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Digital Onboarding

Be sure your customers are who they claim to be.

Digital onboarding supports your process of knowing your customer (KYC). Use KYC as a mandatory process for risk management by identifying and verifying the identity of a new client/end-user or companies’ engagement with your business.

Digital Onboarding can reduce cost up to 70%.

Nets’ eID scheme is flexible, modular and scalable

Our solution is based on long term, in-depth understanding of planning, developing, building and running national secure and stable eID schemes.

We seek to protect the end-user’s privacy by honouring the principles of minimal information disclosure and GDPR requirements.

The solution has a high level of modularity and flexibility, based on architecture that makes it easy for you to implement user-friendly and secure authentication flows.

It is simple to extend the solution with more functionality in the future, including more partial component to suit specific needs.

Digital Onboarding

Digital onboarding supports the KYC process and can help you to minimize the risk of fraud by identifying suspicious elements early when new clients/end-users or companies are onboarding.

The process to know your customer (KYC) is for banks and other financial businesses to evaluate new customers before opening a bank account, issuing a credit card, initiating a loan etc.

The solution gives you the possibility to re-validate customers/end-users periodically over time or when and if suspicious behaviour occurs that cannot be associated with activities the client is involved in.

The solution offers continuous monitoring, and in the onboarding process, attributes are saved in the eID backend, which are used for monitoring transactions and risk assessment.

KYC processes can be used by banks and companies of all sizes for the purpose of ensuring their proposed clients/end-users or business relations are who they claim to be.

You can use KYC as a mandatory process for risk management, and every time when verifying the identity of a new clients that engage with your business.

KYC process

1. Your clients identify themselves using a mobile device, a passport and facial recognition.

2. Reads passports and ID cards with chip that are compatible with ICAO 9303. ID cards issued in the Schengen countries are supported.

3. Re-validate your clients periodically over time or if suspicious behaviour occurs.

​Do you need to be compliant to the European regulations PSD2 or eIDAS?

​Revised Payment Service Directive 2

Banks in Europe must be PSD2 compliant. The key objectives of the PSD2 directive is to create a more integrated European payments market, harmonizing legal framework for consumer protection and the rights by making payments more safe and secure.

The regulation called PSD2 RTS COMMISSION DELEGRATED REGULATION (EU) 2018/389 of 27 November 2017 which is supplementing Directive (EU) 2015/2366 of the European Parliament and of the Council with regards to regulatory technical standards for Strong Customer Authentication and common and secure open standards of communication.

PSD2 seeks to improve consumer protection, make payments safer and more secure, and is a regulatory of technical standards for strong customer authentication and common and secure open standards of communication, including all electronic transactions (i.e., card and bank transfers) initiated by a payer (i.e., consumer).

Nets' eID solution is developed with two separate authentication flows. For the solution to be PSD2 compliant you may not disclose, which of the user credentials is not correct. This security measure challenges the user experience and can be switched off when the authentication flow does not have to be PSD2 compliant.

​Electronic identification and trust services

Governments in Europe using services to verify the identity of individuals and businesses online or the authenticity of electronic documents must be eIDAS compliant.

Services should support different levels of assurance, and users identified with two-factor authentication.

The regulation is meant to support the use of authentication and signatures across European borders, and national eIDs can be used to log in to a service in other countries. The national eID can be registered in the common pool of national eID, so it is accepted on an equal footing with the rest of the EU.

Accepting common levels of security creates trust across countries, and if an authentication nationally is at the level "high", then the rest of the countries in EU can trust it.

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