Verum offers a self‑sovereign identity platform that lets banks, financial services, and regulated enterprises issue, store, and verify verifiable credentials—such as transaction instructions and signed documents—directly on users' devices.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions and businesses face high risk of fraud and inefficiency when exchanging transaction instructions, client authentication data, and signed documents, because traditional processes rely on centralized storage and manual verification, leading to interception, tampering, and regulatory compliance challenges.
Solution
Verum provides a self‑sovereign identity platform that lets users create, store, and manage verifiable credentials directly on their devices. Credentials—including banking instructions, signed documents, and identity attestations—are cryptographically signed by vetted issuers and can be presented with biometric verification, ensuring the holder’s intent and authenticity. The platform’s governance model rigorously vets issuers and certifiers, maintaining regulatory compliance and a trusted registry of credential sources. Recipients can verify credentials in real time through an intuitive interface, while owners retain full control to share, revoke, or update documents at any moment. This creates a portable, secure “trust loop” that eliminates the need for centralized data storage and reduces fraud risk.
Target Audience
Primary customers are banks, financial service providers, and regulated enterprises that need secure, verifiable transaction authorizations and document signing, as well as individual users who require control over their digital identity and credentials.
Features
- On‑device wallet that stores verifiable credentials locally, eliminating server‑side data retention
- Biometric verification for transaction instructions and document signing, binding actions to the credential holder
- Governance framework that vets and registers only licensed issuers and certifiers for regulatory compliance
- Real‑time credential verification UI showing issuer details, document history, and authenticity status
- Selective sharing and revocation controls allowing owners to grant or withdraw access to credentials instantly
- End‑to‑end cryptographic signing and verification using SSI standards, ensuring tamper‑evident documents
- API integration points for businesses to request, issue, receive, and update credentials within existing workflows