Proof Launches Verifiable Digital Credential for Banking, Reusable Identity and AI Agents

Proof (formerly Notarize) released Verifiable Digital Credential, a portable digital ID that users verify once and reuse across financial institutions. General access opens September 15 via platform and API; US regulators clarified rules for such credentials in banks on September 8.

• Credential is tied to an X.509 certificate and stored by the user, not the bank
• Supports OID4VCI and OID4VP standards, plus selective disclosure via SD-JWT
• FinCEN, Fed, FDIC, NCUA and OCC clarified VDC use in CIP on September 8
• Model also designed for transactions performed by AI agents on behalf of a person