IDnow, a leading pan-European identity proofing platform provider with its UK base in Manchester, has obtained the remote identity verification certification known as PVID (prestataire de verification d’identité à distance) on the level “substantial” for its IDCheck.io service and VideoIdent Qualified Electronic Signature.
Created by France’s National Agency for the Security of Information Systems (Agence nationale de la sécurité des systèmes d’information, the ANSSI), the new framework defined stricter requirements of identity verification providers. It leads the way for select identity providers to effectively fight against fraud – a singular goal across rigorous Anti Money Laundering (AML) laws in France and throughout Europe. PVID raises cybersecurity standards for traditional finance, digital finance, trust services, and beyond.
Introduced in March 2021, PVID certifies providers the ability to offer identity verification as defined by Europe’s Regulation on Electronic Identification and Trust Services, eIDAS Regulation.
Where eIDAS establishes European levels of security to meet the equivalence of a face-to-face verification for various use cases, PVID implements these levels of security to enable compliant digital onboarding for banking and other financial services in France. The certification, issued for two years, allows highly regulated banking or FinServ players to access a robust, secure service offering, thus enabling remote identification while reducing the risk of identity fraud.
France is the first country in the European Union to have established an effective policy for remote identity verification, and was followed by the work of the European Telecommunications Standards Institute (ETSI) on the ETSI TS 119 461 standard, which pursues a similar purpose.
IDnow is only the second private player to obtain the coveted certification, givig it a major advantage in the digital identity proofing market. The certified IDCheck.io Identity Proofing Service and VideoIdent Qualified Electronic Signature offer customers a trusted onboarding process that meets the security requirements of the ACPR (Autorité de contrôle prudentiel et de resolution) and supports the fight against money laundering and fraud, allowing banks flexible, simple, and fast digital paths to improve conversion rates through 100 per cent remote identification, equivalent to a face-to-face process.
“Obtaining PVID certification is a source of great pride and validation for IDnow and a real recognition of our expertise in the digital identity market in France,” said Rayissa Armata, senior head of regulatory affairs at IDnow.
“As the regulatory landscape aims to extend its reach to additional digital services across Europe, PVID offers national regulators an example of a consistent framework that places privacy and security at its forefront.
“Beyond France, PVID represents one more step for IDnow in its ambition to offer its customers the most secure solutions certified by reference organizations, such as ANSSI. Standards like PVID or TS 119 461 have the potential to be building blocks for future onboarding regulations across geographies and applications, like digital identity wallets.”
