On October 18, 2026, World launched World ID Suite targeting banks and financial companies, packaging identity wallets, Zoom verification, and AI proxy tools into its first industry-specific product.

Co-founder Alex Blania introduced this product at the Money20 /20 conference. The company stated that design partners from the financial industry have already joined, but no specific banks have been named as users yet.

World ID Suite for banks What does it include?

This product bundle includes three existing identity products: World ID, World ID, for, and Zoom, as well as World ID, for, and Agents; the latter is named AgentKit. Each of them handles different uses of a person's identity credentials.

This application acts as an identity wallet, used to store and display what World refers to as “Proofs”. The Zoom function allows conference participants to confirm that the other person is real, rather than a deepfake. Participants who have undergone World iris scanning and Orb verification will be displayed with a small blue badge.

AgentKit Allows users to authorize their Proofs to AI as an agent, who will then present these credentials to third-party platforms. World A senior executive compared this arrangement to a power of attorney.

The main developers of World, Tools, for, and Humanity have also joined Zoom's independent software vendor exchange program. World plans to showcase this technology on Zoomtopia and Cloudflare Connect.

There are design partners, but no specific bank clients are named.

World recognizes Bain Capital, VanEck Funds, OpenExchange, and Outtake as design partners who are exploring the uses of banking and financial services. Pantera Capital is also listed as one of the partners.

This release did not disclose any banks that use the product, nor was a pricing scheme provided. VanEck is the only financial institution named during the limited functional testing of World in Zoom, which began in April.

World ID for Zoom are now officially open to the public, no longer limited to the previous test group.

Fraud Prediction and Competitive Proxy Tools

World cites the prediction of Deloitte that by 2027, losses in the United States caused by fraud enabled by AI could reach $40 billion, while the estimated loss for 2023 is $12.3 billion.

Tools for Humanity President Sandro Herbig indicates: "Enterprises are requesting individuals to provide their own ' Proofs ' in order to help reduce fraud and enhance trust."

World ID Suite for banks We are entering a market where other companies have already developed identity recognition tools for proxies. Cloudflare We launched our own proxy ID product and a wallet designed for proxies in August.

The resistance against AI proxies also appears in other places: in November 2025, Amazon sued Perplexity for its Comet browser proxy; JPMorgan has also begun to block robots. World, the Chief Product Officer of Tiago Sada, believes that a complete ban will cause these companies to fall behind.

Privacy concerns and biometric restrictions regarding World

World's operations or biometric data collection in Kenya, Spain, Portugal, and Indonesia has been restricted or suspended. In 2023, Kenya ceased its operations; in 2024, Spain and Portugal demanded an end to iris data collection; in May 2025, Indonesia revoked the company's license.

Sada indicates that Orb will not establish a central database based on iris scanning, and its code remains open-source.

Growth in Verification, Payments, and Token Financing

According to World, there are currently over 18 million people around the world holding Proof, of, and Human. This represents a further increase from the nearly 18 million verified users disclosed in March, with these users distributed across more than 160 countries.

Prior to this set of banking products, World launched World Money in September. This is a self-managed application that allows for stablecoin payments in over 150 countries.

World Foundation raised $52.5 million in July by selling WLD tokens, which have a one-year lock-up period.

This article was generated with the assistance of artificial intelligence and has been reviewed by an editorial team.