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miiCard Launches Open Beta of a Digital Passport for Online Identification

Thumbnail image for miiCardLogo.jpg

Next, miiCard launched an online identity verification service to help consumers prove that they are who they say they are:

“miiCard uses information only a user would know, accesses details to their online bank account, and creates a secure, encrypted link to this account which has already approved a primary identity check to meet AML/KYC regulations. 

miiCard utilizes Yodlee’s global account aggregation to provide validation weightings and traceability of source required by finance industry guidelines. Each point of validation is rechecked daily for accuracy and suitability. Vendors establish appropriate level of assurance requirements for their product/service. miiCard then allows those vendors to identify an individual with enough assurance to support the transaction, like the sale of a regulated financial product.”

Product Launched: February 2012

HQ Location: Edinburgh, Scotland

Company Founded: September 2011

Metrics: £550K seed funding, 5 employees

Presenting James Varga (CEO)