Canopy announced it has partnered with moby, a digital identifications service provider, on a new biometric-driven federated identity tool.
The offering, known as Clear, is user identification technology designed for the mortgage and real estate industry and uses visual biometrics to authenticate users. Clear confirms users’ identities by using a digital selfie, cross-indexed against a verifiable source of ID (i.e. a driver’s license). Clear also can access other authenticated, real-time, third-party data sources for additional layers of identity validation. It also scans for “liveness” to confirm a real person is involved in the process.
“Clear provides federated identity and biometric authentication that is already proven in multiple industries and will have a series of highly effective applications within the mortgage industry,” Canopy Chief Operating Officer Andrew DeGood said in a release. “In fact, Canopy has already deployed Clear on its own behalf to authenticate individual employees within its distributed workforce that work with its customers’ sensitive data. The solution is lightweight and versatile, so new users are up and running in seconds, without any need for burdensome integration and installation.”
DeGood said Clear could be used as an identity authentication method for remote online notarization, loan officer verification, human resource authentication, and anti-fraud. The underlying technology is already being use successfully nationwide in the banking, insurance, healthcare, and retail industries, as well as by government entities, he added.
Canopy is a due diligence and fintech solutions accelerator based in Charlotte, N.C. The firm works to introduce proven, modern solutions to mortgage-related businesses. moby provides world-wide digital identification and authentication services through a flexible flow engine to connect business processes, external data sources, third-party integrations, and applications.