A company from Biscay that offers digital identification services to companies to verify, among other things, identity, age of the user, ownership of an account, as well as signing documents.

Nowadays, there are more and more transactions and contracts for goods and services that are carried out online, and the companies offering them need to be able to verify users reliably. In an environment where fraud is only growing, it is essential, when operating through an online medium, to verify that the person with whom the company is dealing is actually who they say they are and/or meets certain characteristics. An example of this problem that is having a high impact is the need in certain sectors to control the age of majority of subscribers.

With the aim of working in this area of ​​reliable identification, YOiD markets several solutions. This company is a Fintech, a licensed payment entity, located in Bilbao that, in addition to offering payment services, offers identification and digital signature services. It is an entity regulated and supervised by the Bank of Spain.

The solution allows, through procedures established in the payment regulation, any natural person with online banking credentials to prove their identity to any company or public administration when operating through digital channels.

YOiD also enables advanced or qualified signature (eIDAS regulations) of documents, through single-use digital certificates in the cloud. YOiD is developing the blockchain infrastructure that allows, through ‘zero knowledge proof’ procedures, to generate a credential of age for a user.

In addition, it also offers online verification of account holders.