
This Week in Fintech đ§ The Philosophy of Identity, a conversation with Footprint Co-Founder Eli Wachs
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Aug 12, 2025 Eli Wachs, Co-Founder and CEO of Footprint, discusses revolutionizing internet identity infrastructure. He shares insights from his exploration of identity at the Stanford library and collaboration with economist Raj Chetty. The conversation dives into Footprint's innovative onboarding solutions that simplify fraud prevention with just five lines of code. Eli also highlights challenges in digital payments and the role of user consent in data privacy. The potential of a centralized database of good actors takes center stage as a vital tool for enhancing security in the digital age.
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Order Change Boosted Younger Signups
- One customer changed vendor ordering and saw average applicant age drop by three years overnight.
- That simple waterfall tweak produced a measurable conversion lift for their onboarding funnel.
Horizontal Hosted Onboarding
- Footprint serves a wide horizontal market spanning lending, banks, car and apartment rentals by offering hosted onboarding.
- A single hosted onboarding flow can render dynamic terms and improve cross-product conversions at scale.
Fixing Cross-Product Visibility At Scale
- Large companies with many acquired product lines lacked visibility of users across those lines.
- Footprint's vaults and identity network help link users across an enterprise's disparate systems.
