Avoco’s ethos is simple: to provide powerful and flexible identity tools to give industry the versatility to better compete.
Avoco work across the identity space to innovate – adding benefit across the spectrum of uses of online identity and identity data. Take the next step to successful IDOpen 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 the ecosystem stakeholders. But an open ecosystem requires a ‘network layer’ to provide the rails needed to bridge the gap between data formats, protocols, and security, and that can connect each part of a complex identity ecosystem. Open loop identity is made possible by Avoco’s Orchestration and Decisioning Engine (ODE).
Read more about ODEOpen Banking Assured Identity
Avoco ODE connects your services to bank data. Customers can choose to verify and consent to using this bank data – this provides a better customer experience, speeding up online interactions. Benefits of utilizing bank data include faster onboarding, more secure transactions, bank verified data that 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 the date of birth of a customer. Avoco ODE uses that data but enhances privacy by issuing a digital wallet pass that shows that an individual is under a certain age, over a certain age, or aged within an age range. AgePass can be used with Apple Wallet and Google Wallet.
What is AgePass?Assured, Versatile, Identity Verification
Avoco work across a number of areas, including Machine Learning to improve the identity checks in wide demographic identity services; Avoco see 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.