Today, we’re thrilled to announce a new integration that brings together Mastercard’s open finance connectivity with Humanity Protocol’s identity verification platform Human ID. The enhanced platform will enable users to tap into open finance technology to access credit, loans, and real-world financial services through Humanity Protocol.
As Mastercard leads the charge in embracing innovative technologies that benefit consumers and small businesses, Humanity Protocol complements this vision with a next-generation identity layer rooted in zero-knowledge cryptography, selective disclosure, and user-owned credentials.
What does this mean for Human ID holders?
The integration enables Human ID holders to verify their personal financial details, such as income level, cash flow, or asset ownership when opening a Human ID account. The same demonstration can unlock multiple services without repeated KYC or data uploads thanks to Human IDs’ cross-platform portability and reusability.
Instead of uploading pay slips, tax documents, or bank statements, users can demonstrate things like:
“I earn more than $75,000.”
“I always pay my credit card bill on time.”
“I own a Tesla share.”
These facts are verified through Mastercard’s secure open finance technology, converted into zero-knowledge proofs, and presented to lenders, apps and other blockchain ecosystems in a secure format. The rollout will begin in the United States.
What Is Open Finance and Why It Matters Here
Open Finance allows users to securely share financial data with third-party services, typically through APIs. It enables innovation in budgeting apps, credit scoring tools, underwriting, and more.
With Mastercard’s open finance technology, Human ID will allow users to cryptographically demonstrate specific claims about their finances. This approach unlocks the benefits of open finance, with privacy at the very center.
Inclusive, Secure Financial Access
This partnership expands the real-world utility of Humanity Protocol’s Human ID, making it compatible with both traditional financial institutions and decentralized platforms. It also opens the door to financial access for the underserved or those who might avoid applications due to the intrusive nature of existing KYC and credit checks.
