Tagged: identity verification

Identity Proofing Firm AuthenticID Announces $100M Minority Growth Investment from Long Ridge Investment

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

AI enhanced ID Verification, eKYC Service Provider Jumio Reports 150% Revenue Growth in Q2 2021

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

Banks Struggle With Automated Identity Verification

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

Binance.US Adds Mobile Phone Tech to Verification Process

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

Blockchain based Digital Identity Solution, Connect ID, from Australia’s eftpos Group to Serve as New Fintech Unit

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

TruNarrative Chooses Rational Group to Enhance its Customer Onboarding and ID Verification Processes

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

Identity Verification Service iDenfy Partners Fintech ClearShift, which Offers Currency Exchange, Global Transfer Services

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

Digital Identity: Prove Integrates TransUnion TruValidate ID Verification so it Can Serve Hong Kong Residents

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

UK’s Open Banking Fintech TrueLayer Introduces New Approach to Account Ownership Checks with Verification API

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

Digital Identity: iDenfy to Offer ID Verification Services to Kazakhstan Fintech ITCS Trade Ltd

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

Mastercard Set to Acquire Identity Verification Platform Ekata For $850 Million

    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

Identity Verification Provider Jumio Announces New Partnership With Microsoft

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

Identity Verification Provider Jumio Scores $150 Million Investment From Private Equity Firm Great Hill Partners

  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

Digital ID Verification Service IDnow Acquires identity Trust Management AG, a Global Provider of ID Software from Germany

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

Vouched Announces $3M Funding Round to Accelerate AI-Based Identity Verification Platform

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

AI End-to-End Identity Verification & eKYC Solutions Jumio Announces Acquisition of Beam Solutions’ AML Platform

  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

Global ID Verification Firm Trulioo Recognized as One of Canada’s Top Growing Companies, after Recording 503% Growth in 3 Years

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

ID Verification Solutions Provider Trulioo has Developed New Facial Recognition and Document Authentication Software

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

AI Fintech ubble Secures Over $11 Million in Capital to Develop Digital ID Verification Product using Biometric Facial Recognition

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

Consulting Firm deVere Group Launches Digital ID Verification System, CEO Nigel Green Says there’s “Soaring Global Demand” for Fintech

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

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