Body
FinTechs belonging to this category provide identification services, which are required for most banking services.
Introduction
Attitude of the country towards identification services
That kind of services are offered by companies without being regulated. Scoring companies provide this service as well.
Legal affairs
Obligations and requirements to provide identification services
No license is needed.
Additional comments regarding the legal situation for identification services or what FinTech’s must be aware of in this business area
N/A.
Economic conditions
Market size for identification services and biggest companies in this business area
The market is big, because such service is provided by law firms, scoring companies as well as third-party providers. There is enough space for new companies because the identification service is mandatory for financial companies in general.
Additional comments regarding the economic situation for identification services or what FinTech’s must be aware of in this business area
N/A.