The best way we show who we’re on-line is altering quick. With governments rolling out nationwide digital ID schemes and fraudsters turning to deepfakes and AI to take advantage of previous techniques, companies are beneath stress to improve how they deal with id. For a lot of, the shift to digital IDs (eIDs) brings as many complications because it does alternatives.

Authologic was based in 2020 to clean that transition. Its full-stack eID hub lets regulated corporations plug into a number of id strategies by a single integration, combining new digital IDs with conventional KYC checks.

On this week’s Behind the Thought, we communicate to co-founder and chief technique officer Jarek Sygitowicz about why eIDs are coming of age, how Authologic helps companies put together, and what lies forward.

Inform us extra about your organization and its providing

At Authologic, we’re constructing a full-stack world eID Hub that allows regulated corporations to simply handle, adjust to, and harness the advantages of digital IDs. Our single API integration offers the infrastructure to mixture a number of ID verification strategies – together with conventional in addition to eID – and execute KYC processes securely and seamlessly.

Which means that companies can safely begin to confirm identities utilizing totally different government-issued eIDs and id wallets, whereas sustaining KYC and AML compliance. It’s permitting them to totally reap the rewards posited by digital identities – akin to enhanced privateness, smoother onboarding, and AI-fraud safety – and share these with their prospects.

What downside was your organization set as much as remedy?

eIDs are coming. With on-line safety and privateness at rising danger because of the rising sophistication of AI fraud and deepfakes, digital IDs are providing a safer various for proving id on-line. Governments throughout the globe are introducing totally different digital ID options which can be utilized to show id throughout a variety of digital providers – from banking and government-led providers to on-line playing and age-restricted purchases.

Companies are having to adapt, and quick. They face a problem that’s equal in measurement to the chance posed by digital IDs. Whereas eID adoption guarantees to assist enhance safety, enhance effectivity and improve the client expertise, the method could be complicated. We’re serving to to ease the transition.

Our world eID Hub is absolutely interoperable and integrates with companies’ current KYC infrastructure, enabling them to handle a number of new digital IDs, alongside conventional KYC strategies, which many shoppers will nonetheless depend on. We’re offering a one-stop integration that enables companies to harness the total vary of eID advantages and meet new rules, and not using a full overhaul of their current techniques.

Since launch, how has your organization developed?

Since I co-founded Authologic with Krzysztof Klimczak and Marek Rogoziński in 2020, all the eID panorama has considerably developed. New rules have sprung up, such because the EU’s eIDAS 2.0, and adoption has accelerated. We’ve grown to satisfy this variation. Proper now, we’re working with many various corporations of all sizes from around the globe to help them in adopting and managing eIDs.

Alongside this, we’re partnering with numerous suppliers to assist companies proceed managing their current verification strategies in tandem with digital ID adoption. Our eID Hub is at present getting used greater than 150,000 instances a day. We’ve expanded to help corporations throughout the EU, the UK and the US, and efficiently tripled our income final 12 months.

Moreover, we’re proud to be working with numerous vital EU-level infrastructure pilots which can be enjoying a significant position in shaping the way forward for digital id for world residents and companies.

What has been the most important problem or most ‘tough second’ to beat?

The largest problem has been navigating the extraordinarily fragmented nature of the eID panorama. While globally, governments are in settlement that digital IDs are the way in which ahead, each nation is taking a barely totally different strategy. Which means that there are numerous totally different eID options and merchandise that companies should adapt to.

Constructing an interoperable system that may single-handedly mixture all of those and facilitate verification utilizing a variety of eIDs, in addition to conventional ID paperwork, is a major problem – nevertheless it’s our raison d’être. We’re fixing this downside so that companies don’t must.

What are your greatest achievements or ‘proudest second’ to date?

Securing our Collection A funding in the direction of the top of final 12 months was certainly one of our most important moments up to now. Not solely are we fortunate sufficient to be backed by a group of sensible buyers – together with OpenOcean, Y Combinator, Peak Capital and Smok VC – this spherical was a pivotal second when it comes to recognising how far we’ve grown up to now and reaffirming the relevance and product market match of the answer we’re constructing.

The funding is enabling us to unlock our subsequent stage of progress. It implies that we will accomplice with a rising variety of companies and proceed constructing on our world eID hub to guide the transition to a safer, safe digital id future.

How would you describe the tradition of your organization?

Our tradition may be very very similar to our product: internationally-minded, techno-optimistic, and geared in the direction of the longer term. We attempt to feed these values into every thing we do and preserve a tradition the place efficiency, ability and dedication are constantly rewarded.

What’s in retailer for the longer term?

We’re in the end working to be the primary world eID Hub for companies. Our mission is to simplify the KYC panorama and ease the transition to eIDs – as a result of it shouldn’t be so difficult! We imagine that everybody ought to be capable to show their id safely and securely on-line, and that companies must be given the help to make this a actuality. eIDs are coming; we’re serving to companies put together.