All digital markets are built on trust and that trust has been reduced to an algorithm driven by proof of identity, which currently remains heavily reliant on formal documents such as a passport or driving license. Anyone looking to misrepresent who they are, where they live or what they're paid would need their documentation to reflect this false version of their status. Highly automated workflows used by financial services are particularly vulnerable to this type of manipulation. Bank statements that are used to support lending applications, "know your customer" (KYC) procedures and other identity-driven financial purposes worldwide are regularly tampered with. In addition, "know your user" (KYU) processes, which include merchants, fintech companies and the B2B ecosystem, among others, are also subject to fraud.