12iD provides a secure identity verification solution using live biometrics and artificial intelligence, eliminating the need for traditional credentials like SMS or one-time passwords. The platform addresses the challenge of uniquely identifying users to prevent cybercrime and fraud while ensuring compliance with regulatory frameworks through zero-knowledge proof technology.
Funding
$569.1K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
MFounders
Product
Problem
Traditional methods of user identification rely on easily compromised credentials like SMS codes and one-time passwords, creating vulnerabilities to cybercrime, fraud, and regulatory compliance issues. Current systems often struggle to uniquely identify users, leading to security breaches and inefficient eKYC processes.
Solution
12iD offers a secure, passwordless identity verification solution leveraging live biometrics and artificial intelligence to uniquely identify users. The platform eliminates reliance on traditional credentials, mitigating the risk of cyberattacks and fraud. By employing real-time biometric analysis and AI-driven automation, 12iD streamlines the eKYC process, providing instant access to services while ensuring compliance with regulatory frameworks through zero-knowledge proof technology. The system ensures identity verification without data exposure or retention, enhancing data privacy and security.
Target Audience
12iD targets businesses and organizations seeking to enhance their cybersecurity posture, streamline user onboarding, and comply with stringent regulatory requirements, including identity providers and companies requiring secure identity verification.
Features
- Secure biometric verification using a user-friendly mobile app.
- Integration Toolkit (SDK) for easy integration with identity providers and external companies.
- Signing Service: Standalone platform utilizing 12iD identities to ensure the signing party's authenticity.
- Admin Panel: Backend platform for linking with national APIs and the 12iD blockchain.
- Blockchain technology featuring zero-knowledge proof and elliptic-curve cryptography for data privacy.
- Artificial Intelligence: Automatic data comparison, matching, and verification integrated into the Admin Panel and 12iD App.
- eKYC process with automated remote solutions for instant access to products and services.
- Local data storage on client servers for regulatory compliance.