How Does It Work?
Your Identity Wallet stores verified copies of your identity documents in a secure, encrypted environment. Under Australian AML/CTF regulations, certain businesses must verify your identity before providing services, while others may request this as company policy. Your Identity Wallet streamlines this process by:
Eliminating repetition – Rather than supplying the same documents to multiple providers, simply grant permission through the platform and the provider will have access to your identity information cross-referenced against their unique compliance rules
Maintaining control – You decide who can access your information and you can revoke that access at any time
Reducing timeframes – Identity verification is completed in minutes rather than days
Securing your documents – Keep your verified documents in one secure location
Streamlining compliance – Provide confirmation to authorised parties that your identity meets their compliance requirements
Is It Secure?
Yes. Your Identity Wallet uses bank-level encryption and security protocols to protect your information. Your documents are stored securely and remain private. Authorised parties only receive confirmation details that your identity has been cross-checked against their compliance rules—they never see your actual documents. You maintain complete control over who can request verification.
Getting Started
To set up your Identity Wallet, you'll need to:
Complete the initial identity verification process
Upload the required identity documents
Set up multi-factor authentication for additional security
Review and approve document storage
Once set up, your wallet is ready to use across all services that require identity verification and utilise VerifiMe.