Bonifii completed a POC with GlobaliD and Lone Star Credit Union to create the “Bonifii credential”
Throughout 2022, Bonifii and Lone Star Credit Union worked together to prove the concept that a new member could bring their own “BonifiID” digital identity credential. It gives underserved individuals a secure, private way to access traditional banking services.
Bonifii created the digital credential along with GlobaliD, a trust platform and digital wallet. This credential transforms the new account opening process for unbanked or underbanked consumers. It streamlines how financial institutions get the information they need to open an account. Plus, the credential’s end-to-end digital online application process offers a secure entry point into a financial account.
For underbanked people, this could be a pathway to greater financial stability.
MemberPass Express (No Code / Low Code) Bonifii’s achievements in 2022 continue to build the on the product value that MemberPass will bring to the credit union industry and beyond.
Each one is unique, and each addresses a different aspect of how digital identity functions in the real world. By extension, each agreement has made MemberPass stronger, and a more effective personal digital ID solution for credit unions and members.