ISX Financial secures revolutionary patent for video identity examination

ISX Financial secures revolutionary patent for video identity examination

ISX Financial EU PLC has announced that its subsidiary ISX IP LTD has received a European patent with the number 3850508. This patent, which was granted on August 6, 2025 and will be valid for 20 years on September 12, 2019 on September 12, 2019, the innovative method for the remote check of the identity of a person using video "Know Your Customer" (KYC). The new procedure uses a data connection in conjunction with live video streaming for checking biometric data, which enables a safe and forgery method of identity check from a distance.

The recorded biometric characteristics include face, language, iris, retina, gait, heartbeat, heart rate and fingerprint. This versatile technology allows the configuration of various parameters, including the use of drones for identity check. According to ISX Financial, the development aims at reducing identity fraud and compliance with legal regulations. The company plans to further develop the technology in partnerships and bring them onto the market in order to offer tailor -made financial services in the European Economic Area and the United Kingdom.

Challenges and today's solutions

The introduction of such technologies for the automatic online identity examination in the financial sector and the public administration represents a significant improvement in processes and data quality. As [sabommunications.net] (https://sabcommunications.net/de/Idtitaetrefung-gemae-eu- Regulations/), there are numerous challenges through a fragmented regional specifications get over. Different legal provisions between continents and countries provide a varying practice for identity review, which makes harmonization more difficult.

For example, while in the United States, a concept for confirmation of identity via selfies has failed due to high security risks, in Europe it is working on a uniform solution that is intended to offer the 500 million citizens a uniform standard for digital identity. The introduction of European digital identity is under the framework of the AML and Eidas Ordinance and pursues the highest security standards, including the qualified electronic signature according to real-time video identity testing.

The role of digital identity

With the introduction of Identity Wallets by Eidas 2.0 in Germany, the potential for changing banking and loan processes is recognized. The digital identity forms a central pillar of digitization, and the need to use these technologies across the board is evident. According to der-bank-blog.de, the use of the German oath has increased, but it remains behind the expectations compared to other European countries, such as Sweden and Belgium.

The planned introduction of the wallet, which is to take place from 2025, could contribute to revolutionizing digital processes between financial institutions and users by combining the KYC process and the digital signature in a solution. This would not only improve user experience, but also lead to a sustainable change in the entire loan process by enabling rapid reusability of the identity.