Idenfy - Empowering Trust with Reusable Identity and Seamless eKYC

Idenfy provides a comprehensive identity verification solution that leverages reusable digital identities and seamless eKYC, enabling businesses to verify identities quickly and securely. Built on top of Regula’s high-accuracy document and facial verification technology, Idenfy transforms paper credentials into cryptographically secure Verifiable Credentials (VCs) that users can use for fast, reusable authentication and approval.

Key Features

1. Identity Verification with Government-Issued Documents

   • Idenfy reads and validates details from official IDs, passports, and other government-issued documents using advanced document processing technology. This ensures both accuracy and compliance in identity verification.

2. Fast and Secure eKYC

   • Idenfy’s high-speed eKYC processing allows users to complete identity verification in seconds, ensuring a smooth and efficient onboarding experience. This reduces lender risk and accelerates approvals, enhancing the customer journey.

3. Advanced Biometric Verification

   • Idenfy utilizes a real-time liveness detection process to capture live images of users, ensuring that the individual is physically present. The captured image is then compared to the image on the government-issued document using Regula’s biometric matching technology, ensuring identity consistency.

4. Reusable Digital Identity

   • Once the verification process is completed, a secure Verifiable Credential (VC) is issued through Crossmint’s API. This VC serves as a reusable digital identity, enabling users to securely access services and share their credentials when needed.

How It Works

1. Document Capture and Validation

   • Idenfy’s document reader technology scans government-issued credentials to capture and validate user information. The process ensures compliance with regulatory standards and helps prevent fraud.

2. Real-Time Liveness Detection

   • During the verification process, a live image of the user is captured, ensuring that the person is physically present. This step helps protect against spoofing and identity fraud.

3. Biometric Matching for Identity Verification

   • The real-time captured image is compared to the image on the government-issued document using Regula’s advanced biometric matching technology. This step guarantees that the captured image matches the document photo, ensuring identity accuracy.

4. VC Issuance

   • Upon successful verification, Idenfy generates a cryptographically secure Verifiable Credential (VC) using Crossmint’s API. This digital identity can be accessed and shared securely, providing users with a reusable, authenticated identity.

Technologies Used

• Astro
• React
• Regula Biometric Algorithms for document and facial verification
• Crossmint API for VC issuance and verification

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Diagram

By using Idenfy, organizations can onboard users faster, reduce risk, and provide a secure and efficient eKYC experience.