Jumio, which provides AI-powered end-to-end services, is working with Microsoft to help roll out its new Azure Active Directory (Active AD) verifiable credentials, which will help with faster onboarding, a press release says.
Azure AD is now available for public preview, and Microsoft has collaborated with identity verification providers in order to get better verifiability and information exchange.
With verifiable credentials, organizations are able to confirm user information and also protect their privacy by not actually storing the data. The credentials look up things like education or personal certifications.
By collaborating with companies like Jumio, the release says Microsoft was able to help organizations verify a wide swathe of attributes. That could include things like ID documents and electronic data, while also ensuring that individuals have more control over who has access to their information.
Sue Bohn, Partner Director Program Management, Identity Division at Microsoft Corp., said verifiable credentials will “revolutionize the way we grant access to information.”
“Organizations will be able to verify identity information quickly with solutions like Jumio Identity Verification, while individuals will be able to own and control their credentials,” she said.
“We are delighted to collaborate with Microsoft in defining the future of digital identity and to be part of Microsoft’s verified identity solution, enabling modern enterprises to add a critical layer of trust with decentralized and reusable digital identity,” said Robert Prigge, Jumio CEO, according to the release.
Protecting privacy is a paramount concern, especially with the widespread concerns about identity theft. Last year, according to the Federal Trade Commission, there were 1.4 million people reporting their identities stolen — around twice the number in 2019.
PYMNTS writes that companies need to rise to this challenge through better onboarding and monitoring processes, making sure they’re not being circumvented by fraudsters who’ve managed to cobble together new identities through online crime.
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