Seoul Labs builds SuperWallet HACS to connect digital identity and alternative credit

Seoul Labs is developing SuperWallet HACS, a mobile platform that pairs verifiable digital identity with AI-based alternative credit scoring in one workflow. The goal is to help people without IDs or credit histories gain access to formal finance, accounts and digital services.

Why it matters: - SuperWallet HACS targets people who are often shut out of banks, public support and digital services because they lack official identification or credit history. - The platform is designed to turn identity verification into a pathway to institution-ready credit evidence. - Seoul Labs says the workflow is meant to help financially invisible people become verifiable customers.

What happened: - Seoul Labs Inc. is developing SuperWallet HACS as a mobile platform that links verifiable digital identity with AI-powered alternative credit scoring. - The platform combines identity verification and credit assessment in a single workflow. - The system is built around three DID layers: Public DID, Financial DID and Self-Sovereign DID. - Public DID uses government APIs. - Financial DID uses institution-grade KYC. - Self-Sovereign DID is designed for people outside government registries. - Self-Sovereign DID adds on-device facial recognition with liveness checks, FIDO passkeys and attestation from trusted community entities.

The details: - A verified identity feeds Hybrid Alternative Credit Scoring, or HACS. - With user consent, HACS analyzes financial and non-financial Web2 and Web3 data across six categories and 30 factors. - HACS is designed to generate an 850-point score, five risk grades and an institution-ready report. - People without borrowing records can still be assessed using telecom and utility payments, payment activity and wallet-use patterns. - Seoul Labs plans to position SuperWallet HACS as financial-inclusion infrastructure for low-cost smartphones and multilingual environments. - The company also develops an EVM-compatible public mainnet, W3C DID/VC-based digital identity, AI-powered alternative credit scoring and programmable payment controls.

Between the lines: - The model links identity, data and credit in a way that could reduce one of the biggest barriers to formal finance: the lack of a trusted profile. - The inclusion of non-financial data suggests a broader underwriting model than traditional credit systems use. - Seoul Labs is also tying the platform to international development work, which points to a use case beyond commercial lending. - In Laos, Seoul Labs is building a DID-based digital student ID and academic administration system through the Korea International Cooperation Agency's Creative Technology Solution Seed 2 program. - In July 2026, SuperWallet HACS's financial-inclusion model received the CVC Innovation Award at the Global ImpactPreneur Demo Day jointly hosted by the UNDP Seoul Policy Centre and the Hyundai Motor Chung Mong-Koo Foundation. - Seoul Labs has applied for registration as a UNDP supplier and is working to expand ODA partnerships with multilateral development banks, including the Asian Development Bank and the World Bank.

What's next: - Seoul Labs plans to continue developing SuperWallet HACS for financial inclusion use cases. - The company is seeking broader institutional and development-partner adoption through UNDP and multilateral development bank channels. - The Laos project could serve as an early deployment model for DID-based identity systems tied to public services and education.

The bottom line: - Seoul Labs is betting that digital identity and alternative credit scoring can be merged into one workflow to expand access to finance for people outside traditional systems. - More information: the company's announcement - Social profile: Seoul Labs on LinkedIn