[Amsterdam] Money 20/20 — “The world’s leading, premium content, sales and networking platform for the global money ecosystem” — has selected Indicio as one of eight startups “transforming the world of money.”
The announcement was made today during the Money 20/20 conference in Amsterdam.
“This is tremendous recognition for Indicio and our technology’s capacity to turn verifiable identity into the ubiquitous payment method of the future,” said Heather Dahl, CEO. “The banking and financial sector has started to realize the power of Verifiable Credentials to create industry-spanning solutions that cover everything from seamless account access to digital assets, privacy-preserving biometric authentication, and identity for agentic AI. All these have tremendous value to business and customers alike. But the payoff is even bigger when you start to see how decentralized identity can be a secure payment rail for instant, independent, peer-to-peer transactions — digital infrastructure you can create with your phone.”
To underscore how rapidly this future is coming, Indicio just announced Indicio ProvenAI. ProvenAI is a simple way to implement verifiable identity for AI agents and their customers, so each can authenticate the other before the customer gives consent to access data. It is the latest addition to Indicio Proven, the company’s platform for interoperable decentralized identity solutions and the latest product in its suite of financial service applications.
“Simply put, the vast potential of agentic AI in banking and finance is constrained by the problems our technology solves,” said Dahl. “With Verifiable Credentials, we are able to give AI agents verifiable identities, we enable secure communication between agent and customer that can be initiated by the agent, and we provide a simple way for the customer to give consent to the AI requesting access to their data.”
Indicio’s identity solution for AI follows on its ground-breaking solution to the problem of AI-generated identity fraud.
“With the emergence of deepfakes, we saw an opportunity to translate our travel solution — the world’s first digital passport credential based on standards set by the International Civil Aviation Organization — into a financial one,” said Dahl. “At the core of this is ‘government-grade digital identity’ using authenticated biometrics.”
Indicio’s ability to combine authenticated biometrics with Verifiable Credentials means that a remote liveness check or biometric scan can be instantly crosschecked against an authenticated, tamper-proof copy of a person’s biometrics that the person holds on their phone. When added to a KYC credential, financial institutions have an enormously powerful, reusable authentication solution at a fraction of the cost of conventional identity verification.
“The beauty of it is that the biometric data stays with the person — there’s no need for enterprises to store people’s biometric data to verify it,” said Dahl. “This is a breakthrough for consumers — and a gateway to better account login and security. We know from the travel sector that many people are willing to use and trust biometrics if they can be sure their data is protected. With Indicio, people have custody and control of their most valuable data and can share it in a way that’s instantly verifiable.”
Indicio has been leading the decentralized identity sector with these kinds of innovations, but it has also recently entered the European digital wallet market with another tech first: a simple way to combine credentials built to Europe’s digital identity specifications with credentials from outside Europe that have been built to different global standards.
“Our goal is to make every kind of credential format — digital travel credentials, EU credentials, mobile driver’s licenses — all work with each other and be easily combined in seamless workflows, including in the world of money,” said Dahl. “We successfully showed that this was possible earlier in the year in an international travel trial with Aruba, Delta Air Lines, and SITA.
“This seamless interoperability creates a single customer journey, bridging companies, industries, and sectors to meet a consumer’s needs. Interoperability is the key to a single digital market in a micro as well as macro sense.
“We call it decentralized identity,” said Dahl, “but it’s really a way to connect anywhere to everywhere in a trusted, privacy-preserving way. It’s a foundation for seamless interaction, payments, agentic AI and a new kind of internet.”
In line with the company’s commitment to be the leader in global interoperability, Indicio is currently incorporating the Mobile Driver’s License (mDL) into its Proven platform. The company will also be developing the technology for government-issued digital passport credentials based on the ICAO DTC 2 specification with its global partner SITA in the EU Aptitude Trial.
To learn more and see a demonstration of the technology in action you can explore Indicio’s banking and finance solutions, or take a look at our highly customizable flagship product Indicio Proven®. If you have any questions our team would be happy to answer them or talk through a specific use case, please contact us here.
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