The term bank-verified can mean different things depending on the situation it’s being used in.
In our case, when we say OneID is bank-verified, we mean that the information we use comes from a bank – making our process safe, secure, and accurate.
For example, with OneID Verified Sign-In, you use the personal information stored with your bank to sign-in online. By sharing information such as your name or age directly from your bank through OneID, the website you are signing into knows that:
The information you’re providing is correct. They know this because it has been verified by the bank’s security processes (and banks are well known for being pretty secure!).
The information you’re providing definitely belongs to you. They know this because you are the only person who can access your bank, logging in with your fingerprint, Face ID, or secure passwords.
Using a bank-verified service like OneID means you can easily but safely prove who you are online, building trust in our online society.