In November 2025, Meeco was shortlisted and invited to present at the G20 TechSprint in Pretoria, South Africa—a prestigious innovation challenge hosted by the South African Reserve Bank and the BIS Innovation Hub. The event brought together leading technology providers, financial institutions, and regulators from around the world to tackle some of the most pressing challenges in cross-border finance.
This year's TechSprint focused on strengthening financial inclusion, reducing risk, and enabling trusted digital interactions across borders. For Meeco, it was an opportunity to demonstrate how our Secure Value Exchange (SVX) platform—and specifically SVX Verify—addresses the complex identity verification challenges that have long hindered seamless international financial services.
Responding to a Global Challenge
Meeco responded to Problem Statement 1: Enabling Cross-Border Data Flows with Trust. This challenge addresses a fundamental friction point in international finance—the difficulty of verifying identity and credentials across different jurisdictions, systems, and regulatory frameworks without compromising privacy or security.
Traditional approaches to cross-border identity verification are riddled with inefficiencies. Each institution independently conducts Know Your Customer (KYC) checks, resulting in duplicated effort, increased costs, unnecessary exposure of personal information, and frustrating delays for customers. Moreover, the lack of interoperability between systems means that verified credentials rarely travel with individuals across borders or between service providers.
Across two intensive days in Pretoria, our team presented to an expert judging panel and a diverse group of international jurors. We showcased how Meeco's standards-based platform enables organisations and individuals to issue, hold, and verify digital credentials with confidence—transforming the way identity works in financial services.
The SVX Difference: Privacy-Preserving, High-Assurance Identity
Our presentation highlighted the unique capabilities that make SVX Verify a production-ready solution for cross-border financial services:
Transforming Identity Proofs into Reusable Credentials
SVX converts traditional identity documents and verification processes into digitally signed, verifiable credentials that can be securely stored and selectively shared. This means identity proofs completed once can be reused across multiple institutions and jurisdictions, dramatically reducing friction and redundant processes.
Reducing Fraud and Minimising PII Exposure
By implementing selective disclosure and zero-knowledge proof capabilities, SVX enables verification without unnecessary sharing of personal identifiable information (PII). Financial institutions can confirm that a customer meets specific requirements—such as age, residency, or accreditation status—without accessing underlying personal details, significantly reducing data breach risks and regulatory exposure.
Supporting High-Assurance KYC and Transaction Flows
SVX Verify automates verification workflows while maintaining the high assurance levels required for financial services. The platform supports complex, multi-step processes including customer onboarding, ongoing monitoring, and transaction authorisation across borders, all while maintaining cryptographic proof of authenticity and consent.
Bridging Legacy Systems to Modern Ecosystems
Through our Credential Bridge technology, SVX connects existing core banking systems, identity databases, and verification services to modern credential ecosystems. This means financial institutions don't need to rip and replace their existing infrastructure to participate in verifiable credential networks—they can evolve incrementally while maintaining operational continuity.
Built on Global Standards for True Interoperability
SVX implements internationally recognised standards including OpenID for Verifiable Credential Issuance (OpenID4VCI), OpenID for Verifiable Presentations (OpenID4VP), IETF Selective Disclosure for JWTs (SD-JWT), and ISO Mobile Document standards. This standards-based approach ensures interoperability, portability, and vendor independence—critical factors for building sustainable cross-border ecosystems.
Demonstrating Real-World Cross-Border Scenarios
To illustrate the practical impact of SVX, we demonstrated a compelling cross-border financial services scenario. In our use case, a customer undergoes comprehensive KYC verification at their home bank in one country. This verification results in a digitally signed, verifiable credential that the customer stores securely in their digital wallet.
When that customer travels abroad and wishes to open an account at a financial institution in another country, they can present their existing KYC credential for verification. The receiving institution can cryptographically verify the credential's authenticity, confirm it was issued by a trusted source, and check that it hasn't been revoked or tampered with—all without requiring the customer to restart the entire verification process from scratch.
This approach delivers benefits across multiple dimensions. For customers, it means faster service, fewer redundant document submissions, and greater control over their personal information. For financial institutions, it reduces operational costs, accelerates onboarding times, and strengthens compliance while lowering the risk of data breaches. For regulators, it provides greater transparency and audit trails while enabling more sophisticated approaches to cross-border financial crime prevention.
Critically, this isn't a theoretical vision—it's the type of safe, privacy-respecting, high-assurance identity flow that SVX enables today, and precisely the kind of innovation the G20 TechSprint challenges were designed to support.
Recognition on a Global Stage
Being shortlisted and invited to present at the G20 TechSprint represents significant validation for Meeco's approach to digital identity in financial services. Competing alongside leading innovators from around the world, we demonstrated that SVX offers a genuinely unique value proposition: a modular, production-ready identity infrastructure that enables trusted digital interactions without compromising security, privacy, or user experience.
The TechSprint highlighted the growing international consensus around the need for interoperable, privacy-preserving identity solutions in finance. As regulators worldwide introduce new requirements for digital identity and data protection, and as financial institutions seek to modernise their operations while maintaining compliance, the standards-based approach championed by SVX is increasingly recognised as the path forward.
Looking Ahead: Building the Future of Trusted Financial Ecosystems
The G20 TechSprint experience reinforces what we've long believed: the future of finance depends on identity infrastructure that puts individuals in control while enabling institutions to operate efficiently and securely across borders. As cross-border commerce, remittances, and financial services continue to grow, the limitations of legacy identity systems become increasingly untenable.
We're deeply grateful to the South African Reserve Bank, the BIS Innovation Hub, the expert judges, and the wider TechSprint community for creating a forum where these critical challenges can be addressed collaboratively. The insights, connections, and momentum generated during those two days in Pretoria will undoubtedly contribute to advancing the global conversation around trusted digital identity.
At Meeco, we remain energised by this recognition and committed to our mission: making verifiable credentials practical, interoperable, and accessible for organisations and individuals around the world. The work of building trusted financial ecosystems is far from complete, but events like the G20 TechSprint demonstrate that the foundation is being laid—and that collaboration across borders, sectors, and technologies is making the vision of seamless, secure, privacy-respecting digital finance an achievable reality.
For more information about SVX Verify and Meeco's identity verification solutions, visit Meeco's Platform page or contact our team.
Learn more about our cross-border identity work at Meeco's Cross-Border page.
