Banking & Financial Services
AMLR and eIDAS-compliant identity verification using Nect Ident and QES
Established in over 30 industries in Europe
4.7 in App Store and Play Store • >140,000 reviews • > 16 million wallet users
All-in-Trust Service Platform for natural and legal persons
AMLR and eIDAS 2.0 ready with Nect
In practice, a pure EUDI connector is not sufficient: missing fallbacks and unknown PINs lead to drop-outs and significant conversion losses.
Nect’s All-in-Trust Service Platform solves this problem end-to-end. An AI-powered logic layer detects the individual user situation in real time and automatically directs them to the optimal procedure – eID, automated Video-Ident, Re-Ident, EUDI wallet, or ePass.
This prevents a patchwork of individual identification methods, creating instead a seamlessly guided, intelligent process from a single interface.
The result: maximum conversion, reduced process costs, and a consistently better user experience. Find out more in the booklet.
Fulfill regulatory cascades & avoid poor usability, high costs, etc.
The upcoming AMLR and eIDAS 2.0 change and tighten the requirements
The AMLR and eIDAS 2.0 (+ ETSI 119 461 v2) transform Customer Due Diligence (CDD) from a one-time entry barrier into a continuous, annual process. This can only be efficiently managed through a fully digital, highly scalable solution. At the same time, the requirements are becoming more stringent:
Re-KYC, periodic review becomes mandatory - annually/every 5 years
Photo-Ident is not AMLR-compliant
Video-Ident is no longer permitted as a primary identity verification method
Financial service providers must effectively accept EUDI wallets
Financial service providers require fully automated high-assurance CDD (QES)
AMLA & EBA increase audit pressure
The solution: QES via fully automated Video-Ident
Part of the Nect ecosystem is our expertise in personal identification with Germany’s largest digital identity wallet, serving over 16 million citizens. This includes the eID, the EUDI wallet, and the QES based on fully automated identification.
Simplified and enhanced due diligence using QES
Modular technology for the highest demands
Traditional identification methods are neither efficient nor future-proof in today’s banking environment. PhotoIdent is not AMLR-compliant and is susceptible to manipulation; VideoIdent is based on manual processes, making it error-prone and hardly scalable. Reference transfers are also no longer a regulatory requirement and unnecessarily burden the user experience. At the same time, interoperability and technological sovereignty are gaining political and regulatory importance – banks and FinTechs need identification solutions that are secure, scalable, and European-sovereign.
Security without Compromise
The automated video identification procedure offered by Nect is certified according to Art. 24 para. 1 letter (d) eIDAS and thus meets the requirements for the security of an on-site check. According to the current audit by an accredited conformity assessment body (November 2023), both the use of ePass (passports & ID cards) and the automated video identification procedure are rated with a high level of trust.
Made in Europe, hosted in Germany
The entire technology – from research and development to operation – is implemented in Hamburg. We rely on three ISO-270001-certified German data centers with our own hardware and thus avoid the use of third-party clouds. This allows us to meet the relevant legal and regulatory requirements, in particular the General Data Protection Regulation (GDPR), the Federal Data Protection Act (BDSG), and the information security requirements according to ISO/IEC 27001.
Fraud prevention through real-time and liveness checks as well as age verification
Best in Class User Experience
Around 16 million people make the Nect Wallet App the most used ID Wallet in Germany. With 4.8/5 stars, it is the highest-rated ID Wallet app in Germany. We achieve excellent success rates. The initial identification of users reaches a rate of 96%, and ReIdent achieves an unrivaled rate of 100%. Our ReIdent is a fully digital re-identification process where already identified users can quickly, securely, and seamlessly reconfirm their identity for new or repeated processes – without having to go through a complete new identification.
Account Opening Use Case
Do you know your customers? Take precautions and actively prevent fraud with our patented identity verification. Automated Video-Ident, online ID function, or international passport: always identify your customers according to regulatory requirements.
Account Openings
Initial Verifications
Age Verification
Risk-based KYC
Remote Onboarding
ReKYC Use Case
With Nect ReAuth, banks and fintechs make the re-authentication of their customers fast, secure, and convenient. Customers confirm their identity in seconds via their smartphone – without any passwords or additional hardware. At the same time, you meet the highest security standards and regulatory requirements such as DORA and AMLR while minimizing fraud risks and increasing conversion.
Onboarding + Update
Login & Session Update
Compliance & Regulatory Requirements
Customer Data Changes
Account Security
Loan Application Use Case
With Nect, banks and fintechs digitize the entire loan application process – from identity verification to payout. Applicants identify themselves in real time via smartphone without media disruption, branch visits, or video calls. The result: faster closings, lower abandonment rates, and a fully AMLR- and GDPR-compliant process with maximum security and user-friendliness.
Identity Verification
Age and Eligibility Verification
Digital Signature / Contract Conclusion
Risk and Anti-Fraud Check
All-in-Trust Service Platform for natural and legal persons
Trust & Acceptance Layer for highly regulated companies
Identification methods guide users to the appropriate verification process. While banks must connect the EUDI wallet, a pure connector is not enough, as many users do not have the wallet installed or do not know their PIN. Frequent switching between methods like Video-Ident, eID, or EUDI wallet lowers conversion. A logic layer should therefore automatically select the best method and guide users directly there. If it is also used for alternatives like the ePass, the obligation becomes a solution that increases conversion, reduces costs, and simplifies identification.
Cedric Boy Beeg
Banking & Financial Services
Our solution already meets the requirements of AMLR, eIDAS 2.0, and ETSI 119 461 v2, is eIDAS-certified, and offers QTS (QES) as well as identification procedures at the “high” assurance level according to Gematik approval.
The architecture already fulfills new ETSI requirements (video, NFC, combined deepfake and injection protection). With an integrated identification stack, a single integration covers all three AMLR paths: eID, EUDI wallet, and QTS with QES/EAA. Patented mechanisms such as spoken random words significantly increase protection compared to traditional video or photo identification methods – a strong argument for regulators and risk management.