Indicio Proven isn’t just a new way to verify identity, it’s a new way to build portable, interoperable digital trust — one that provides a common, universal foundation for commercial, digital, corporate and decentralized banking and finance.
In banking and financial services, customer experience and security can feel like a trade-off: You can make a process seamless or you can make it secure — but how to do both?
That’s what we’re changing.
With Indicio Proven banks and financial services can provide seamless account authentication — no passwords, no multifactor authentication — with the highest level of digital identity assurance and privacy protection.
And when we say the “highest level of digital identity assurance,” we mean government-grade digital identity, capable of mitigating biometric identity fraud and generative-AI deepfakes.
In fact, Indicio Proven’s combination of seamless, secure, and interoperability has the power to turn digital identity into a universal payment system — authentication and payment rails.
And all with significant cost savings over current, slow-lane identity access management solutions.
Fractured and fragile: how we currently manage of account identity
Right now, banks and financial services meet compliance requirements using legacy identity systems built around centralized databases, proprietary integrations, and recurring verification steps.
Customers submit some form of state-issued ID, such as a passport or driver’s license, wait for a check, and do it again when accessing a new product or to make a transaction. Even after passing KYC, they’re stuck verifying over and over again– especially across services, apps, or jurisdictions.
This slows down business, drives up drop-off rates, and creates exposure to security risks: Phishing attacks, account takeovers, and data breaches. With biometric identity fraud, deepfakes, and the rapid expansion in AI usage across all attack vectors, verifying identity has become exponentially challenging and costly. For consumers, stolen biometrics represent existential threats. They can’t just reset their faces.
Verifiable Credentials vs credentials that are verifiable
Many institutions and identity providers say they already have verifiable digital credentials for account management and that’s because verifiable credentials are the new buzzword in identity verification.
But a Verifiable Credential is more than an auth token with a fancy label; it’s the product of a set of global standards that transforms how personal data is created, made tamper proof, stored, shared, and verified.
These standards mean a Verifiable Credential can be used to authenticate a person’s identity anywhere, without having to check in with the source of that identity data.
For banks and financial services, this means no need for complex direct integrations or phoning home to verify an identity or third-party identity providers and access management.
For customers, this means they have control over their personal data, consent to share it, and the ability to share it securely.
Behind the scenes, the interplay of cryptography, decentralized technologies, and identity binding all deliver instant authentication, enabling institutions to deliver seamless experiences to their customers.
The decentralized identity revolution just evolved to incorporate biometrics
When we add authenticated biometrics to a Verifiable Credential, we create “government-grade” digital identity.
This ground-breaking innovation was developed by Indicio for international travel. It’s a way to generate a Verifiable Credential from a passport so that the image of the passport holder’s face in the passport chip can be checked against a live view of that person. This solution is now being used for international travel and border crossing.
When applied to banking and financial services, authenticated biometrics in a Verifiable Credential delivers the strong assurance needed for KYC, account management, and payments.
It transforms remote onboarding and provides a way to mitigate biometric identity fraud and deepfakes. A customer can verify a liveness check of their face with an authenticated, tamper-proof biometric template of their face.
And the magic of real Verifiable Credentials is that you can verify this biometric data without having to store your customers’ biometric data.
This goes for all the data in the credential. Or data added from another credential to a presentation of this government-grade digital identity. You can cryptographically prove the source of the data and its integrity — that it hasn’t been altered.
Our shorthand for this is “portable trust.” All sorts of personal data or critical information can be rendered fully portable for verification anywhere. It’s a fundamental change in how we communicate information — a software architecture that can sit on top of our fractured internet and make it fully integrated, fully seamless.
This is why we talk of digital identity as a payment rail (and it’s not just a metaphor, Verifiable Credentials allow you to create secure, peer-to-peer communications channels for sharing information).
What it means for your customers
Instead of relying on usernames and passwords, backend database calls, or waving around photocopies of government-issued IDs in front of webcams, a customer can scan a QR code to instantly prove who they are and what they’re authorized to have access to without ever exposing sensitive data or calling back to a central server controlled by a third-party verification service. Just a direct, trusted line of communication between your customer and you.
And because credentials are held by the user, they can move seamlessly across services and providers. Want to let a customer make a transaction with the credentials they used last week to open a digital account? Easy.
Whether it’s checking identity for a crypto transaction, approving a loan, or verifying a remote signature, you can be confident the user is who they say they are– and that they’re the only one with access.
Indicio Proven powers fintech
Proven gives you the infrastructure to:
- Onboard customers faster, with reusable credentials that prove identity, residency, income, or accreditation.
- Prevent account takeovers, by enabling biometric-authenticated logins and transactions.
- Comply with regulations, thanks to selective disclosure and audit trails for every credential use.
- Create better UX, where users don’t repeat the same steps across your ecosystem.
- Scale trust, by letting partners verify credentials you issue — or issue their own into your network
- Manage AI, by giving your agents, chatbots, and digital assistants, verifiable identities for secure customer interaction and permissioned data access.
The bottom line
Indicio Proven isn’t just a new way to verify identity, it’s a new way to build digital trust — one that provides a common foundation for commercial, digital, corporate and decentralized banking and finance.
