Ver.iD recognized as a Rising Star by KuppingerCole

As we approach 2025, businesses face unprecedented challenges in digital identity verification. The rise of AI-driven fraud (deepfakes, synthetic profiles) and poor user experiences in onboarding processes have made secure, modern identification solutions essential. Meanwhile, the eIDAS 2.0 regulation, in force since the year 2024, is set to standardize digital identities across the EU in the coming years, requiring organizations to adapt.

At Ver.iD, we address these urgent needs today while preparing businesses for the digital identity landscape of tomorrow. Recognized as a "Rising Star" in decentralized identity by KuppingerCole Analysts, we provide a platform that integrates multiple digital identity solutions, simplifies verification, and builds trust, protecting businesses and empowering end users.

The rising need for modern digital identity

The digital world is at a turning point. Traditional identity verification methods -manual uploads, outdated documents, and siloed processes- are no longer sufficient. Businesses face:

1. AI-Driven fraud: Deepfakes and fake profiles now make it easier than ever to impersonate identities.
2. Outdated or invalid data: Static documents quickly become obsolete, creating costly verification errors.
3. Poor user experience: Lengthy onboarding processes lead to customer drop-offs as users struggle to find and upload documentation.

These challenges erode trust, expose organizations to risk, and hinder growth.

How Ver.iD combats fraud and enhances UX

Ver.iD is not just another identity app. We are a platform that integrates digital identity apps, enabling businesses to securely verify credentials from a variety of sources. This streamlined process addresses today's biggest challenges:

1. Eliminating AI fraud:
   1. By using verifiable credentials and cryptographic verification, Ver.iD ensures identities cannot be faked or manipulated.
   2. Only credentials issued by trusted entities are accepted.
2. Reducing drop-offs:
   1. End users scan a simple QR code to share their credentials instantly, no more hunting for documents.
   2. This seamless experience improves conversion rates and reduces abandonment.
3. Ensuring always-current data:
   1. Verifiable credentials provide real-time, up-to-date information eliminating outdated or invalid documentation.

How It Works:

• Step 1: End users select their preferred digital identity app (e.g., EUDI Wallet or sector wallets like Digidentity,Yoti, Yivi etc.
• Step 2: Businesses request credentials via a QR code.
• Step 3: Users scan the QR code to securely share their verifiable credentials.
• Step 4: Ver.iD transports and verifies the credentials ensuring accuracy, security, and a compliant audit trail.

This approach protects businesses from fraud while delivering a frictionless user experience.

Preparing for eIDAS 2.0: Future-proofing digital identity

The European Union’s eIDAS 2.0 regulation marks a significant step forward for digital identification, enabling cross-border acceptance of secure, verified identities. By introducing European Digital Identity (EUDI) wallets, eIDAS 2.0 will require organizations to:

• Accept digital credentials across borders.
• Ensure interoperability with diverse identity solutions.
• Adhere to standards for security and user privacy.

Ver.iD is already aligned with these requirements. By supporting EUDI wallets, sector identity apps, and other emerging digital identity standards, Ver.iD enables businesses to adopt eIDAS 2.0 seamlessly, long before it becomes mandatory in 2026.

Why Ver.iD is a Rising Star: Insights from KuppingerCole

In their recent analysis, KuppingerCole recognized Ver.iD as a Rising Star in decentralized digital identity. They praised our:

• Innovative Multi-identity app Integration: Simplifying complex onboarding flows in a fragmented identity ecosystem.
• Regulatory Alignment: Proactive compliance with eIDAS 2.0 and other open standards (e.g., W3C Verifiable Credentials, OpenID Connect).
• Focus on User-Centric Design: Enhancing security while ensuring an easy, frictionless user journey.
• Market Positioning: Anticipating the rise of 20+ identity wallets by 2026 and addressing the interoperability challenges this will bring.

KuppingerCole highlighted Ver.iD’s ability to eliminate redundant verification processes, reduce fraud, and improve user control, making us a key player in the reusable verified identity market. Read the KuppingerCole Report for more details.

The business impact: Solving today’s problems

By partnering with Ver.iD, businesses gain immediate advantages:

1. Enhanced trust and security:
   1. Eliminate risks of identity fraud (AI-driven or otherwise) through verifiable, tamper-proof credentials.
2. Improved user experience:
   1. Users verify their identities quickly and effortlessly, reducing drop-offs and improving conversion rates.
3. Reduced costs and errors:
   1. Streamline onboarding and KYC processes, eliminate redundant checks, and ensure up-to-date credentials.
4. Future-proofed compliance:
   1. Align with eIDAS 2.0 and other regulatory frameworks ahead of schedule.

Customer Spotlight: How Nationale Nederlanden Streamlined Car Insurance with Ver.iD

Ver.iD streamlines identity verification to improve the buyer journey. For example, our collaboration with Nationale Nederlanden allows car insurance customers in future to acquire their insurance instantly using digital identity apps. Customers receive their Green Card digitally, avoiding delays and manual processes creating a seamless experience.

Looking Ahead: Trust, innovation, and security in 2025

The challenges of AI fraud, outdated processes, and poor user experiences demand immediate solutions. Ver.iD delivers a platform that not only addresses these problems but also prepares businesses for the future of digital identity under eIDAS 2.0.

Recognized as a Rising Star by KuppingerCole, Ver.iD is driving innovation in digital identity by enabling trust, security, and seamless user interactions.

Take the next step in modernizing your digital identity processes. Learn more about how Ver.iD can transform your business with our login and verification products.

If you are interested in exploring opportunities as an investor, we encourage you to contact us. We strongly value building a diverse network of international investors, further enhancing our connection to the global identity and security ecosystem.