Cut fraud
$24.26 billion lost to card and identity fraud worldwide in 2018
Modern Banking
Trust – through secure access and communication – is imperative for modern banking. But all too often it’s a one-sided trust customers have no way of proving that the communication really is from their bank.
Combine this with the rise of fraud in the form of push payments, unsecure 2FA, social engineering and identity theft, and it’s clear we need a fundamental change. Nuggets is that change.
The benefits
Nuggets minimises regulatory and reputational risks. It also reduces losses from fraud, false positives and fraudulent chargebacks. And increases revenue. All with the privacy and security of blockchain.
Cut false positives
$331 billion lost or passed up through false positives worldwide in 2018
Cut fraudulent chargebacks
These make up 42% of retail fraud losses
Single sign-on with biometrics
One biometric verification. No more usernames or passwords at any level
Simple, secure payments
Customers can use various methods, including credit and debit cards or cryptocurrency. Without handing over personal data
Loyalty rewards & value
Customers earn rewards and value when they choose to share data with you
More transactions
Trusted and verified transactions mean more payments go through, with more peace of mind for you
Verified two-way communication
Customers can be assured you’re genuine, and can confirm their identity to you
Cross-platform
Available on Android and iOS, and across mobile, desktop and multiplatform
No more risk assessments and credit checks
Nuggets users build up a trusted profile as they complete transactions. This proves they’re good actors in the network, and their payment methods are good
Minimise regulatory and compliance exposure
General Data Protection Regulation (GDPR), Second Payment Services Directive (PSD2), Federal Trade Commission Act (FTC Act) and California Consumer Privacy Act (CCPA)
Simple integration
Easy and secure API and Container integration
Immutable record of transactions, while protecting security and privacy
You no longer have to question or prove transactions
No more insecure 2FA
Do away with weak password, SMS and email verifications
Secure trustless network
All participants are verified, and a reputation network
White label apps and services
Integrate easily with existing products and systems
Contactless delivery, biometrically verified
A courier can deliver a package contact-free, by pinging the customer’s Nuggets app. The customer just verifies their ID biometrically, and confirms the delivery
Digital safety without training
Nuggets is simply safer. And because there are no usernames or passwords, there’s no chance of anyone accidentally compromising them
User owned and controlled documentation
Remove the cost and the responsibility of holding personal data
Modular integration
Verified login, payment or ID
KYC Agnostic
Works with businesses' choice of KYC
End-to-end Encryption
No possibility of a man-in-the-middle attack
Open Standards
Through the use of open standards W3C Verifiable Credentials (VCs), Decentralised Identifiers (DIDs), DIDComm Messaging (DIDComm), Key Event Receipt Infrastructure (KERI). Nuggets truly enables global interoperability as a Self-Sovereign ID (SSI).
Strong Customer Authentication
Verified Identity and Payment for PSD2 Strong Customer Authentication on every transaction, beyond
the baseline
Inherence (something a user is)
Verfied identity and device biometric fingerprint recognition
Possession (something a user possesses)
Verified trusted device, App and identity via ownership of private key signing and verifying
Beyond the baseline
Multi Factor authentication, Private Key, Stored ID elements and Proof of Good Actor on every payment big or small
Fully customisable. Easy to integrate. Cross-platform.
Nuggets is a white-label identity solution. Deploy it the way that makes sense for you and your customers. It integrates with compliance processes, payments and your customer experience.
Consumer-grade and enterprise-ready.
Nuggets is available on Android and iOS, desktop and multiplatform.
GET IN TOUCH
