Video identification or video legitimation is a modern way of identifying people online. The German Federal Financial Supervisory Authority (BaFin) first defined the criteria for legally conducting online identification via video in accordance with the Money Laundering Act (GWG) in 2014. The IDnow process is successfully used by various banks, leasing companies, insurance companies, financial service providers and other companies. Compared to analog processes, such as PostIdent, the user can IDnow VideoIdent conveniently from home or on the go.
