Footprint provides a single SDK to smartly handle the infrastructure of user and business onboarding. This is focused around an identity verification platform that helps financial institutions and others onboard users securely while preventing fraud and ensuring compliance

New York, NY (October 8, 2024) –The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, today announced the addition of Footprint as its newest member. Footprint, a Series A company which has raised $20M from QED and Index, provides a cutting-edge identity verification platform that helps financial institutions and other companies onboard users securely while preventing fraud and ensuring compliance. Footprint’s solutions allow companies to optimize the customer experience and maintain the highest security standards, helping to facilitate responsible, customer-centric innovation across industries.

“Footprint’s cutting-edge approach to identity verification is helping financial institutions enhance security while providing the seamless experiences their customers want,” said Phil Goldfeder, Chief Executive Officer of AFC. “We are thrilled to have them join our community of responsible innovators creating positive change though new, better ways of supporting customers across industries. We look forward to working together to drive the future of secure, efficient financial services.”

Footprint empowers financial institutions and other companies to verify customers in real time, leveraging advanced cryptography and biometrics in an easy-to-use platform. Footprint is one of a dozen companies leveraging Nitro Enclaves for security, and reports over ¾ of users have registered passkey biometrics. Footprint lives on the front end of their customers, enabling them to leverage behavioral analysis and advanced machine learning models to more accurately decide when to dynamically challenge users for more information. Footprint is a leader in helping institutions onboard users faster and more securely.

“Joining the American Fintech Council aligns perfectly with our mission to put people in control of their data and unlock the internet’s potential through greater privacy and speed,” said Eli Wachs, co-founder and CEO of Footprint. “Fraud and identity theft should not be everyday worries for consumers or companies. We believe technology can fundamentally change that dynamic and help create a more trusting, secure financial system. We are excited to join AFC and collaborate with other responsible companies working to make that future a reality.”

A standards-based organization, AFC is the premier trade association representing the largest financial technology (Fintech) companies and innovative BaaS banks. AFC’s mission is to promote a transparent, inclusive, and customer-centric financial system by supporting responsible innovation in financial services and encouraging sound public policy. AFC members foster competition in consumer finance and pioneer products to better serve underserved consumer segments and geographies.

About Footprint

Footprint unifies KYC / KYB, security and authentication to automate consumer onboarding and reduce identity fraud. Footprint provides UX components which in real-time conduct behavioral analysis, run KYC, and vault data. Through its novel use of App Clips and Passkeys, Footprint binds a biometric to an identity to deterministically link one identity to each device, reducing duplicate identity theft at account creation and ATO/phishing for authentication. Footprint is backed by QED and Index Ventures. Learn more at http://www.onefootprint.com.Tolearn more about Footprint, visit https://www.onefootprint.com/. Follow Footprint on social media on Twitter and on LinkedIn.