Reading Time: 2 minutes
AU10TIX is a global leader in identity verification, identity management and has announced today that it is working with Microsoft on Reusable ID – a revolutionary in verifiable credentials architecture (VC) for identity management.
VCs can be used to prove an individual’s identity and enable safe sharing of biometric and personal information. The VC architecture gives users the ability to share the information they need on demand, such as to open an account, apply to college, pay taxes, and so forth.
AU10TIX’s forensic level document and biometric verification technology, and the award-winning Instinct identification monitoring tool for synthetic Fraud provide strong verification that is encrypted as verifiable credentials assets. Enterprises can simplify and speed up ongoing ID verification, reduce customer Onboarding costs, automate workflows and improve the security of sensitive information. End users can also store their data locally in a digital wallet that is tamper-proof and decide what information to share with third parties.
“Compliance costs and privacy concerns, as well as rising synthetic fraud, show that traditional identity management has been a challenge for individuals and organizations,” stated Dan Yerushalmi CEO of AU10TIX. Verifiable credentials provide businesses and individuals with security regarding who has access to their personal data.
Microsoft Entra Verified ID is a solution that uses AU10TIX 25-years of identity intelligence experience. Businesses can simplify many identity verification cases across verticals, including finance, healthcare and education, hospitality, telecom, entertainment and other. These applications include fraud detection and KYC reuse, money transfer, legal identities, user authentication, insurance claims, as well as fraud detection.
This announcement is a continuation of the collaboration 2021 that rolledout Microsoft Azure Active Directory verifiable credentials. It also brought AU10TIX’s identity verification automation into the Microsoft ecosystem. AU10TIX, a Microsoft Verified ID partner and credential issuer, manages identities based upon attributes such as electronic data, biometrics, documents, and other information.
Deepak Marda (Senior Product Manager at Microsoft) stated that Microsoft plans to include the Reusable ID technology into its third-party flow. This will streamline repeated validation of user identities at crucial steps, while preventing fraud and ensuring regulatory compliance. “Decentralized ID verification in the digital age is a critical imperative. The AU10TIX solution will improve security and reduce friction during online ID verification.”
