ProofOfID: Building trust infrastructure for Open Banking and the AI economy

# What ProofOfID is addressing Open Banking made data portability possible. As data moves more freely, identity and consent become the limiting factor. ProofOfID presents a trust layer that ties who a person is to what they've authorised and when. The company emphasises continuous verification instead of a single onboarding check, because credentials change, accounts are targeted and impersonation techniques are becoming more advanced.

Traditional KYC is a one-time verification at onboarding. That leaves ongoing interactions vulnerable: credentials can be compromised, personal details can change, and social engineering or synthetic identity attacks can succeed. ProofOfID treats identity as an ongoing, transaction‑level element tied to recorded consent. The platform aims to shorten authentication while increasing the assurance that the interacting party is legitimate.

# A practical example for banks and Open Banking

# Core design principles ProofOfID organises its solution around four principles: Trust, Privacy, Consent, Control. The intent is to enable individuals to participate directly in identity and data sharing decisions. Requests for information still go to organisations, but individuals retain visibility into what is requested and provide an auditable record of consent. The design is focused on minimizing unnecessary data exchange while strengthening the linkage between identity and permission.

# Preparing identity for the AI economy AI changes how interactions are initiated and executed. Agents and systems can act on behalf of customers, which raises questions about who initiated an action and whether it was authorised. ProofOfID is advancing capabilities to identify AI-driven or fraudulent behaviours and to connect those signals with identity and consent records. That linkage aims to help organisations determine whether an interaction is human, agent-driven, or potentially malicious.

# Where this fits in Open Banking infrastructure Open Banking has proven secure data sharing is feasible. The next layer is trust: ensuring participants and requesters are who they claim to be and that customers have intentionally authorised access. ProofOfID positions itself as a complementary layer to existing Open Banking APIs and platforms by supplying verifiable identity, real-time consent records and fraud-detection elements suited to automated, AI-enabled ecosystems.

# What to watch for next ProofOfID was named a finalist for Best Open Banking Infrastructure – Platform Providers at the Open Banking Expo Awards 2026. The company is developing features to detect AI-enabled impersonation and to reinforce continuous trust across customer relationships. Adoption will depend on integration with banks' workflows, regulatory acceptance of recorded consent, and the platform's ability to reduce fraud and operational friction without adding complexity.

# Bottom line