2023

Anonybit Genie

Entrant Company

Anonybit

Category

Product & Services - Product & Services / Others:___

Client's Name

Anonybit

Country / Region

United States

Anonybit is an award-winning, patented decentralized infrastructure that protects personal data and digital assets. The company's flagship platform, the Genie, connects digital onboarding to downstream authentication via decentralized biometrics to prevent identity fraud and account takeovers across all service channels.

The Anonybit Genie comprises four modules - digital onboarding, binding, authentication, and account recovery.

Digital onboarding: Biometric capture, either from IDV or standalone capability, including a synthetic identity check, is enrolled into the decentralized biometrics cloud.

Binding: Device footprint and other credentials (tokens, Passkeys, verifiable credentials, etc.) are linked to biometric identity in the decentralized cloud. Together with the first module, it creates the basis for downstream MFA.

Passwordless authentication: Biometric MFA, via WebAuthn/FIDO, or from the decentralized cloud.

Account recovery: Biometric MFA from the decentralized cloud is used to retrieve Passkeys, digital assets, or for out-of-band authentication at the contact center.

Credits

Anonybit
Yaron Azizi
 
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