Mexico’s rapid digital growth is redefining customer behaviors. Most Mexicans are avid Internet users. Majority of them owns a smartphone, and shops online. This is also driving their expectations towards how financial sector should interact with them. Innovation around how customers create their accounts and access financial services is much anticipated. But customers are not just asking for a more convenient access. They are also expecting service providers to address cyber security concerns and ensure their data safety.

At Xpass we are convinced that digital identity is the next step of innovation for Latin American financial sector. The implementation of…

As businesses are making the switch towards digital onboarding processes, it is crucial to minimize the risks of identity fraud and data breaches. Often, identification, verification and authentication are being mixed up and/or used as synonyms. All these terms represent a different part of proper ID management and customer onboarding process.

In this article we give an overview of:

• What is identification?
• What is ID verification?
• What is user authentication?
• How Xpass help your business in these matters?

What does identification mean?

Identification helps to answer the question: who are you? It simply means asking your customers to provide necessary documents or information to…

Ernesto Cueto es el CEO y uno de los tres co-fundadores de Xpass. Ernesto nació y creció en México. Ha estudiado y vivido en Francia, República Checa y Estonia. Actualmente, está terminando su maestría en tecnologías y servicios de gobernabilidad electrónica en la cual su principal foco de estudio ha sido el desarrollo de identidades digitales en el sector público y privado.

Xpass nació de su frustración personal al tener que rellenar formularios infinitos para acceder a servicios en línea y ante la necesidad de tener que recordar múltiples contraseñas, métodos de verificación y autenticación que no son fáciles de…

Ernesto Cueto is the CEO and one of three Co-Founders of Xpass. Ernesto was born and grew up in Mexico. He has studied in France, Czech Republic, and Estonia. Currently he is finishing his Master’s degree in e-Governance technologies and services. During his Master studies his main focus has been digital identities for the private and public sector.

Xpass was born out of the personal frustration of having to fill in infinite forms to access online services. The need to come up with multiple passwords and user logins, among other identification and verification methods are not user friendly.

This is…

It is a worldwide trend that consumers are spending more money in online channels than ever before. This has enabled businesses to reach more customers and create digital sources of revenue. At the same time digitally minded consumers are expecting to access services with ease in digital channels. This trend keeps challenging companies to constantly change and develop their digital business strategies. Businesses, which are successful in adopting digital transformation in their business models, will have a strong competitive advantage on the market.

Often, Latin American countries are overlooked when discussing digital transformation in business strategies and digitally minded consumers’…