In the rapidly evolving digital landscape, identity verification has become a routine part of online interactions. However, the process of proving one’s identity and sharing sensitive information has become increasingly cumbersome and challenging for both individuals and the service providers requiring such verification for Due Diligence.
Solution
In response to the growing challenges of identity verification, our innovation & product team has introduced a comprehensive solution that leverages scalable cloud technologies and a powerful AI engine to create a secure and efficient digital identity system.
Key Features:
- Secure Storage: Goaco provides users with a secure platform that stores encrypted personal details and documentation.
- E-Passport Functionality: Users have the ability to verify their identity through authorised devices, effectively turning their devices into e-passports.
- Login Integration: The e-passport allows seamless login to online applications without the need to share sensitive data and documentation.
- B2C and B2B Service: Goaco caters to both individual users (B2C) and businesses and institutes (B2B), offering a unique set of services for each segment.
- Cost-Free End-User Usage: Goaco provides its services free of charge to end-users, prioritising solutions that empower individuals by returning ownership of their identification. This eliminates the need for traditional paper forms of ID.
Implementation:
- Cloud Stack: Goaco is built on the AWS cloud stack, ensuring scalability, reliability, and security. This is protected with 24×7 cyber security monitoring.
- Kubernetes Integration: Kubernetes is employed for container orchestration, allowing for efficient deployment, scaling, and management of the application.
- AI Engine Integration: The integration of a powerful AI engine enhances the accuracy and efficiency of identity verification processes.
Result
Since the implementation of Goaco’s solution, several positive outcomes have been observed:
- Streamlined Identity Verification: The e-passport functionality has simplified and accelerated the identity verification process, reducing friction for both end-users and service providers.
- Embedded Security: Secure storage on AWS, coupled with AI-powered verification, has significantly improved the security of personal information, reducing the risk of identity theft and fraud.
- Business Adoption: Goaco’s B2B services have gained traction, with businesses and institutes adopting the platform for efficient and secure identity verification processes. This is integrated with a Visitor Tracking system using QR codes.