Experian announced its 2024 Global Identity & Fraud Report that provides a view of the consumer and business response to the fraud patterns and fraud‑mitigation strategies in the financial services sector. The research study offers meaningful insights from more businesses and fraud prevention professionals, as… Read More
World ID Credentials are now reportedly being piloted in select countries including Chile, Colombia, Malaysia and South Korea. This secure and “anonymous” World ID feature increases global access to World Network and paves the way for “increased World ID utility.” It also enables consumers to… Read More
Entrust and Onfido’s 2025 Identity Fraud Report chronicles how 2024 will be remembered as the year digital manipulation overtook the physical before showing us the trends that will dominate in 2025. The increased availability and ease of use of advanced technologies like AI lower barriers… Read More
The European Commission (EC) adopted rules for the core functionalities and certification of the European Digital Identity (eID) Wallets under the European Digital Identity Framework. As noted in the update shared by the EC, this is considered to be a major step towards Member States… Read More
Rarimo, a zero-knowledge (ZK) identity protocol, has announced the closing of a $2.5 million strategic funding round, with investors including Ethereum co-founder Vitalik Buterin and other key web3 founders. Referred to as the Vision Round, this founder-only raise was designed to course-correct the current direction… Read More
With the holiday season approaching, HYPR, the Identity Assurance company, is cautioning retailers about the impact of identity-related breaches on holiday-sales, customer loyalty and financial stability. Based on a survey of nearly 400 IT security decision-makers and retail customers, HYPR’s latest spotlight report, ‘The Unexpected… Read More
Jumio, a provider of identity verification, risk signals, and compliance solutions, announced its partnership with LatticeFlow AI, a Swiss-based company that enables AI systems. As part of this collab, Jumio will leverage LatticeFlow’s AI platform to “proactively” identify model failure modes, enhance performance and strengthen fraud protection across… Read More
Regulated businesses across Spain that need a Sepblac-compliant identity verification procedure for KYC can achieve this with an “easy” to integrate solution offering a streamlined user experience. Entrust, a firm focused on “trusted” payments, identities, and data security, today announced its Onfido Real Identity Platform… Read More
Jumio, the provider of automated, AI-driven identity verification, risk signals and compliance solutions, unveiled Jumio Liveness, an in-house technology designed to address increasingly sophisticated fraud tactics. This solution expands beyond presentation attacks, such as paper or screen copies, and employs AI models to block threats… Read More
Proof, a provider of identity-secured transactions, has launched Verify, a live face-to-face experience that delivers high-level assurance with identity verification performed in the presence of an agent. It claims to reduce the risk of fraudulent activities such as deepfakes by ensuring that users are legitimate…. Read More
Regtech Jumio explained that its portfolio now covers advanced innovations in biometrics, liveness detection, and anti-spoofing technologies Jumio, the provider of automated, AI-driven identity verification, risk signals and compliance solutions, announced that it reportedly has more than 300 issued patents and patent applications. The strength… Read More
Prove is launching the Prove Verified Users solution, a global identity verification solution that gives users peace of mind when interacting on digital marketplaces. Digital platforms can reassure users that they “are interacting with a verified individual, delivered by a trustworthiness indicator such as a… Read More
Digital identity passports refer to a technology that allows users to aggregate their identification credentials—such as government-issued IDs, banking information, and health data—into a single digital format. This, according to an update from PitchBook. PitchBook explained that this digital passport “ensures frictionless, secure access to… Read More
Deverium has received €2 million in funding from the EU to pursue a digital identity service. Deverium is partnering with Corner Case Technologies on the project to create a reusable digital identity platform that targets international identity verification challenges. According to the company, the product… Read More
SumSub has become the first identity verification provider to complete the new Global Digital Identity Certification (GDIC), according to the company. This initiative was created by AVID Certification Services Ltd, the UK’s provider of Digital Identity Certification. The certification is based on the Financial Action… Read More
Cashfree Payments, India’s payments and API banking solutions company, announced the launch of Secure ID. Secure ID is an end-to-end solution “for identity verification, risk assessment, and fraud prevention.” Cashfree Payments claims to have “crossed 100Cr+ verifications and has prevented fraud worth INR 50Cr+ for… Read More
Identity platform Trulioo is reporting a “surge” in remittance-related transaction volume via its platform. The company says that it has experienced a 142% year over year increase in cross border payments that utilized its verification services. Digital payments and transfers are pretty much the norm… Read More
Experian released its 2024 U.S. Identity and Fraud Report revealing that generative AI (Gen AI), deepfakes and cybercrime are critical threats putting intensifying pressures on businesses. The 9th annual Experian Identity and Fraud Report provides valuable insights “into emerging fraud trends such as these, as… Read More
Sumsub is partnering with iGaming platform provider 4Play Gaming. The partnership will enable global iGaming operators using the 4Play Gaming platform to onboard end-users “through Sumsub’s seamless user verification capabilities.” 4Play Gaming’s platform will “integrate Sumsub’s comprehensive KYC (Know-Your-Customer) solution, part of its user verification… Read More
Digital identity is not the easiest concept to define, according to an update from Juniper Research. That’s because it overlaps with other, similar, areas. Juniper Research noted that the crossover “with areas such as security, privacy and data management can be significant, and in some… Read More
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