Reduce fraudulent organisational representation during onboarding of new customers, services and high risk transactions
Right to Represent reduces costs by automating manual verification workflows. Right to Represent digitally ties an individual and their rights to an organisation to reduce the time to execute corporate KYC/AML.
KYC & customer onboarding
Certificate Authority validation & PKI Identity Certificates
Public sector digital services
The need for Rights Assertion
Existing Know Your Customer (KYC) and general onboarding identity solutions are focused around individuals:
- Do not verify the organization identity
- Do not establish an individual’s right to represent an organisation
Companies risk fraudulent representation, or undertake costly, manual, and non-standardised internal process secondary to their core competence.
Few Companies can fulfil Right to Represent
Right to Represent requires a standardised organisation identity managed through an Identity Provider (IdP) & Rights Delegation service
Ubisecure’s GLEIF accredited Legal Entity Identifier (LEI) issuance service, RapidLEI, provides the LEI for the standardised organisation identity
Ubisecure’s established Identity Platform provides the Identity Provider (IdP) and Rights Delegation service
Ubisecure vetting services provide linkage between the organisation identity and the delegation / IdP services.
How Right to Represent works
Individuals request Legal Entity Identifier(s) for Organisation via Ubisecure’s automated RapidLEI service
Rights of Individual to request and represent on behalf of Organisation are verified
Rights and assurances are managed through the Right to Represent IdP service
Verified Individuals can invite other individuals to join through multi-tier system
Invitees are verified depending on role of the inviter
Service Providers add Right to Represent authentication (OAuth 2.0) at point in workflow they need to determine rights
Defaults to a strongly authenticated individual (MFA) and a highly assured organisation (LEI)
Pre-established Mandates specify the definitions and values of the Rights
Service Provider builds assertion conclusion into workflow or product via SDK/API
Business Value of Right to Represent
Right to Represent reduces costs by outsourcing right to request / right to represent workflows. An earlier version of RtX, Ubisecure delegation of authority, is being used by numerous European Government and Telecoms providers.
The Finnish Government needed an identity management system to enable the strong identification of individuals and organisations for online Government services that scaled nationwide, and supported online power of attorney. Ubisecure provided the solution, now known throughout Finland as Katso.
- €6-€10 saving per delegated transaction
- 1m+ authentications per month
ANALYST EXECUTIVE SUMMARY
An overview of the Customer Identity and Access Management (CIAM) industry & an impartial high level description and analysis of the Identity Platform.
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