Banks & Insurance: EU-AMLR Compliant!Banks & Insurance: EU-AMLR Compliant!
Approximately 80 percent of banks in Germany rely on WebID’s identification and signature solutions for onboarding and re-evaluation processes in the highly regulated banking and insurance sector. With WebID, they can successfully master the transformation process and meet EU-AMLR requirements starting in July 2027.Approximately 80 percent of banks in Germany rely on WebID’s identification and signature solutions for onboarding and re-evaluation processes in the highly regulated banking and insurance sector. With WebID, they can successfully master the transformation process and meet EU-AMLR requirements starting in July 2027.
- EU-AMLR-Compliant
- eIDAS 2.0 Certified
- EUDI-Wallet-Ready
How to Achieve EU-AMLR Compliance in Banking & InsuranceHow to Achieve EU-AMLR Compliance in Banking & Insurance
The complexity of regulatory and legal requirements is significantly increasing with the EU AMLR, becoming mandatory in July 2027. Added to this are other regulations and directives, such as RTS, DIdG, the EU AI Act, eIDAS 2.0, DORA, MiCAR, and the GDPR. WebID supports banks and insurance companies in translating these obligations into auditable, secure identification and signature processes, thereby safeguarding their business and maintaining trusting customer relationships in the long term.
The complexity of regulatory and legal requirements is significantly increasing with the EU AMLR, becoming mandatory in July 2027. Added to this are other regulations and directives, such as RTS, DIdG, the EU AI Act, eIDAS 2.0, DORA, MiCAR, and the GDPR. WebID supports banks and insurance companies in translating these obligations into auditable, secure identification and signature processes, thereby safeguarding their business and maintaining trusting customer relationships in the long term.
Seamlessly Orchestrating the ID Ecosystem in Banking & InsuranceSeamlessly Orchestrating the ID Ecosystem in Banking & Insurance
Agent-assisted Live Video Identification
KYB obligations in accordance with GwG/AML regulations
Semi-Automated Identification Process
Automated Identity Verification via Online Banking
Identification Based on Existing Personal Data
Identification Via ID Card
Sign Contracts Digitally with Legal Validity
More Diversity: WebID Identity HubMore Diversity: WebID Identity Hub
With the WebID Identity Hub, companies benefit from a future-proof, pluralistic identity ecosystem with flexibly integrable features.
With the WebID Identity Hub, companies benefit from a future-proof, pluralistic identity ecosystem with flexibly integrable features.
| VideoID | eID | AccountID | VisualID | TrueID | SignID | |
|---|---|---|---|---|---|---|
| Process | Live | Auto | Auto | Semi-Auto | Auto | Auto |
| ID verification | Video Call | NFC Chip | Bank-Account | Photo/Video | Digital Identity | QES |
| Duration | 4 Min. | 1 Min. | 4 Min. | 1 Min. | 10 Sec. | 23 Sec. |
| App available | ||||||
| Customizable | ||||||
| EU-AMLR | n/a | |||||
| eIDAS 2.0 | ||||||
| Scalability | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| Availability | 7am-10pm | 24/7 | 24/7 | 24/7 | 24/7 | 24/7 |
Overview of Financial Supervision and Data Protection RequirementsOverview of Financial Supervision and Data Protection Requirements
The obligation to comply with the EU AMLR poses new challenges for compliance officers in banks, insurance companies, and asset management firms. This is particularly true in the areas of technology and data risks, consumer and investor protection, as well as risk management and governance. Here is a rough overview of the most important regulatory and legal requirements.
Ensure EU-AMLR Compliance?Ensure EU-AMLR Compliance?
“With our new feature, we are meeting market demand for a fully digital mortgage process while also realizing our own ambition for modern process automation. The digital contract signing optimizes the customer journey through efficiency and speed.”
"The identification solution from WebID makes our day-to-day work easier because it is reliable and secure. If we have any queries, our key account manager is always available to answer them quickly."
