Alex Grinman, co-founder of Footprint, discusses identity verification, security, compliance, frontend/backend design. Topics include KYC, KYB, PII, user onboarding, Footprint's role in data security, risk, identity verification, and more.
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Quick takeaways
Footprint simplifies user onboarding by offering KYC and KYB compliance solutions.
Security strategy includes complex integrations and secure data processing using Nitro Enclaves.
Prioritizing user experience with native app experiences, QR code scanning, and fraud detection signals.
Deep dives
Footprint's Focus on Onboarding Automation
Footprint's developer platform focuses on automating user onboarding processes, especially related to Know Your Customer (KYC) and Know Your Business (KYB) compliance. They handle personal identifiable information (PII) and assist companies in identity verification, security, and compliance aspects.
Efficiency Through Footprint's Technology
Footprint streamlines onboarding by providing companies with a few lines of code that manage data collection, verification, secure storage, compliance, and audit trails. It simplifies the user onboarding experience by allowing one-click access to services that use Footprint, enhancing trust and security for online interactions.
Enhanced Security Measures with Footprint
Footprint's security strategy includes complex integrations with data sources, maintaining identity accuracy, and employing a sophisticated rules engine for decision-making. Their vaulting infrastructure, utilizing AWS Nitro Enclaves, ensures end-to-end encryption and secure data processing, safeguarding against potential breaches or unauthorized access.
Footprint's Approach to Handling PII Data and Managing Keys
Footprint's approach involves pre-defining query requirements based on PII and identity data to ensure secure and efficient searching. They tackle key management challenges by utilizing Nitro Enclaves to secure keys and facilitate efficient computations, even amidst advancements like fully homomorphic encryption. Developers are encouraged to anticipate working with encrypted data, emphasizing the importance of considering data security in advance.
Footprint's User-Centric Onboarding Experience and Fraud Detection Integration
Footprint prioritizes user experience by simplifying onboarding through native app experiences, QR code scanning, and biometric verification like Face ID. They embed fraud detection signals in the onboarding process to enhance security measures. Furthermore, they introduce onboarding components, enabling businesses to easily integrate a customizable onboarding flow that seamlessly incorporates footprint's identity verification tools and minimizes development time.
Almost every application or system involves some sort of user onboarding. Increasingly, companies must implement know-your-customer and know-your-business compliance, or KYC and KYB, as part of that process. In addition, they often handle personal identifiable information, or PII.
Footprint is a developer platform that was co-founded by Alex Grinman for handling identity, security, fraud, and authentication.
Alex joins the show to talk about identity verification, security, compliance, Footprint’s frontend and backend design, and much more.
Gregor Vand is a security-focused technologist, and is the founder and CTO of Mailpass. Previously, Gregor was a CTO across cybersecurity, cyber insurance and general software engineering companies. He has been based in Asia Pacific for almost a decade and can be found via his profile at vand.hk.