Passwords expose customers to phishing, account takeover, and fraud. Equally concerning, they create a distant, impersonal digital intera...
The Business Challenge
Passwords expose customers to phishing, account takeover, and fraud. Equally concerning, they create a distant, impersonal digital interaction lacking trust and transparency.
The 1Kosmos identity wallet uses public-private key infrastructure to bind a strong authenticator (such as a passkey) with validated and triangulated user attributes and the claims they make such as age, education certificates, and professional certifications.
It is highly secure with a privacy-by-design architecture giving users an elegant, modern enrollment and login experience and control to manage their own data without 3rd party administrative access.
For organizations, it provides high assurance trust that fundamentally alters the historical tradeoff between security and convenience, reducing fraud management and administration costs, and providing compliance support that simply has never been commercially available until now.
The 1Kosmos Advantage
Perform Strong Customer Authentication by Default
After identity verification and enrollment, organizations often issue weak password-based credentials to customers.
The 1Kosmos identity wallet supports passwordless multifactor authentication through a variety of modalities including live biometrics, device biometrics and a wide range of more traditional mechanisms such as push notifications, one time codes and smart links.
This approach allows for flexible levels of identity assertion to adapt to evolving business needs and risk-tolerance levels associated with different transactions
Our identity wallet is easily embedded into applications and mobile apps via and SDK and can be deployed as an app-less experience.
Give Customers the Security They Need and the Convenience They Want
The 1Kosmos identity wallet provides customers a way to instantly verify their identity without complicated passwords and codes. It enables interoperability across different services and platforms, making logins, transaction approvals, signing of agreements, and consent-based information sharing effortless.
Tamper-evident verified credentials simplify online enrollments, new account openings, and claims, reducing the need for lengthy, administration-heavy onboarding processes.
The identity wallet is easily accessible from smartphones or other digital devices, making them highly portable for anytime, anywhere access.
Empower Users to Control Their Personal Information
Based on a distributed ledger, 1Kosmos eliminates administrative access to customer personal identifiable information (PII) and centralized “honeypots” of user data.
This places users in sole control of their own information through cryptographically paired public-private key architecture, which is a key architectural advantage .
The data captured during the document verification process is managed through the citizen’s digital identity wallet.
All data is encrypted end-to-end and accessible only via a FIDO2 certified private-public key pair secured in the TPM / Secure Enclave of a device. User identity can also be secured across multiple devices.
Implement Strong Customer Multifactor Authentication
Traditional MFA solutions that rely on SMS, push notifications and email not only present too much friction to the transaction but come with well-known security loopholes that lead to account takeover and fraud.
These solutions provide proof of possession, not proof of identity. As a result, consumers are getting phished more often as they routinely get emails, SMS messages, and phone calls trying to trick them into disclosing account credentials, personal information, or downloading malware.
The 1Kosmos identity wallet mitigates these problems with passwordless MFA that proves identity using multiple modalities adjustable to the level of transaction risk. Where strong authentication is required, our verified identities by matching the user’s biometric to the one that was captured at enrollment.
This delivers an exceptional user experience that is warm and friendly, and one that leaves little chance for impostors to login, defeating ATO attacks and fraudulent transactions.
