Unauthenticated Account Opening Using a Foreign Entity Identifier
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Solution Overview
Problem
Existing systems require users to manage multiple sets of credentials for third-party and service provider accounts, leading to a poor user experience, security vulnerabilities, and privacy concerns due to the complexity of maintaining parity across different entity systems.
Innovation Solution
A foreign entity identifier is used to facilitate account generation and credential creation without requiring users to create separate credentials, allowing third parties to interact on behalf of users and enabling seamless account setup through a token-based system that maintains security and privacy.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If users create separate credentials for third-party and service provider accounts, then security verification is improved, but user experience deteriorates and credential management complexity increases
Solution Approach 1:
The patent introduces a foreign entity identifier as an intermediary mechanism that enables the service provider to verify the third-party's authentication without requiring users to create separate credentials. The foreign entity identifier acts as a mediator that links the third-party authentication state to the service provider system, resolving the contradiction by maintaining security verification through indirect authentication while simplifying user experience through single credential management.
Solution Approach 2:
The foreign entity identifier serves multiple functions: it verifies third-party authentication, enables service provider access, and eliminates the need for separate credential sets. This multi-functional approach allows a single authentication mechanism to satisfy both security requirements and user experience goals, as the same identifier system handles verification across different entity boundaries without requiring additional user actions.
2Reliability
If users manage multiple sets of credentials across different entity systems, then security verification is improved, but device complexity and time consumption increase
Solution Approach 1:
The foreign entity identifier serves as an intermediary that eliminates the need for users to manage multiple credential sets across different entity systems. Instead of storing and managing separate credentials for each system, users only need to manage their third-party credentials, while the foreign entity identifier mediates the authentication process with the service provider, significantly reducing credential management complexity while maintaining security verification.
Solution Approach 2:
The system creates a virtual representation of user authentication status through the foreign entity identifier, which copies the essential authentication information from the third-party system without requiring users to physically manage multiple credential sets. This copying mechanism allows the service provider to verify authentication without users needing to handle actual multiple credentials, reducing complexity while maintaining security.
3Reliability
If separate credentials are required for third-party and service provider accounts, then security control is improved, but account setup time and computational resources increase
Solution Approach 1:
The service provider performs preliminary actions by generating the foreign entity identifier and configuring the authentication verification mechanism in advance. This preliminary setup eliminates the need for time-consuming credential creation and management during account setup, as the verification infrastructure is already in place. The foreign entity identifier system is pre-configured to automatically verify third-party authentication, reducing account setup time while maintaining security control.
Solution Approach 2:
The foreign entity identifier acts as an intermediary that automates the authentication verification process, eliminating manual credential management steps. When a user authenticates with the third-party, the foreign entity identifier automatically verifies this authentication with the service provider without requiring users to manually create or manage separate credentials, significantly reducing account setup time while maintaining security control through automated verification.
Data Source
AI summary
Systems and methods for unauthenticated account openings is disclosed. The system can receive, from a first computing system, a request. The method may include computing, based on the request, a foreign entity identifier, wherein the foreign entity identifier is associated with an unverified identity of the first computing system, and the foreign entity identifier identifies the request during one or more interactions with at least one endpoint of a second computing system. The method may include accessing, based on the request and the foreign entity identifier, one or more executable tasks, the executable tasks being executable by the first computing system. The method may include receiving status data associated with the executable tasks. The method may include generating, based on the status data, a new account that satisfies the request wherein the new account is associated with a verified identity of the first computing device.