Mark is the Vice President of Emerging Product at AU10TIX, an identity intelligence leader headquartered in Israel, provides critical, modular solutions to link physical and digital identities so that companies and their customers can confidently connect. He is skilled in payments, e-commerce, product management, product marketing, and user experience.
Microsoft surveyed 3,000 enterprises and found that 82 percent of companies want a better way to address these changes and concerns. This makes it a priority vertical as we partner with Microsoft to offer this solution to its Azure Active Directory community. That being said, many of our current customers are in the consumer fintech space, and there is an unquestionable interest and curiosity about the characteristics of this solution and how it can add value to their business operations and deepen engagements with consumers. However, there are challenges to adoption, one of which is the fundamental shift in how fintechs and others manage consumer data if they follow the principles of verifiable credentials.
The new solution uses Microsoft’s Entra Verified ID, which was introduced as the software giant’s entry into decentralized identifiers in late-2022.