Sedicii Introduction
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Sedicii provides a patented technology for secure identity verification using zero knowledge proofs, addressing challenges of identity theft and data exposure. The company offers a multipronged platform for authentication, KYC verification, and identity management tailored for various industries including finance and telecommunications. With an increasing regulatory focus on data privacy, Sedicii aims to enable secure transactions and identity management while protecting user data.
Sedicii Introduction
- 1. Sedicii www.sedicii.com | @gbrsedicii Securing Identity Protecting Business
- 2. Sedicii Retailer Telco’s Govt.Banks Airlines SocialCo.’s Utilities Hospital IDENTITY DATA is EVERYWHERE What is TRUE & NOT TRUE? Who should have it, who should not?
- 3. Sedicii Volume of Identity Data is Exploding KYC, Identity & Age Checks Omnichannel Authentication Smart Meters Smart Homes Smart Health Smart Cars / Cities
- 4. Sedicii THE PROBLEM? How to prove an identity is TRUE without exposing the data to theft! e.g. KYC Check
- 5. Sedicii Attribute : “Emily” Emily’s Device Server aC7$FgO;Kjx# DATA RISK With today’s methods, data can be very easily stolen
- 6. Sedicii Sedicii’s patented technology can match identity data without exposing it or sharing it
- 7. Sedicii Emily’s Device Server “Emily” aC7$FgO;Kjx# Zero Knowledge Proof Identity Details can be matched & verified using ZKP without being exposed or shared
- 8. Sedicii New Regulation is driving Change! General Data Protection Regulation (Data Privacy) Payment Services Directive 2 (Open Fin. Svcs.) 4th AML Directive eIDAS Regulation (Digital Signatures) NIS Directive (Cyber Security)
- 9. Sedicii Identity problems Sedicii solves Authorise payments, bank transfers, card transactions securely by phone Secure User Authentication without exposing Password/Biometrics Automated KYC Document Verification without Compromising Privacy
- 10. Sedicii Passport Number Surname First Name Date of Birth Place of Birth Nationality Expiry Date Email address Emily’s Golden Record Match Consent Report 340020013 Traveler Happy 01/01/1980 Washington USA 05/05/2019 happy@traveler.com Interpol LSTD Emily’s Bank Passport Number Surname First Name Date of Birth Place of Birth Nationality Expiry Date Email address 340020013 Traveler Happy 01/01/1980 Washington USA 05/05/2019 happy@traveler.com Passport Matching in Real-Time against Authoritative Source for KYC Report
- 11. Sedicii Banks Telco’s Companies Utilities Govt. I.D. HUB Emily’s Golden Record PERSONAL Bank1 Bank2 Telco1 Co. 1 Co. 2 Govt 1 FirstNameLastNameDateofBirthPassportNo.NationalityExpiryDate Any to Any ID Verification forms “My Digital Footprint”
- 12. Sedicii Layer 1: Authentication Layer Ability for users to securely authenticate to a service Layer 2: Identity Hub (KYC verification) Secure, privacy preserving identity attribute verification Layer 3: Interactive User Centric Identity Management Digital capability for users to curate & manage their identity Layer 4: Marketplace Service providers sell services and products from trusted sellers to trusted buyers with ZKP / blockchain currency Tokenised Identity Blockchain
- 13. Sedicii From €0.10 per device / user / year License Model From €0.01 per authentication Transaction Model Prices are based on annual payment. B2B – SaaS Service From €1.00 per identity verification
- 14. Sedicii How is Sedicii integrated? On-Premise Server Or Cloud Server SDK for embedding in Mobile Apps / Websites API
- 15. Sedicii €18 BILLIONPersonal Identity Management Services in the U.K. only by 2020 *CTRL Shift 2014 Market Opportunity
- 16. SediciiCompetition Authentication SSL IssuersZKP Identity
