Money20/20 Europe

Combining user convenience with security for online onboarding is a major challenge that many financial institutions face. However, there is new technology to assist with this challenge: verifying the authenticity of identity documents using the NFC capability of smartphones with the ReadID app. This solution provides a higher degree of security, and increased user convenience, when compared to existing technologies based on optical verification (photo of ID document) or video verification.Join this session for a demonstration of ReadID. RealID runs on common smartphones, reads and verifies the RFID chip that is embedded in ePassports and similar identity documents. This process is simple and secure, without risk of OCR mistakes or typos. Combined with facial matching, a mobile identification process can be instant, taking under a minute to complete.Maarten will present lessons learned from the implementation at Rabobank, which went into production with ReadID earlier this year.