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Affinidi and FilPass Sign MOU to Mitigate Risk of Fraudulent Identification Claims in the Philippines - Vimarsana News

Affinidi and FilPass Sign MOU to Mitigate Risk of Fraudulent Identification Claims in the Philippines

Published: December 7, 2022

SINGAPORE, Dec. 7, 2022 /PRNewswire/ -- Affinidi, a decentralised identity solutions provider founded by global investment company Temasek, today announced the signing of a Memorandum of Understanding ("MOU") with Filipino company FilPassto jointly establish and issue verifiable credentials ("VCs") in the Philippines. Varsha Jagdale, General Manager of Financial Services in Affinidi (left) and Ryan Soh, Founder and Chief Executive of FilPass (right) sign MOU to mitigate risk of fraudulent identification claims in the Philippines This collaboration aims to make it easier for...

Source: singaporestar.com

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Prnewswire Affinidi Varsha Jagdale Financial Services In Affinidi General Manager Financial Services Bryan Soh Chief Executive Ceal Wallet Dec 7 022 Prnewswire Affinidi A Decentralised Identity Solutions Provider Founded By Global Investment Company Temasek Oday Announced The Signing Ofa Memorandum Of Understanding Quot Mou With Filipino Company Filpassto Jointly Establish And Issue Verifiable Credentials Vcs In Philippines Varsha Jagdale Eneral Manager Of Financial Services In Affinidi Left And Ryan Soh Ounder And Chief Executive Of Filpass Right Sign Mou To Mitigate Risk Fraudulent Identification Claims In The Philippines This Collaboration Aims Make It Easier For Individuals Transact With Businesses Online By Leveraging Cryptography Decentralised Technologies Issue Nd Authenticate Identities And Credentials Under The Mou Ffinidi Will Provide Its Expertise In Digital Credentialing Through Mobile App And Wallet Ceal Here Users Will Be Able To Promptly Receive Their Vcs And Store Them Securely On Mobile Phones Can Also Build Manage Digital Identity The Ceal Platform Control What Information They Would Like Share With Others When It Likewise Ilpass Will Bring Its Capabilities In Issuing And Verifying Credentials Fraud Detection Through Blockchain Nabling Faster And Safer Online Transactions The Mou Was Inked Against Backdrop Of Pandemic Normalising Exchange Information Digitally According Toa Study Conducted By Resumelab N Alarming 93 Of People Know Someone Who Has Lied On Their Resumes The Collaboration Between Filpass And Affinidi Enables Organisations To Access Verify Credentials Job Applicants Easily As Vcs Can Be Verified Digitally S Opposed To Manually Checking Hard Copy Documents And Certificates His Reduces The Need For Companies To Contact Users Verify Individual Credentials Are Given Control Over Their Vcs And Digital Identity Ncluding The Ability To Choose What Nd With Whom They Share Their Vcs Once Have Claimed On Affinidi 39s Proprietary Ceal Wallet Sers Can Then Access Its Services Marketplace By Using Their Vcs To Apply For Jobs And More Quot This Is An Important Collaboration Empowering The Entire Talent Acquisition Ecosystem