- 17. Sedicii • Patented Zero Knowledge Proof Authentication solution • Developed to significantly reduce password theft, identity theft and financial fraud Achievements May 2014 May 2014 Nov 2016 Oct 2015 Nov 2014 Sep 2014 Aug 2014 €50K EU Commission Grant Award Finalist for 3 Irish IP Awards Top 20 DigiTech European Tech Tour, London Winner BT Infinity Lab, London Finalist Techcrunch Disrupt, New York City Finalist World Cup of Tech, Silicon Valley Forum European Tech Tour Top 20 DigiTech, London Winner BT Infinity Lab, London Finalist Next Bank Europe, Barcelona Finalist Techcrunch Disrupt, New York City Finalist Tech World Cup, Silicon Valley Forum Winner €50K Digital Finance Scale-Up EIT Digital Winner Best Innovation Unicredit Hackathon World Economic Forum Technology Pioneer Global Finalist Swift Innotribe @ SIBOS Winner EY Startup Challenge Winner Matchi Fintech Innovation Challenge Winner €50K EU Commission H2020 Grant Winner Technology Transfer of the Year 2014 Finalist Next Bank Europe, Barcelona Winner Innovation of the Year, ITLG Stanford
- 18. SediciiCustomers & Prospects Finance Telco Industry Other
- 19. Sedicii • Founder KYCKR (Listed on ASX:KYK) Corporate KYC, CDD / AML • PTS Japan – sold to Datacraft Asia (2000) • Member of Dell Japan launch team (left at $350 million revenue) Rob Leslie CEO Richard Coady CMO • Former Sales Director BT, Web Based Training, Prometric & Certiport • Graduate Degree in Business and Marketing from Irish Management Institute Arturo Calvo CTO • Serial Entrepreneur • Founder Dialective, iFlikeU, Greenweaving • Research Fellow in Machine Learning at Trinity College Dublin • MSc in Computer Science Andy Honess Board Advisor Stuart Hillston Board Advisor Patrick Curry Board Advisor
- 20. Sedicii Enabling Trust rob.leslie@sedicii.com | @gbrsedicii
Editor's Notes
- #2: We are an Irish company that provides identity verification services without exposing any personal information.
- #3: This is Emily and her personal information is everywhere: bank, social networks, airlines, …
- #4: This technology can be applied to many sectors, such as authentication with connected cars or car sharing, smart health, banking, etc.
- #5: So what is the problem we are solving? Proving your identity without compromising your privacy.
- #6: Every time Emily authenticates to any of these services, her credentials are sent encrypted over the network, and compared in a remote server where they are permanently stored. In other words, her personal information is at risk in her device, in the server and during the communication between them.
- #7: With our patented technology, we can verify that two parties (client and server) know a certain identity attribute (like a password), without sending it over. In other words, your password would never leave your device and we eliminate the need to store it in the server. And when I say password it can be any other attribute, such as fingerprint, KYC information, etc.
- #8: How it works: first we hash the information, then we transform a randomly generated graph with the hash and create a second graph. This is done in both the client and the server. Then the server generates and sends random permutations to the client, where they are applied and responded to. If all the responses are as expected, it can be inferred the graphs match and hence the original data used to create them must also match. This patented technology is called Zero Knowledge Proof.
- #10: For the Unicredit PSD2 challenge we have created a Proof of Concept app called “Credicii” that, using Zero Knowledge Proof, provides strong user registration and authentication without exposing passwords or fingerprint information. It as well provides payment authorization services and automatic KYC verification against trusted identity providers, without exposing any personal details or storing them in remote servers.
- #11: For the KYC verification we are simulating an authoritative source, such us the government, that knows information about you. With Credicii, Emily authorizes this verification with the guarantee that her personal information is not being sent over and it is not stored in the server. What is stored are these one-time random graphs. This way, if the server is hacked, they will only find useless graphs, so that the bank is not legally liable for any leaks.
- #12: We help a person to build a digital footprint for themselves without anyone exposing the data they hold
- #14: We have two simple models:- an annual license model or a simple transactional business model where every authentication is charged