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Gataca

Category
Startup

Vertical
Enterprise Software, RegTech

Location
USA

Gataca is an MIT-born company that delivers advanced technology to help companies subject to KYC regulation deliver a frictionless, cost-effective and secure onboarding experience. For businesses, the company’s software cuts the time and manpower currently needed to verify customer identification. All new users have to do is to take a selfie and a photo of an ID document. The technology can detect that the person is real, compare face patterns with the photo ID, and extract text from the ID document automatically. The easy-to-integrate technology bridges the gap between the physical and the digital world to reduce fraud and keep peace of mind for data privacy and KYC regulations.n And while Gataca wants to be a one-stop-shop for identification, it doesn’t want to become another intermediary. Its ambition is to provide control back to the user. For this reason, GATACA is building a Digital Identity Platform that leverages blockchain technologies to provide a neutral, auditable and trusted identity platform across the globe.

The technology includes a mobile ID wallet for consumers and single sign-on authentication tools for businesses. The ID Wallet allows users to store identity credentials and personal information, validate their authenticity and share them securely to access instantly to digital services without the need of username and passwords or filling lenghty forms.  For businesses, Gataca offers a single sign-on button to enable access to pre-verified users (ID wallet holders), so that they don’t have to ever worry about verifying identities. In the long term, the company aims to build a user-centric digital identity layer for the internet, available across all industries, worldwide. The new architecture will enable the digitalization of services unthinkable today and a myriad of new business models.”

Team Members

Irene Hernandez

Founder and CEO, GATACA

Blogs

This startup will make verifying data easier for companies

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Upcoming Events

21
Jun
Financial Inclusion Hack – A 48 Hour Hackathon to Bank the UnBanked
Location: Royal Bank of Scotland HQ 175 Glasgow Road, Edinburgh, EH12 9SB
Hosted by Founders of the Future : Powered by RBS and Innovate Finance According to the Financial Inclusion Commission, there...
25
Jun
Coffee & Croissants Member Meet Up
Join us at the Innovate Finance offices on Tuesday 25th June for a morning networking session where you will hear...
02
Jul
AI in Financial Services: Report Launch & Drinks Reception
Location: Pinsent Masons, 30 Earl Street London EC2A 4ES
Pinsent Masons and Innovate Finance would be delighted to invite you to the launch of our joint industry report, AI...