By Helen Garneau
Does this sound familiar: You’re finally taking that long-awaited Caribbean holiday. Got your passport? Check. Better keep it handy, because you’ll need to show it eleven times before you hit the beach. Oh, and don’t forget your username and password to your work computer while you’re away on vacation—nothing like spending your first day back sitting on hold with IT trying to resent your password and trying to log back in.
Or this: You’re out to dinner with an old friend when an urgent text pops up — a high-value customer has locked themselves out and needs your help getting back in. Again. Then an email from legal pops up: data regulations changed (again), and there’s been yet another authentication factor added to your systems. Seriously, how is MFA still not enough?
Managing digital identity is a time-sucking, money-burning nightmare. Businesses pour billions into KYC and IDV, only to end up with more friction, more delays, and more CAPTCHA clicks.
There’s a better way. Stop wasting money—start making it.
Here are three ways your digital identity decisions are costing you big — and how Indicio Proven helps you flip the script.
1. You’re spending too much on identity verification (and it’s still a mess)
Let’s be real — making a purchase or opening a new account online can be a nightmare. Businesses spend millions every year on KYC checks, manually verifying documents, and waiting on IDV providers to confirm someone is who they say they are. Meanwhile, you are stuck jumping through hoops, uploading selfies, scanning IDs, and refreshing inboxes, hoping for that magical “You’re Verified” email.
Every minute a business waits is money lost. Cart abandonments, incomplete sign-ups, and frustrated users means money is wasted on a process that actively drives customers away.
How Indicio Proven fixes this:
Indicio Proven transforms identity verification into a revenue-generating asset with verifiable credentials and decentralized identity. With Verifiable Credentials, you can verify your identity once and reuse that verification anywhere. Instead of waiting days for KYC approval, just present a digital credential that proves your identity information — instantly. No need to fill out more paperwork, do repeated checks, or pay extra fees to IDV providers. More importantly, no more lost customers due to frustration.
It’s like getting an express pass at an amusement park — straight to the fun (or in your case, straight to becoming a paying customer).
2. You’re paying for compliance over and over again
Compliance isn’t optional. Regulations like eIDAS 2.0, GDPR, CCPA, and various financial compliance laws mean businesses have to verify identities, minimize personal data storage and purpose and maximize security, and try to meet some level of industry standards. And that costs money — a lot of money.
The problem? Every time you need to verify identity at a different touchpoint, the business essentially pays for compliance all over again. Whether it’s opening an account, making a large transaction, or accessing a new service, the same process is repeated over and over.
How Indicio Proven fixes this:
With decentralized identity and verifiable credentials, compliance becomes portable. Instead of verifying your identity from scratch every time, you rely on credentials derived from information that has already been issued and verified.
You control your data, meaning you don’t have to hand over your personal data anymore for another business to store and secure in order to authenticate who you are the next time you visit. This reduces your risk (of a data breach) and the cost of data compliance and security to the business.
Think of it like a digital passport: Once issued, it works everywhere; but unlike a paper booklet, you can send a verifiable digital passport electronically, anywhere.
3. You’re missing out on the opportunity to make money from identity
Here’s the kicker for businesses: Identity verification isn’t just a cost—it can be a revenue stream.
Right now, companies spend billions verifying identities but don’t make a dime off that effort. Once you verify a customer, the process ends, and you’re left with nothing but an invoice at the end of the month from the IDV you happen to be using at the moment.
But what if you could turn identity verification into a business model and free yourself from expensive IDV bills? What if, after you go through the effort of verifying someone, you could issue a credential that they can use elsewhere—and YOU get paid for it?
How Indicio Proven fixes this:
With Indicio Proven, you don’t just verify users—you issue Verifiable Credentials that other businesses can trust. That means you can build trust networks, where other companies rely on your verified credentials instead of doing their own KYC from scratch. And guess what? They’ll pay you for it.
Think of it as TSA PreCheck. You’ve already proven you’re a trusted traveler, so you don’t have to go through security every time. Now imagine if TSA got paid every time another airline used that verification. That’s the model businesses can tap into with Verifiable Credentials.
The bottom line: Stop losing money and start making it
Picture this: instead of spending time proving you’re a human and jumping through endless verification hoops, you get your information verified once and can use that credential everywhere.
Instead of pouring your budget into more layers of software in hopes you’ll meet some magic threshold of compliance for managing customer data, you have a secure, privacy-preserving system that does the heavy lifting for you.
Instead of identity being a burden, it becomes a business advantage.
This isn’t some distant future — it’s possible right now. The companies that are embracing verifiable credentials today are the ones that will be leading the industry tomorrow.
So, are you ready to stop wasting money and start making identity work for you? The future of digital identity isn’t just about compliance—it’s about opportunity.
And with Indicio Proven, you can finally seize it!
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