ShareID

ShareID offers a revolutionary approach to digital authentication, moving beyond vulnerable passwords and security codes. It provides an authentication system as reliable as an in-person identity check, leveraging advanced AI to verify users based on their real-world identity. The platform is designed for businesses that require high levels of security and regulatory compliance, such as those in FinTech, insurance, and online marketplaces.

The core of ShareID is its "MFA 3.0" (Multi-Factor Authentication 3.0) technology. This system creates a secure, reusable digital identity for each user without storing any personal or biometric data, ensuring complete privacy and compliance with regulations like GDPR. This is achieved through a seamless and highly accurate process that boasts a 92% first-time enrollment success rate and 99.9% accuracy in document authentication.

How to use ShareID

The user journey with ShareID is designed to be simple, secure, and fast, consisting of three main steps:

1. Enrollment: The user initiates the process by scanning their official identity document (e.g., passport, ID card). ShareID's AI meticulously analyzes the document for any signs of tampering or fraud. Following this, the user performs a quick facial scan, where the system's liveness detection technology ensures they are a real, present person, preventing spoofing attempts.
2. Digital Identity Creation: Once the document and liveness check are successfully completed, ShareID generates a unique and secure digital identity for the user. Crucially, this process does not store any sensitive personal or biometric data on ShareID's servers, adhering to the principles of Privacy by Design.
3. Re-authentication: For all subsequent logins or verifications, the user no longer needs their ID document or a password. A simple facial scan, often just a smile, is enough to instantly and securely re-authenticate their identity, providing a frictionless user experience.

Core Features of ShareID

• Document ID Verification (Doc IDV): AI-powered engine that scans and authenticates identity documents in seconds, detecting even the most subtle anomalies invisible to the human eye.
• Liveness Detection: Utilizes both active and passive checks to confirm the user is physically present, effectively countering threats from photos, videos, and deepfakes.
• Full IDV: A comprehensive solution that combines document verification and liveness detection for a complete and secure user enrollment process.
• MFA 3.0: A next-generation, passwordless multi-factor authentication system that uses the verified digital identity for secure and easy access.
• Privacy by Design: Guarantees that 0% of personal or biometric data is stored, simplifying compliance with GDPR, DSP3, and eIDAS.
• Customizable SDK: Provides a flexible Software Development Kit (SDK) that allows businesses to integrate the authentication flow seamlessly into their existing platforms and maintain brand consistency.
• Advanced Fraud Prevention: Proactively detects and blocks fraud attempts not only at enrollment but throughout the entire account lifecycle. The technology is strengthened by a partnership with the French National Gendarmerie.

Use Cases for ShareID

ShareID's modular technology is adaptable to a wide range of industries and scenarios:

• FinTech and Banking: Secure customer onboarding (KYC), strong customer authentication (SCA) for payments, and compliance with regulations like PSD3.
• Cryptocurrency Exchanges: Robust user verification to meet MiCA (Markets in Crypto-Assets) regulations and prevent fraudulent activities.
• Insurance: Mitigate identity fraud in policy applications and claims processing.
• Gig Economy Platforms: Verify the identities of both service providers and customers to build trust and safety.
• Online Platforms & Marketplaces: Comply with regulations like the Digital Services Act (DSA) by ensuring user identities are authentic.

Advantages of ShareID

ShareID provides a distinct competitive edge through its focus on security, user experience, and compliance. Key advantages include exceptionally high accuracy, a passwordless system that eliminates account takeover risks, a user-friendly authentication process, and a modular architecture that allows for tailored solutions. Its commitment to privacy and its strategic partnership with law enforcement make it a formidable bulwark against sophisticated fraud.

Pricing and Plans

ShareID offers customized pricing based on the specific needs of a business. The cost depends on which technological bricks are chosen (Doc IDV, Liveness IDV, Full IDV, MFA 3.0) and the expected volume of verifications. To get a detailed quote, interested parties must contact the ShareID sales team by filling out a form on their website. A free trial is also available to test the solutions without commitment.