Avoco is changing the way that digital identity ecosystems are created
Digital identity is no longer a single, static, object. It is about a fluid, cross domain, expandable, and powerful way for you to connect with your wider customer and business associate base.
A hybrid architecture based on a multi-functional API and scripting rules, has many advantages over existing Cloud architectures, such as micro-services.
Rather than have static code, which must be updated, Avoco’s novel, open loop approach, is based on a triumvirate of the following:
• Small, core code
• Configuration
• Dynamically applied code, based on scripting languages and lambda functions.
This new mode provides the backbone of an ecosystem that is ultimatley modifiable, and that can cover myriad use cases.
Using API connected approach to deliver online and offline transactions
There is no one-size-fits-all digital identity. Hard-coded platforms are no longer able to deal with what is fast becoming the pivot upon which business depends – identifying someone.
E-commerce, banking, government, the finaincal sector, and wider industry, need to have tools that are flexible enough to reflect business goals.
Avoco’s Orchestration and Decisioning Engine (ODE), provides a way to utilise verified data from Open Banking, eWallets, and other data sources, to deliver assured identity, identity federation, and payments.
This is why Avoco has moved outside of the constraints of an identity platform, into the more flexible and dynamic world of the Open Loop Network Layer. Our technology is behind some of the world’s most innovative identity systems, such as the UK Government’s assured identity service – Verify.
