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Mangesh Bhandarkar

GVP, Product Management
Intelligent Agreement Management

Financial Institutions Can Now Use Mobile Driver’s Licenses to Meet CIP Requirements

FinCEN recently issued a ruling that explicitly allows banks and credit unions to accept state-issued mobile driver's licenses (mDLs) for customer identity verification under the CIP Rule. Docusign ID Verification will soon support mDLs, enabling one-tap, KYC-grade verification for financial institutions.

Consumer uses mobile driver's license for one-tap financial account opening and identity verification

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Intelligent Agreement Management

Financial Institutions Can Now Use Mobile Driver’s Licenses to Meet CIP Requirements

FinCEN recently issued a ruling that explicitly allows banks and credit unions to accept state-issued mobile driver's licenses (mDLs) for customer identity verification under the CIP Rule. Docusign ID Verification will soon support mDLs, enabling one-tap, KYC-grade verification for financial institutions.

Mangesh Bhandarkar
Consumer uses mobile driver's license for one-tap financial account opening and identity verification

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