Long-term, intensive investment in our technology has paid off and we can present a first-class, stable technology for which our clients appreciate and recommend us.”

IDnow products are also highly regarded in the traditional banking market. Among the 10 most important banks** in Germany, 5 already use IDnow as a partner for online identity verification.

“It is very exciting for us to simultaneously work with the most innovative companies in Germany and world-class banks and to be able to function as a one-stop shop for their various needs. We have invested heavily in our platform technology over the past few years and that pays off for us and our clients,” continues Andreas Bodczek.

The highly developed technology that has helped IDnow to achieve this strong market position now also forms the basis for the company’s latest flagship: IDnow AutoIdent. The product, which is based entirely on artificial intelligence, is the focus of the growth strategy. The innovative, fully automated solution is in great demand, not only in Germany, but also in international markets.

IDnow is on a strong growth course. Having opened a French subsidiary in January this year, the company has successfully built up a team for expansion into the Anglo-American market in recent months. Several months ago, IDnow, under the leadership of former Telefónica Deutschland CEO Andreas Bodczek, announced the 100 million Euro turnover target for 2023.