Trinsic Unveils Groundbreaking Identity Acceptance Network To Speed Up Verification

Trinsic, a digital identity startup, has launched the world’s first identity acceptance network in collaboration with numerous leading identity providers. From today, businesses can use Trinsic to verify 60,800,000 people ten times faster than traditional identity verification methods, while also reducing fraud.

In an era of deepfakes and AI-generated media, the need for reliable identity verification is increasing. However, statistics indicate that requiring users to verify themselves using a photograph of a plastic ID card results in up to a 40% drop-off rate. Trinsic addresses this issue by allowing businesses to enhance identity verification with identity acceptance, enabling users with a digital ID to prove their identity in less than 10 seconds.

The feasibility of identity acceptance is due to the growing adoption of reusable identity wallets provided by top-tier identity verification providers, state-issued mobile driver’s licenses, eIDAS-compliant eIDs in Europe, and BankIDs. Innovators like CLEAR, IDVerse, Yoti, Airside (an Entrust Company), and Dentity offer reusable digital IDs through this network.

With over 100 digital ID networks operational globally, the complexity and fragmentation increase monthly. Businesses needing to verify identities are turning to Trinsic’s solution to accept pre-verified, KYC-grade identities from various networks worldwide through a single integration.

Commitment to Privacy and Data Protection

"Despite hundreds of millions of people having a reusable ID, the fragmented nature of the market means that the practical utility for businesses has been severely limited. Until now," said Riley Hughes, Co-Founder and CEO of Trinsic.

Trinsic's solution emphasizes privacy, data protection, interoperability, and user control. New identities created within the network are end-to-end encrypted with all personal information stored as standardized W3C Verifiable Credentials.

About Trinsic

Trinsic is the first identity acceptance network that enhances identity verification by accepting 60 million pre-verified users. In 2022, Trinsic raised an $8.5 million seed round led by Georgian alongside Osage Venture Partners, Kickstart Seed Fund, and notable angel investors from the identity space.

For more details on incorporating Trinsic’s identity acceptance solution or partnership opportunities, contact Riley Hughes at [email protected].