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GBG Revolutionizes Customer Verification with Digital ID Solutions

In an age where digital identity plays a pivotal role in both personal and commercial interactions, GBG is taking a significant step towards simplifying and securing this crucial process. The global identity technology company has announced the launch of its innovative Digital ID solution, which aims to facilitate effortless verification of customers for businesses across the globe.

Streamlined Onboarding with Trusted Digital IDs

At the core of GBG's approach is the integration of verified Digital IDs into online onboarding workflows. This new solution enables businesses to seamlessly validate their users' identities using a diverse array of Digital IDs, including government-issued eIDs, mobile driver's licenses (mDLs), and BankIDs.

Micah Willbrand, Chief Product Officer – Identity Fraud at GBG, stated, "With over 2 billion people around the world now using Digital IDs, the way we prove who we are is being transformed. Digital IDs exist to make life simpler and safer, opening up easier access to goods and services for individuals. The real value lies in their acceptance — if Digital IDs operate in silos, they lose their true potential."

The Digital ID solution is currently available as a module within GBG Go, the company’s adaptive identity platform. This integration provides businesses with quick access to trusted Digital ID networks from a single, secure connection. This means that companies can verify customers across multiple markets without the constraints of vendor lock-in.

Key Benefits for Businesses

GBG's Digital ID solution offers numerous advantages designed to enhance efficiency and reduce risk:

1. One Connection, Global Adoption: Businesses can connect to various trusted Digital ID schemes worldwide through a single interface. This feature greatly simplifies efforts to serve customers in diverse markets.
2. Accelerated Customer Onboarding: By utilizing existing credentials, users can verify their identities instantly, which significantly improves conversion rates and decreases customer drop-offs during the onboarding process.
3. Enhanced Security and Privacy: The solution employs a standards-based framework built on W3C Verifiable Credentials, alongside end-to-end encryption measures that protect user privacy at each stage of the verification process.
4. Fraud Reduction: Digital IDs enable definite authentication of credentials, allowing businesses to focus on delivering enriching user experiences while leveraging GBG Go’s advanced fraud signals to combat identity theft.
5. Customizable Onboarding Journeys: Flexible workflows within GBG Go allow businesses to design onboarding experiences tailored to their precise requirements, making the integration of fraud checks and fallback verification methods intuitive and straightforward.
6. Regulatory Compliance Support: Businesses can remain adaptable to evolving Digital ID regulations and meet regional mandates, such as the EU's eIDAS 2.0, which necessitates the acceptance of EUDI Wallet in regulated industries.

Partnerships Powering the Solution

To enhance the functionality of its Digital ID offering, GBG collaborates with industry leaders like Trinsic and MATTR. These partnerships amplify GBG's capability to provide a sophisticated and seamless verification process for businesses globally.

Conclusion

As we move further into an era where digital relationships are essential, GBG’s Digital ID solution stands out as a critical component in transforming the landscape of identity verification. With the promise of safer and more efficient digital interactions for both consumers and businesses, GBG is not just responding to the needs of today but paving the way for a secure digital future.

To learn more about GBG's Digital ID solution, visit GBG's official website. With over 30 years of experience in identity and location technology, GBG remains committed to enabling safe and rewarding digital lives for genuine people everywhere.