Original disclosure @ IFC website
Updated in EWS Dec 10, 2020
Disclosed by Bank Dec 4, 2020
Can you contribute information about this project?
Contact the EWS Team
idwall (“the Company”) is a Brazilian based fraud prevention and identity verification software business. The Company offers onboarding technology that streamlines the KYC / AML process leading to efficiency gains and faster customer conversion. idwall’s solutions are applicable across industries and today customers include both large Brazilian enterprises and SMBs. In addition, the Company offers MeuID, a digital identity service for consumers to better monitor their identity or for businesses to continuously verify stakeholders.
1. Improved access to digital services for individuals, resulting in digital inclusion of the underserved: Access to digital services in Brazil is fairly high compared to other emerging markets and the share of adults using mobile / e-payment is above regional averages, yet slightly below income group averages. Similarly, the share of the population with proof of identity mirrors other emerging markets. Still, for the poorest, access to digital services remains less than half the national average, reflecting lower levels of trust. The project contemplates improved access to digital services by scaling up the digital ID product, which may enable users to gain affordable, secure access to online services thereby enabling their digital inclusion.
2. Enhanced productivity growth and cost savings for businesses through digital ID solutions: Despite a relatively high usage of ICT in B2B transactions, businesses incur high cost due to prevalence of corruption and fraud in Brazil.
3. Enhanced productivity growth and cost savings for businesses: idwall's products enable more efficient and secure interactions with customers. Automated processes lead to efficiency gains, cost savings, and
faster conversion of customers, which directly impacts profits.
4. Integration of the Brazilian economy through increased digitalization: While Brazil's economy is fairly integrated with adequate digitalization of transactions, few scalable digital ID solutions are available resulting in economic frictions and limiting the size of the digital economy.
5. Foster economic integration through the proliferation of private sector led digital ID platforms: The Company is introducing an innovative model that enables scale up of a digital ID. Successful expansion by the Company will demonstrate the viability of this model to competitors and potentially result in their replication.
Any funding information was available at the moment of the snapshot.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||IDWALL TECNOLOGIA LTDA||Client||Industry and Trade|
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org