Identity Verification
Industry Leading Security
What is an identity?
At present the UK does not have an official identity service. Instead, businesses must piece together different identity concepts from different sources to reach their desired confidence level. Official documents such as a passport are one of the only physical sources.
Rather than relying on the physical passport Proofenance can achieve this the same level of confidence using technology.
Many of these sources are now available digitally through modern APIs to regulated institutions. What's more, now third parties such as Proofenance can access the information enabling faster identity checking.
They do not present, hold or send any data over. Instead they validate if our information matches their own records.
Not only is this faster but it is much safer.
Due to the private nature of this personal information, all companies performing identity verification must comply with the strictest security standards and protocols to protect the data they process. They must also maintain strict confidentiality and privacy policies to protect the personal information of their clients.
Linking up
The identity is linked to the purchase funding through the name attached to the bank account authorised during Proofenance's Open Banking step. The person physically making the purchase is linked through their facial photo.
Once a definitive name and address is known, sanctions lists, watchlists, and politically exposed persons lists can be searched.
Proofenance sources and presents verified factual information relevant to a person, Proofenance does not make any decisions or provide recommendations to allow or block the purchase.
Secure by design
Every component of our platform is designed with security in mind from the ground up. We use the latest technologies and industry standards to ensure your data is safe and secure.
Find out more about our security features below.