Accredify is making a pitch for its tech to fight everyday scams through verifiable credentials.
Accredify aims to prevent scams and fraud in e-commerce, ticketing and news dissemination, says its CEO and co-founder Quah Zheng Wei.
“One of the next steps for us is to solve the big problems that touch citizens’ lives: To prevent scams and fraud in e-commerce, ticketing and news dissemination,” Mr Quah Zheng Wei, co-founder and chief executive officer of Accredify, told The Straits Times. It is a nifty tool for e-commerce platforms, healthcare providers, academic institutions, traders and governments to provide public assurance through the issuing of verifiable documents and credentials.
He noted that Accredify’s tools are a natural extension of Okta’s platform-agnostic developer tools that support authorisation and authentication. “Verifiable credentials logically then can become a vital component of authentication going forward,” he said. Today, the start-up counts more than 900 organisations in Asia and Europe as clients. They include Singapore Management University, NTUC LearningHub, Raffles College of Higher Education, London School of Business and Finance, and Brickfields Asia College.The Accounting and Corporate Regulatory Authority of Singapore is one of Accredify’s latest customers.
In another scandal in 2021, 23 foreigners were found to have falsely declared their educational qualifications from India’s Manav Bharti University in their work pass applications in Singapore. The Indian university had reportedly sold 36,000 fake degrees across 17 Indian states over 11 years.
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