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Proof Launches Portable Digital Identity for Banks as Federal Regulators Recognize Verifiable Credentials Under CIP Rules
Source: GlobeNewswire
FintechRegulation & LegislationCybersecurity & Data PrivacyTechnology & Innovation
Proof launched shortly after FinCEN and federal banking agencies updated customer-identification guidance to explicitly recognize verifiable digital credentials. The regulatory clarification could support broader adoption of digital identity tools in financial-services onboarding and compliance, benefiting fintech providers focused on secure identity verification.
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