Avoco’s ethos is simple: to provide powerful, flexible identity orchestration tools that give any industry the versatility to compete more effectively.
Avoco orchestration and decisioning (ODE) works across the identity space to innovate, adding value across the spectrum of uses of online identity and identity data.Open Loop Identity Network Layer
Avoco has created the world’s first open-loop approach to identity. An open-loop bridge is a better, more flexible way for consumers and citizens to bring identity information, such as that stored in an identity wallet or a bank, to ecosystem stakeholders. But an open ecosystem requires a ‘network layer’ to provide the rails needed to bridge gaps among data formats, protocols, and security, and to connect the various parts of a complex identity ecosystem. Open-loop identity is made possible by Avoco’s Orchestration and Decisioning Engine (ODE).
Open Loop IdentityOpen Banking Assured Identity
Avoco ODE connects your services to bank data. Customers can choose to verify and consent to the use of this bank data, which improves the customer experience and speeds up online interactions. Benefits of utilizing bank data include faster onboarding, more secure transactions, and bank-verified data you can rely on. Avoco ODE makes connections to 1000’s of banks easy.
Open Banking and IdentityAgePass Wallet passes
Open banking provides information on a customer’s date of birth. Avoco orchestration uses that data but enhances privacy by issuing a digital wallet pass that indicates whether an individual is under a certain age, over a certain age, or within an age range. AgePass can be used with Apple Wallet and Google Wallet.
What is AgePass?Assured, Versatile, Identity Verification
Avoco’s unique dynamic orchestration rules enable an organization to create services that use “multi-factor verification” (MFV). Avoco sees verification as an ongoing process – user verification and assurance is a lifecycle and part of the life history of an identity service. This approach provides a mechanism for better CX, more robust security, and the ability to develop relationships that stand the test of time.
Multi-factor verificationIdentity Vouching
Sometimes online verification can be burdensome, preventing some people from obtaining a verified online identity. Vouching is a way to connect offline verification with an online identity account. Avoco orchestration and decisioning engine (ODE) connects these elements and provides a framework to verify the identities of citizens and consumers.
What is Vouching? Watch a video on VouchingDelegated access and sharing
Avoco orchestration offers an API to add delegated access functionality to existing identity systems and online accounts. Avoco DA (Delegated Access) is configurable and integral to your branding. Customers can set up data, document, and file sharing from a central UI or your own account management area. The sharing functions are granular and secure. Ideal for financial services, government services, and healthcare.
What is delegated access?Source of Funds solution: Avoco Trust
Avoco Identity offers a solution that provides Source of Funds checks for high-value transactions, such as wealth management and mortgages. Avoco Trust combines AML and Source of Funds checks with identity verification to meet regulatory compliance requirements while creating fast, straightforward user experiences.
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