Instnt introduces biometric digital ID supporting SSI for insurance sector

New York-based Instnt, which provides technology for preventing insurance fraud, is launching a decentralized digital identity for consumers to ease onboarding of legitimate customers.

The new Multipass is based on verifiable credentials, and provides one-click or QR code onboarding without either passwords or multi-factor authentication, according to the announcement. The credential provides strong assurance with KYC binding and continuous authentication, the company says.

A blog post on Instnt’s website describing the KYC process it uses for its previously-released credentials …

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