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Starting this August, we’ve embarked on a transformative mission by offering our KYC (Know Your Customer) solution for free, forever, to a select number of companies across various industries. Our goal is to revolutionize the identity verification landscape and gradually extend this offering to more businesses.
The digital world is on the cusp of dramatic change. With the rapid escalation of online fraud and the imminent development of Artificial General Intelligence (AGI), the ability to distinguish between humans and bots will become increasingly difficult. We anticipate that within 2 to 4 years, AGI will significantly impact every aspect of our lives, making secure, accurate, and accessible identity verification more crucial than ever.
While current identity verification solutions are generally adequate, they often fall short in user experience and lack critical, human-centric features, such as reusable KYC. Recognizing this gap, we believe it’s essential for individuals to have verifiable proof of their humanity online before it’s too late. That’s why we’ve decided to offer our KYC services for free to selected companies, empowering users with the option to create a Didit ID.
In the verification process, users have the optional opportunity to create a Didit ID—a digital wallet that securely stores their identity data. By choosing to create a Didit ID, users not only verify their identity but also gain a reusable, portable proof of their humanity. This digital wallet simplifies future verifications, allowing users to efficiently and securely prove their identity across multiple platforms and services without the need to repeat the verification process.
Our identity verification solution is not the result of a fleeting effort but the culmination of years of dedicated development and refinement. We've meticulously crafted this technology to incorporate KYC and AML Screening (Anti-Money Laundering) components, ensuring the fastest verification times and an exceptional user experience.
Our KYC solution is a comprehensive suite of tools designed to cover every aspect of identity verification—all available for free. It includes Document Verification, NFC Verification, Facial Recognition, Reusable KYC, Address Verification, and Document Monitoring, ensuring a robust and secure verification process.
Our Document Verification service supports National IDs, Passports, Driver’s Licenses, and Residence Permits from over 220 countries and territories. By leveraging highly accurate AI models, we can detect all types of document fraud and extract data using OCR technology. For NFC Verification, we significantly reduce fraud through cryptographic proofs of MRTD chips by reading and verifying chip data and certificates embedded in documents. Additionally, we are pioneers in credential reutilization, allowing users to create and use their Didit ID during the KYC process. This innovation reduces verification times by 10x while enhancing both security and convenience.
In facial recognition, our passive biometric verification process integrates advanced liveness detection, deepfake prevention, and precise face comparison models to ensure the highest levels of security.
Our AML screening process performs real-time checks against over 250 global datasets, covering more than one million watchlisted entities. This thorough approach ensures comprehensive screening for potential issues such as sanctions, PEPs (Politically Exposed Persons), adverse media, and other risks. We also provide continuous monitoring of these screenings, even after user onboarding, to maintain ongoing vigilance.
The identity verification market is fiercely competitive, with established players holding extensive customer bases and substantial resources. To compete effectively and promote the widespread use of Didit IDs—enabling individuals to securely prove their identity—we knew we had to create a product that was not just slightly better, but ten times more advanced. Our solution was to develop a top-tier Identity Verification system that excels in security, speed, and user experience. But we didn't stop there; we made the bold decision to offer this high-quality product for free to as many companies as possible, ensuring outstanding customer satisfaction at every stage.
This strategy isn't driven by immediate financial gain but by a desire to fundamentally change the market landscape. By offering free KYC services, we're creating a powerful network effect: verified users can create their Didit ID and reuse their credentials across various platforms, cutting verification times by 10x and enhancing the user experience. This approach also positions us well for upcoming regulatory changes, such as eIDAS2, where users will have full control over their data through a digital wallet.
Our ability to offer free KYC services is built on our exceptional efficiency and innovative infrastructure. Our small, highly skilled team operates with remarkable precision, enabling us to keep operational costs low while delivering top-quality solutions. This unique capability allows us to challenge larger competitors and lead the market in both quality and affordability.
This initiative is more than just a business strategy; it's a statement of our values and vision. By positioning Didit as a leader in innovation and trust, we aim to expand our identity and financial network, reduce fraud, and increase efficiency across the digital landscape. We're here to challenge the status quo, disrupt the market, and lead with purpose. This is our moment to redefine the industry. Long live the techno-capital machine.
If you're ready to help humanize the internet and save money on identity verification, connect with me on LinkedIn: https://www.linkedin.com/in/albertorosasg/
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