Identity Assurance for High-Value Financial Transactions
Proof and Enigma collaborate to provide a cryptographically secured, end-to-end identity assurance system for high-value financial transactions by automating business verification (KYB), issuing organization certificates, enabling verifiable credentials for authorized actors, and recording every transaction with HSM-backed digital signatures to create an unbroken, regulator-defensible chain of trust.
Verified Identity for Sports, Ticketing, and Live Event Access
Business Identities Securing High Value Transactions
Proof and Enigma close the missing layer of trust in modern commerce. Together, they verify the organization, the authorized actor, and the intent behind every wire, approval, and high-value transaction.
How it Works
One Cryptographic Chain: From Verified Business to Recorded Transaction
Proof provides the cryptographic infrastructure. Enigma delivers automated KYB (Know Your Business) across regulated data sources. Together, they form an unbroken chain of trust, anchored in mathematical certainty rather than probabilistic guessing.
The Chain of Trust, End to End
Live demonstration
- 1.
Verify
- Automated KYB by Enigma.
- Legal entity, ownership, and operating status resolved across regulated data sources in seconds.
- Powered by Enigma.
- 2.
Issue
- Organization certificate.
- Proof issues the Org Cert, the digital identity layer for the business itself, bound to a verified legal entity.
- 3.
Authorize
- Verifiable credentials.
- The organization issues branded verifiable credentials (VCs) to employees and AI agents, proving who, which company, and which authority.
- 4.
Sign
- Recorded authorization event.
- Every transaction is HSM-backed and cryptographically signed, providing audit-grade evidence of who approved what, and when.
Output:
cryptographic_receipt.sig- Defensible at any regulator's table
See It in Your Workflow
Tell us about the transactions you can't afford to get wrong. We'll show you what Proof + Enigma looks like end‑to‑end, from automated KYB to a recorded authorization event.
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Cryptographic signatures replace vulnerable callbacks
- Issued in-session, signed to a verified actor, backed by HSMs.
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Automated KYB powered by Enigma
- Entity verification in seconds. No new vendor to manage, no manual legal review.
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Audit-grade evidence on every approval
- Machine-readable proof of organization, actor, and intent. Defensible at any regulator's table.
Related
Verify Your Business with Proof – Proof Help Center
Proof's Verified Business Identity allows organizations on Business Pro+ and Premium plans to complete a one-time Know Your Business (KYB) verification process—submitting legal name, address, TIN, and email domain verified via Enigma—to receive a cryptographic Organization Certificate that is automatically applied to all eSign and Remote Online Notarization transactions, thereby displaying verified status to signers and recipients to build trust and reduce signing friction.
The Fraud Files: Stolen Credentials, Fake Biometrics, and the Synthetic Identity Wave (June 2026)
A June 2026 report reveals that financial institutions' traditional identity verification methods—relying on secret information, trusted documents, and biometric authenticity—are under massive commercial-scale attack, with infostealer malware in 2025 exfiltrating over 1.8 billion credentials from 5.8 million devices (an 800% increase), leading to widespread circulation of valid stolen banking and payment card data on dark web marketplaces, fueling account takeovers, synthetic identity fraud, and ransomware attacks, thereby exposing the critical vulnerabilities in current security assumptions.
Individual Digital Certificate Supplement
The Individual Digital Certificate Supplement, incorporated into the Proof General Terms, outlines that Proof may issue an Individual Digital Certificate to a User upon verifying their application, requires the Individual to protect their Private Key and associated credentials, mandates accurate information provision, and obligates the Individual to request certificate revocation if their information changes, all subject to specified terms, conditions, and validity periods.
Proof and Enigma Partner to Launch a Verified Business Identity Layer
Proof and Enigma are partnering to launch a verified business identity layer addressing the widespread issue of outdated and easily spoofed business verifications that enable fraud across transactions, communications, and documents by providing a dynamic, trustworthy credential to confirm current business ownership and authority.
Rethinking Privacy in the Age of AI
At WebSummit Vancouver, Proof CEO Pat Kinsel emphasized that as AI enables sophisticated identity fraud—such as automated mass fake applications and impersonations—businesses must prioritize privacy and security by adopting identity-first systems with continuous verification, cryptographic protections, and real-world authority models, warning that treating fraud as an acceptable cost is no longer viable in the rapidly evolving AI landscape.
The Evolution of Payments and Identity
The article traces the evolution of payment cards from insecure magnetic stripe technology vulnerable to fraud to the adoption of the EMV protocol in the 2010s, highlighting how EMV's success in reducing fraud through dynamic data can inform future advancements in online identity verification and fraud prevention.