Businesses lose billions of dollars every year to fraud and have put in place measures that destroy customer experience. People waste one year of their lives in cumbersome authentication processes for everyday tasks, such as opening a bank account, checking in at a hotel, paying for goods or recovering passwords for their online accounts.
Both security and user experience can improve dramatically via face authentication. The main challenge so far has been how protect user data, especially personal identifiable information. YooniK makes it possible for anyone to authenticate themselves to devices they don’t trust without ever sharing a single bit of biometric information.
YooniK's self-sovereign decentralized vision of authentication entails issuers, who will be able to create verifiable credentials for any process, and verifiers, who will be able to check those credentials and obtain proofs to user claims. And the broker is the user Face Wallet, sitting on their phone, which allows any connected device with a camera to see their face and obtain the right consented credentials to make that process work without ever providing companies or YooniK access to user biometrics.
With 20 years of experience in technology, innovation and product design, from large telco companies to medium-size companies and start-ups, and a strong research background, Pedro Torres has worked for the last seven years in global executive positions in customer experiences based on biometrics to enable immersive and seamless journeys.
A strong believer in decentralised self-sovereign approaches to privacy, Pedro has been leading efforts to provide the necessary protection and control to users as they authenticate for convenience with their face in multiple services such as proving identity to create a bank account, automatically checking-in to hotels, picking up car rentals or pay for goods and use loyalty in a fully contactless on-the-move fashion.
With a solid background in Machine Learning with PhD research in Artificial Intelligence at Imperial College London, Computer Diploma from the University of Cambridge and various scientific publications in peer reviewed journals, Pedro has recently co-founded YooniK to disrupt the world of private authentication.
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