AuthenticID and 1Kosmos will provide collaborative products to service the workforce, end consumers and citizens with frictionless KYC onboarding and authentication.
The partnership will enable organisations to validate the authenticity of a user’s identity for new account creation, accelerate customer onboarding, reduce costs associated with manual document reviews and deliver a quick and convenient customer experience for deploying password-less access.
The combined strengths of AuthenticID’s identity proofing and 1Kosmos BlockID passwordless authentication technologies are also instrumental in expanding use case support, reducing operational costs and allowing quick and cost-effective scalability, while complying with global privacy regulations.
Jeff Jani, CEO of AuthenticID, said, “Our combined products now allow us to support every identity use case for the physical, digital, blockchain, and metaverse ‘Web3.0’ economies, and become the first identity platform to achieve both highest level certifications in the areas of proofing, verification and authentication of Digital Identity. The combined platform leverages blockchain for credential verification keeping privacy by design principle at the core.”
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