Tagged: digital id

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

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

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

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

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

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

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

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

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

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

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

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

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