Case Study: How Anonybit Secures Tier 1 Banking Systems

Case Study: How Anonybit Secures Tier 1 Banking Systems

About ADO Technologies

ADO Technologies is a leading provider of cutting-edge identity solutions for Tier 1 banks across Latin America. Their platform facilitates seamless and secure identity verification, powering millions of daily transactions while maintaining the highest standards of privacy and security.

The Challenge

With the increasing prevalence of data breaches, financial institutions face significant security risks. As a trusted provider to major banks in the region, ADO Technologies recognized the urgency to enhance their security posture to avoid becoming a target themselves.

Project Goals

To meet service level agreements (SLAs) and maintain operational excellence, ADO Technologies prioritized:

1. Scalability, Accuracy, and Speed: Ensuring that existing SLAs and performance metrics were met.
2. Seamless Integration: Incorporating biometric vectors from front-end systems without increasing data transmission.
3. Backend Flexibility: Adopting a solution capable of supporting a wide range of biometric modalities.

The Solution

ADO Technologies partnered with Anonybit, the only privacy-enhancing biometric platform capable of handling various biometric modalities. Anonybit’s decentralized biometric cloud architecture provided:

• High Performance: Scalable and accurate identity verification processes.
• Stringent Privacy Protections: Mitigating the risks associated with centralized data storage.
• Seamless Integration: Efficient onboarding for new customers.

Use Cases

Anonybit’s capabilities were deployed across multiple use cases, including:

1. Deduplication at Onboarding: Blocking stolen or synthetic identities using Anonybit’s API, which returns potential matches for manual verification.
2. Privacy-Preserving Biometric Authentication: Sharding and enrolling user biometrics to enable secure reauthentication and step-up processes, with authentication results delivered in 200 milliseconds.

Key Outcomes

• 99% Reduction in Identity Fraud: Leveraging decentralized deduplication and authentication.
• Enhanced Customer Trust: Strengthening ADO Technologies’ reputation as a reliable partner.
• Improved Regulatory Compliance: Meeting regional and global data protection standards with ease.
• Streamlined User Experience: Delivering faster and more reliable identity verification across multiple applications.

Future Outlook

The collaboration between ADO Technologies and Anonybit showcases the transformative potential of decentralized biometric technology. By seamlessly integrating Anonybit’s solution, ADO Technologies continues to lead the financial sector with secure, privacy-enhancing identity solutions, setting a benchmark for digital identity management in Latin America and beyond.

Explore the Full Potential of Decentralized Biometrics

Learn how Anonybit can enhance your identity verification systems with unparalleled privacy and security. Contact us today.