PassID offers a credential infrastructure that lets users generate portable, verified financial claims from their bank data and share them with institutions they choose. By handling authentication, identity verification, and consent through a hosted UI, PassID returns signed claims, scoped tokens, and audit metadata with just two API calls, enabling institutions to make their own decisions on onboarding.
Funding
Funding not disclosed
Founders
Product
Problem
Financial onboarding across borders often requires users to repeatedly share raw bank data with each institution, leading to fragmented processes, security risks, and compliance challenges. Institutions must also build and maintain their own authentication, identity verification, and consent flows, increasing development overhead.
Solution
PassID offers a credential infrastructure that lets users generate portable, verified financial credentials from their bank data and share them with institutions of their choice. Through a hosted consent UI, PassID handles user authentication, identity verification, and consent, returning a connection ID that institutions use to retrieve signed claims, scoped tokens, and audit metadata. The platform provides verifiable income, identity, and sanctions status without exposing raw bank feeds, enabling cross‑border onboarding while keeping data under user control. Integration requires only two backend API calls, eliminating the need for frontend code and reducing development effort for institutions.
Target Audience
Primary customers are banks, credit unions, lending platforms, insurance providers, rental services, gig‑economy marketplaces, and other financial institutions that need secure, compliant onboarding of users across borders.
Features
- Hosted UI that manages user sign‑in, identity verification, and consent without requiring frontend implementation
- Generation of signed financial claims (e.g., income_verified, identity_verified) and scoped access tokens
- Audit‑ready metadata including idempotency keys, timestamps, and webhook events for each connection
- Revocable access with 90‑day token validity and fine‑grained data scopes (identity, income, accounts, balances, transactions, liabilities)
- Simple two‑call API integration: create a connection request and retrieve a connection ID for institution‑controlled decisioning
- No transmission of raw bank feeds; only verified claims are shared with institutions