1. The High-Value Transaction Step-Up
Financial institutions currently rely on SMS codes or push notifications, both of which are vulnerable to SIM swapping or accidental approval. IWISI can act as a step-up requirement for high-value transactions.
Real-World Scenario
A user attempts to wire money to a new recipient. Instead of a 6-digit code, the banking app generates a 9.9ms IWISI challenge. The user must recognize their first car, a recent restaurant visit, and their streaming habits.
Market Value
This provides both Proof of Presence and Proof of Cognition, ensuring the person authorizing the transfer is the account owner and not someone who only bypassed a lock screen.