OneID

Overview

OneID is a UK-based software company founded in 2019, specializing in security software solutions. The company focuses on digital identity verification, particularly in the context of financial transactions. OneID's flagship product, OneID®, enhances identity assurance by utilizing bank-based digital identity solutions, which are designed to improve the efficiency and security of verifying signers across borders. A case study involving NatWest and Adobe highlights the limitations of traditional SMS-based authentication methods, which are prone to phishing and fraud. OneID's approach leverages stringent Know Your Customer (KYC) checks conducted by banks, ensuring a reliable identity verification process that creates a digital audit trail. This solution aims to streamline the signing process, significantly reducing transaction times while maintaining a high level of security. OneID's access network allows businesses to integrate identity data from over 200 countries through a single API, facilitating a unified and efficient identity verification experience. The company employs a small team of 11 to 50 employees and has reported revenue of approximately $7.56 million.

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