We’re pleased to announce that FinTech Global has named Electronic Identification one of the 100 most innovative tech companies in the world. The decision was made by a panel of experts and analysts from the tech industry from a pool of 460 companies.

The list contains the 100 regtech companies which all financial institutions should keep their eye on to help them solve challenges and take advantage of the opportunities popping up all the time.

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Thanks to our artificial intelligence and machine learning algorithm (IAML), our video identification technology allows remote IDing that before had to be done in person at the office.

Today there are two possibilities for procedures that call for maximum security like opening a bank account or taking out life insurance: videoconference and video identification (synchronous and asynchronous).

We offer all of those possibilities but our star product is videoID, which makes it completely unnecessary to go to the office to identify yourself or making a call to another person in the back office to confirm the person’s identity. We offer an asynchronous process that allows video identification to increase the conversion rate, reducing time spent right down to a minimum and drastically cutting cost per customer. The entire process takes a maximum of three minutes.

This disruptive technology we developed has also been recognised by the major world player Gartner, which named us cool vendor after just 10 months of production, recognising that we have created a new category in the Internet thanks to our video identification.

We’re very proud of Electronic Identification’s extended family and of the fact that we’re sure that together we’ll continue garnering success.

If you’d like to see all of the 100 companies that every financial institution should know about in 2018, click here to buy the full report.

 

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