digital id

UK’s National Fraud Database Cifas Reports Identity Fraud Up Significantly, New Survey Finds Digital IDs May Solve Problem

April 22, 2021 @ 11:07 pm By Omar Faridi |

Survey results shared by Duff & Phelps, A Kroll Business on Tuesday (April 21, 2021) revealed that 81% of respondents either agreed or strongly agreed with the idea that digital IDs may improve our ability to combat financial crime across the financial services sector. Duff… Read More

Read more in: Fintech, General News, Politics, Legal & Regulation, Regtech & Legaltech | Tagged aml, cifas, digital id, digital onboarding, digitalization, duff & phelps, europe, financial crime, fraud, harry weber-brown, identity fraud, kroll business, kyc, mark turner, survey, the investing and saving alliance, tisa, uk, united kingdom

DeFi Needs a More Reliable Credit Scoring System According to Blockchain Platform Ontology Founder Li Jun

April 19, 2021 @ 6:32 pm By Omar Faridi |

Decentralized finance (DeFi) requires a more reliable credit scoring system, however, we need to be cautious, according to Ontology (ONT) Founder, Li Jun. Jun explains that credit scores have been “a cornerstone of risk evaluation in the global banking systems for decades.” He adds that… Read More

Read more in: Asia, Blockchain & Digital Assets, Fintech, Global, Opinion | Tagged credit scoring systems, decentralized finance, Decentralized Identity, decentralized ids, defi, digital id, distributed ledger technology, dlt, lending, li jun, ont, ontology, open banking, psd2

LendInvest Explains how it Leverages Open Banking, and Fintech Solutions from Equifax, Jumio to Support Business

March 29, 2021 @ 11:06 am By Omar Faridi |

Property finance marketplace LendInvest has published a blog post in which it’s requesting people to support the company in certain Buy-to-Let, Bridging and Development Awards. LendInvest notes that it’s a busy award season in property lending. Like most years LendInvest has been recognized for its… Read More

Read more in: Fintech, Global, Real Estate | Tagged buy-to-let, digital id, equifax, europe, Facial Recognition, fintech adoption, jumio, lendinvest, open banking, property lending, uk, united kingdom

South Korean Blockchain Project ICONLOOP Acquires $5 Million in Additional Investments, After Receiving Capital from $100 Million K-Growth Fintech Innovation Fund

July 6, 2020 @ 10:32 pm By Omar Faridi |

South Korea’s ICONLOOP, a company that developed its own blockchain-powered engine, loopchain, which is used for various Internet services, has reportedly acquired KRW 6 billion (appr. $5 million) in additional investments. The company has secured a total of KRW 16 billion (appr. $13.4 million) in… Read More

Read more in: Asia, Blockchain & Digital Assets, Fintech | Tagged digital id, distributed ledger technology, dlt, iconloop, investment round, myid alliance, south korea

Bithumb Announces Integration With Blockchain-Based Digital ID Organization MyID Alliance

April 15, 2020 @ 11:23 am By Samantha Hurst |

South Korean cryptocurrency exchange Bithumb announced on Tuesday it has integrated with blockchain-based digital identification organization, MyID Alliance. Bithumb claims it is the first Korean virtual asset exchange to implement the distributed identification (DID) service performed by the organization. Bithumb Korea will notably participate as… Read More

Read more in: Asia, Blockchain & Digital Assets | Tagged asia, bithumb, cryptocurrency, cryptocurrency exchange, digital asset, digital asset exchange, digital id, myid, myid alliance, south korea

Cryptocurrency Exchange Coinbase Tests Clearview AI’s Controversial Facial Recognition Software

February 29, 2020 @ 5:56 pm By Omar Faridi |

Over two thousand firms have reportedly either tested or used facial recognition software solutions created by Clearview AI. The list of firms notably includes San Francisco-based crypto exchange Coinbase. BuzzFeed went through Clearview’s internal company documents and released its findings on February 28. The report… Read More

Read more in: Blockchain & Digital Assets, Investment Platforms and Marketplaces, Politics, Legal & Regulation | Tagged clearview ai, coinbase, crypto exchange, digital id, Facial Recognition