Tagged: identity verification

July 24, 2021 @ 2:04 pm By Omar Faridi  |  

AuthenticID recently announced a $100 million minority growth investment that has been led by Long Ridge Investment The investment will be directed towards supporting AuthenticID’s ongoing innovation in automated identity proofing as well as the firm’s market expansion efforts. AuthenticID, an established provider of Identity… Read More

July 21, 2021 @ 7:25 pm By Omar Faridi  |  

Jumio, an established provider of AI-enhanced end-to-end identity verification and eKYC services, reveals that its sales and revenue increased more than 150% during Q2 2021 when compared to Q2 2020. The growth has reportedly been fueled by “an ongoing need for modern enterprises to know… Read More

July 14, 2021 @ 7:58 pm By Tony Zerucha  |  

Banks still have a long way to go in the quest to automate identity verification, research from biometric authentication services provider iProov shows. Research conducted with 20 or the largest retail US banks revealed overly complicated online onboarding processes which failed to capitalize on opportunities… Read More

July 13, 2021 @ 3:03 pm By Tony Zerucha  |  

Digital asset marketplace Binance.US is adding mobile phone-based technology to its user verification and onboarding processes. The multi-year agreement is with Prove a company offering technology that proves identity with a phone number. Through its trademarked process Phone-Centric Identity Prove analyzes mobile, telecom, and other… Read More

June 30, 2021 @ 9:07 pm By Omar Faridi  |  

Australia-based eftpos Group has introduced its new digital identity solution that will serve as a standalone Fintech division. The new initiative, called Connect ID and created with assistance from SecureKey, is currently live, with the stated goal of making it simpler for consumers in Australia… Read More

June 29, 2021 @ 3:15 pm By Omar Faridi  |  

TruNarrative has reportedly been selected by the Rational Group, which is home to FX and payment firms RationalFX and Xendpay. TruNarrative has been chosen by Rational Group to enhance its customer onboarding and identity verification processes while offering a user-friendly experience. Launched in 2005, RationalFX… Read More

June 29, 2021 @ 10:44 am By Omar Faridi  |  

iDenfy, an international identity verification service that offers a secure and reliable solution to quickly verify customers’ identities online, announced on Tuesday (June 29, 2021) that it has teamed up with Clearshift. Clearshift, a firm that’s focused on offering low-cost, transparent, and simplified solutions for… Read More

June 25, 2021 @ 8:34 pm By Omar Faridi  |  

Prove, which offers an innovative way of proving identity by requiring only a phone number, reveals that it has integrated TransUnion’s TruValidate identity verification solution into its product offering so that it can offer a new, instant, digital identity service in Hong Kong. The launch… Read More

June 22, 2021 @ 10:07 am By Omar Faridi  |  

TrueLayer, Europe’s Open Banking platform, reveals that it has launched a new approach to account ownership checks with its Verification API. As noted in the announcement from TrueLayer, the Verification API will be leveraging Open Banking along with with machine learning algorithms. This should help… Read More

June 5, 2021 @ 4:17 pm By Omar Faridi  |  

iDenfy recently revealed that their partnership with Kazakhstan’s Fintech firm ITCS Trade Ltd. will involve iDenfy offering ID verification services for new clients that sign up for the ITCS Trade trading platform. The ITCS team notes: “Our vision at ITCS Trade is to provide you… Read More

April 19, 2021 @ 4:10 pm By Samantha Hurst  |  

    Mastercard announced on Monday it has acquired digital identity platform Ekata for $850 million. According to Mastercard, Ekata works with global merchants, financial institutions, travel companies, marketplaces, and digital currency platforms. It notably uses insights to deliver unique scores, data attributes and risk… Read More

April 5, 2021 @ 2:11 pm By Samantha Hurst  |  

Jumio, a U.S.-based AI-powered end-to-end identity verification and eKYC solutions provider, announced on Monday it has joined forces with Microsoft for the rollout of its Azure Active Directory (Active AD) verifiable credentials to help provide self-service enrollment and fast onboarding of remote users. Jumio reported that… Read More

March 24, 2021 @ 2:22 pm By Samantha Hurst  |  

  Jumio, a U.S.-based AI-powered end-to-end identity verification and eKYC solutions provider, announced on Wednesday it received a $150 million investment from Great Hill Partners, a private equity firm. Founded in 2010, Jumio’s mission is to make the internet a safer place by protecting the ecosystems… Read More

March 7, 2021 @ 7:26 pm By Omar Faridi  |  

IDnow, a provider of identity verification-as-a-service solutions, will be acquiring identity Trust Management, a global provider of digital and offline ID verification software from Germany. IDnow confirmed that it would continue to maintain identity Trust Management’s Düsseldorf location and will retain its employees as well…. Read More

December 11, 2020 @ 9:25 pm By Samantha Hurst  |  

Vouched, a developer of proprietary artificial intelligence and computer vision for end-to-end identity verification and real-time fraud detection, announced on Thursday it has raised  $3 million through its latest funding round, which was led by Flying Fish Partners. Founded in 2018, Vouched describes itself as… Read More

September 29, 2020 @ 1:40 pm By Samantha Hurst  |  

  Jumio, a U.S.-based AI-powered end-to-end identity verification and eKYC solutions provider, announced on Tuesday it has acquired the AML platform from Beam Solutions, a San Francisco-based startup focused on transaction monitoring and KYC. Jumio reported it will integrate Beam’s suite of AML solutions into… Read More

September 26, 2020 @ 8:59 am By Omar Faridi  |  

Trulioo, an on-demand global identity verification company, has been recognized on The Globe and Mail’s second-annual ranking of Canada’s 2020 Top Growing Companies – which ranks companies based on their three-year revenue growth. As mentioned in a release shared with CI, Trulioo recorded three-year growth… Read More

July 8, 2020 @ 7:28 am By Omar Faridi  |  

Trulioo, a provider of global identity verification solutions, revealed on July 8, 2020 that it has developed  new document verification and facial recognition software. The new features will be added to EmbedID, a low-code developer tool that can work with the GlobalGateway API – which… Read More

June 27, 2020 @ 2:23 pm By Omar Faridi  |  

France-based AI company ubble has acquired more than €10 million (appr. $11.2 million) in capital through a round led Breega and Partech and Breega. The funds raised will reportedly be used to develop ubble’s remote onine ID verification product which will include biometric facial recognition…. Read More

June 19, 2020 @ 12:13 pm By Omar Faridi  |  

The deVere Group, a global financial consultancy providing advice to expatriate clients and investors, has introduced a customer onboarding verification app. The company’s Ident Me app aims to offer a secure identity verification system, which could serve as an alternative to traditional customer onboarding solutions…. Read More