Social Distancing and the associated home office lead to an increased demand for online identification of users and gives a push towards digital signatures.
The providers with secure and user-friendly solutions that existed before Corona are now increasingly expanded by FinTechs.
As a result, the tedious and time-consuming KYC process, e.g. when opening bank accounts, or the internal processing time in companies can be significantly shortened through faster approvals.
User identification via video
Both Deutsche Bank and the Fintech Trade Republic use Webid for user identification via video: “Frank Jorga has a feeling for how the Fintech industry is doing right now. “The winners are currently crystallizing out,” says the head of the Berlin Ident start-up Webid”
Solution for digital signatures
The number of providers and tools in the field of digital signatures is huge, as there are a large number of possible applications depending on the business.
In the B2C business, it is increasingly important that users do not have to identify themselves anew every time they log on, while security must remain guaranteed. Fintechs such as Verimi, Fractal and Passbase are also active in this area.
Webid has recognized this trend, the platform is for example linked to Verimi. “If someone has already identified themselves there or is in our database, we can accelerate the process,” says Jorga.
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