a good thing!
Decentralized Identity is Here
Neo gives control of identity data back to your users. It lets you verify IDs, documents and identity claims including driving licenses and university degrees, and issue digital credentials based on those. Users can share digital credentials with organizations to quickly and effortlessly prove who they are.
[ neo ]
a new and different form of something that existed in the past
PingOne Neo provides identity verification (proofing), along with digital credential issuance and verification, so organizations can instantly ensure users are who they claim to be. Neo saves time by instantly ensuring the source, validity and accuracy of credentials and reduces costs associated with issuing physical credentials, managing personal accounts and preferences, managing eligibility, and mitigating identity theft.
In short, Neo prevents fraudulent transactions, stops account takeovers and delivers speed-to-trust by putting users in control of their verified information.
People use their digital identity online every single day, whether at work or at home and with every device. A verifiable credential presents only the necessary information. If your service only needs to verify the users age, only the age will be provided, unlike today where a user would present their drivers license that contains extraneous information.
Digital services today often require verified information about users to do business. PingOne Neo makes getting those verified credentials from their trusted source to the business that needs them simple and secure. Here’s how it works:
User requests a verifiable credential from an issuer or service provider.
The relying party attests the proof the user provided is true and accurate. Using this information they create a cryptographically signed verifiable credential.
The verifiable credential is stored in the owners digital wallet
Share data that is essential for the interaction to take place. Optional data is highlighted and not mandatory.
Request the verified information that you require from users to do business and validate that information directly with the source.
Reduce the possibility of transaction fraud and account takeovers by ensuring the person behind the credential really is who they claim to be.
Gather, store, and protect only the user data you need, eliminating sensitive information that malicious actors are after.
Digital credentials allow users to share only necessary identity information for a specific transaction, such as confirmation of age instead of date of birth.
Digital credentials enable organizations to more affordably and securely empower their customers to interact in more locations on-line and in-person without traditional backend integrations.
Issue verifiable credentials into digital wallets using a variety of standards and formats, eliminating cost and management of issuing physical credentials.
Verify the identity of an end user to ensure their verifiable credential is tied to their real-life identity, ensuring users are who they claim to be.
Design seamless experiences by integrating your identity and business services with no-code, drag-and-drop visual flows.