Decentralized identity solutions provider Proof Of ID has integrated with Equifax to deliver a “game changing layer of trust and speed” to digital ID sharing. By integrating Proof Of ID’s decentralized, user-controlled platform into Equifax’s trusted verification data, when a consumer opts to share their digital ID – be it for KYC checks or profile validation – the process is encrypted, tokenized, and validated in real time against Equifax’s authoritative records. The partnership removes the need for manual uploads, and replaces vulnerable centralized databases with “fast, secure, and reliable” identity assurance.
Source: www.openbankingexpo.com