Verifiable credentials for banking
Verify a customer once.
Trust that identity across your business.
Financial institutions verify a customer one time, with authenticated biometrics and validated documents, then issue a credential the customer carries on their phone. Every interaction after that, online, by phone, in the branch, or through an AI agent, is confirmed by cryptography in an instant. No repeated KYC. No personal data pooled in high-value central databases. A structural defense against deepfakes and synthetic identity fraud.
Platinum · Banking Fraud Prevention
Juniper Research 2026 Future Digital Awards
Strategic partnership · March 2026
IDEMIA Public Security + Indicio:
portable, reusable KYC
IDEMIA’s world-leading biometric identity proofing, combined with Indicio’s interoperable Verifiable Credential platform. Organizations turn trusted onboarding into reusable credentials that move instantly across institutions and borders, with protection against deepfake and synthetic identity fraud built in.
Biometric identity proofing
IDEMIA’s root-of-trust verification with liveness detection and document authentication.
Portable credentials
Verified identity converted into a reusable Verifiable Credential the customer controls.
Cross-border ready
Standards-based interoperability for KYC, stablecoins, digital assets, and DeFi compliance.
Read the announcement →“We’re enabling enterprises to rapidly expand their digital identity footprint while reducing the complexity and cost of cross-border compliance. This is a pivotal step toward true global portability and interoperability for digital credentials.”
IDEMIA Public Security, partnership announcement, March 2026
Why it’s different
Reusable identity, not another point check
Today the same customer is verified again and again. Each new venue, product, or partner re-collects and re-reviews identity, biometric, and accreditation evidence that was already gathered. A reusable credential lets one verification event stand across all of them, so the check travels with the customer instead of being re-run.
vs. identity verification vendors
Reusable, not one-and-done
Conventional IDV confirms a person once, for one relationship, and the result stays inside that system. Here the verified identity and authenticated biometrics are packaged into a signed Verifiable Credential the customer holds and re-presents. The verification becomes reusable rather than repeated.
vs. other credential providers
High assurance, and deployed
Credentials are issued with government-document authentication and biometric binding at NIST IAL2/IAL3, the root-of-trust standard KYC/CIP requires, not self-asserted claims. And it runs in production today, including the first digital passport credentials based on ICAO specifications and a multi-format wallet for financial KYC.
If you trust the issuer of the credential, you can trust the information it carries.
Compliance, risk & product
Questions teams ask first
Does this meet our KYC/CIP and regulatory obligations?
The credential carries identity verified to NIST SP 800-63 IAL2/IAL3 and eIDAS High, and the approach aligns with the direction of MiCA, eIDAS 2.0, and the GENIUS Act.
In its March 2026 report to Congress, the U.S. Treasury described Verifiable Credentials as a pathway for financial institutions to conduct customer identification and verification while minimizing the sensitive data collected. That is the mechanism this solution implements.
What about deepfakes and synthetic identity fraud?
Biometrics are authenticated at issuance with liveness detection, matched to a government-issued document, then cryptographically bound to the credential. A deepfake can’t forge a cryptographic signature.
That gives a structural defense against synthetic fraud rather than a probabilistic one, and any credential that is compromised, or whose holder’s status changes, can be revoked.
Where does personal data live, and how is privacy handled?
Personal data stays off-chain and under your existing controls. What moves is the proof: a cryptographic credential any counterparty can verify in an instant, with no database lookup and no call back to the issuer.
Consent is built in, attributes can be selectively disclosed, and storage isn’t required, aligning the solution with GDPR and privacy-by-design.
U.S. Department of the Treasury
“Verifiable credentials offer a potential pathway to mitigate identity fraud and other sources of identity-related illicit finance risk.”
Report to Congress, March 2026. Verifiable Credentials named a priority technology for KYC and AML.
Read the report →Use cases
Where reusable identity transforms finance
The same technology deployed at national scale for border security, applied to your compliance stack.
KYC / AML compliance
Reusable KYC across institutions
Verify once, then satisfy KYC/CDD at every subsequent institution with no repeated uploads. Biometric binding ensures only the real customer can present the credential.
$60–90B estimated annual global KYC / CDD spend LexisNexis Risk Solutions & TP ICAP, 2023–24 (KYC as ~30–35% of total financial-crime-compliance spend)
Payments & authentication
Biometrically-bound payment credentials
Card-present and remote payment authentication using biometric Verifiable Credentials. SCA-compliant without SMS OTP. The biometric is bound to the credential on the device and checked against face, fingerprint, iris, or voice. No biometric storage.
$14T projected global digital payment transaction value, 2026 Statista, Digital Payments Market Insights
Digital assets & DeFi
Compliant onboarding without raw PII
Wallet onboarding that meets Travel Rule and MiCA requirements. The customer proves compliance without handing over raw personal data, and portable credentials clear KYC across exchanges and custodians.
>50% of onboardings abandoned when KYC takes over 10 minutes Chainalysis, compliance guidance
Cross-border & remittance
Identity that clears compliance across jurisdictions
A credential issued in one jurisdiction satisfies requirements in another. The same verified identity works for sender, receiver, and every intermediary in the chain.
$905B global remittance flows, 2024 World Bank, Migration & Development Brief 41
Proven AI for KYC
AI agents that authenticate customers
AI agents deployed by banks can cryptographically verify a customer’s identity with Verifiable Credentials, at the same or higher assurance as an in-branch check. That turns a chatbot from an informational tool into an authorized channel for account changes, transactions, and sensitive requests.
Explore Proven AI →Next step
See reusable KYC working with
your compliance stack
Bring your use case (retail banking, payments, digital assets, cross-border) and we’ll map it to the platform. We’ll walk through partner integrations, the credential lifecycle, and what deployment looks like.
Book a session →Solutions
Technology
Resources
Company
Stay connected with Indicio on our social media channels
© 2026 Indicio, PBC All Rights Reserved
