Dec 18, 2024 in Member Spotlights by DIACC
1. What is the mission and vision of Facephi?
Facephi’s mission is to create seamless, trustworthy digital identity experiences that prioritize security, privacy, and compliance. We enable businesses to transform by connecting users to the digital resources they need efficiently and safely—whether as employees, partners, or consumers. Through our advanced identity verification technology, we simplify and secure the access of people to essential digital assets and services, ensuring that organizations worldwide can thrive in a digital-first world.
Facephi envisions a future where secure digital identity is at the heart of every interaction, seamlessly linking people, applications, services, and data. We aspire to be the foundation that supports and protects each digital connection, enabling individuals and organizations alike to navigate a secure digital world with assurance and confidence. We believe in a future where every identity and every access point is safeguarded by robust, transparent digital identity infrastructure.
2. Why is trustworthy digital identity critical for existing and emerging markets?
In today’s world, digital identity is essential to secure and scalable digital engagement.
As more sectors—finance, healthcare, travel, and others—move toward online services, secure and trusted digital identity becomes critical.
Traditional perimeter-based security models no longer apply effectively, especially with the rise of cloud computing. For this reason, the “”Identity-First Security”” model has emerged as the most viable framework for protecting digital assets.
Our solutions help organizations transition to a robust, decentralized, and identity-centric security model. The convergence of secure authentication, data protection, and privacy compliance represents a necessary paradigm shift, particularly for emerging markets
where secure and equitable digital access can drive significant economic growth.
3. How will digital identity transform the Canadian and global economy? How does your organization address challenges associated with this transformation?
Digital identity is a foundational element that powers global digital commerce, enabling access to essential services securely and universally. With secure digital identity, both individuals and organizations can engage in borderless business from anywhere in the world. Facephi facilitates this transformation by enabling secure identity verification that supports secure digital access at scale. As we build identity ecosystems that are interoperable, user-centered, and privacy-respecting, we support the global economy’s digital shift by ensuring seamless and secure interactions across borders. This shift has the potential to unlock access to vital services, foster trust across regions, and create an inclusive digital economy.
Facephi addresses the complex challenges of digital identity through an adaptable, interoperable approach to identity management. Our technology supports multiple identity roles—Issuer, Holder (Wallet), and Verifier—alongside a Trust Registry, enabling us to provide secure identity solutions at every step. We are aligned with standards like mDOC (ISO 18013), W3C Verifiable Credentials, and SD-JWT, ensuring compatibility with global frameworks. By focusing on interoperability and secure frameworks, we help organizations establish the trust and scalability needed for broad digital identity adoption. Our approach encompasses both the issuance and verification of credentials, combining compliance with innovative solutions to ensure secure, accessible, and user-centered digital identity management.
4. What role does Canada have to play as a leader in this space?
Canada has an essential role to play as a leader in secure digital identity, supporting both regulatory frameworks and technological standards that foster trust and innovation. As Canadians increase their reliance on digital services, it is critical to ensure the security and integrity of digital identity systems. By establishing standards for trusted digital architecture, Canada can help shape a secure, transparent ecosystem that enables users to control access to their personal information with precision and confidence. Canada’s commitment to a trustworthy digital identity infrastructure will set an example globally and drive progress in secure, interoperable identity systems.
5. Why did your organization join the DIACC?
Facephi joined the DIACC to collaborate with leading organizations in advancing secure, user-friendly digital identity standards. We share DIACC’s commitment to building a trusted framework that empowers people, businesses, and governments to interact safely online. By participating in DIACC, we contribute to and benefit from a collaborative approach to developing a secure digital identity framework that respects user privacy, ensures interoperability, and promotes innovation.
6. What else should we know about your organization?
Facephi is a global leader in digital identity verification and authentication, providing technology that enables secure, user-friendly access across industries. Our platform supports a wide range of digital identity solutions, from secure identity verification and authentication to credential issuance and verification, adhering to standards like OID4VCI for credential issuance and OID4VP for credential presentation. Our solutions address interoperability, Trust Frameworks, and compliance with global digital identity standards, providing a robust foundation for organizations pursuing digital transformation. Through advanced technology and strategic partnerships, Facephi is shaping the future of secure digital identity and enabling seamless, trusted interactions in an increasingly digital world.