CULedger reveals pilot programme for blockchain-based identity verification

Monday 16 December 2019 14:23 CET | News

Three credit unions in the US have completed pilot programmes for the MyCUID, a blockchain-based digital identity and call centre tech that helps verify identity, CULedger reveals.

The three credit unions are Unify Financial Credit Union of Manhattan Beach, Desert Financial Credit Union, and TruWest Credit Union. All of them tested the tech for call centre operations involving employees and credit union members, while exploring new functionality, including wire transfers, mobile integration, and enrolment during new account opening.

CULedger mentioned that their solution aims to enable credit unions and their members to connect with one another on a much larger scale than ever before. According to Mobile Payments Today, the solution confirms identity using biometric data that is authenticated through a smartphone, such as voice recognition, fingerprints or facial recognition.

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Keywords: CULedger, blockchain, identity verification, credit unions, US, digital identity, transfers, account opening, mobile integration, biometrics, authentication, voice recognition, fingerprints, facial recognition
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime