Tagged: identity

September 13, 2024 @ 8:23 am By Omar Faridi  |  

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

September 11, 2024 @ 10:34 am By JD Alois  |  

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

September 2, 2024 @ 9:23 pm By Omar Faridi  |  

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

August 31, 2024 @ 12:21 pm By Omar Faridi  |  

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

August 29, 2024 @ 11:03 am By JD Alois  |  

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

August 22, 2024 @ 9:11 pm By Omar Faridi  |  

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

August 15, 2024 @ 6:18 am By Omar Faridi  |  

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

July 18, 2024 @ 9:14 am By Omar Faridi  |  

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

July 16, 2024 @ 7:58 am By Omar Faridi  |  

Fourthline‘s Modular Identity Platform helps banks, fintechs, and non-financial businesses build secure, seamless, and tailored identity solutions. Whether you need to verify a client’s identity or conduct anti-money laundering (AML) screening, you can choose from standalone product modules or one of Fourthline’s pre-built solutions. As… Read More

June 27, 2024 @ 3:45 pm By Omar Faridi  |  

In today’s rapidly evolving financial landscape, community banks and credit unions face significant challenges in managing identity trust, verification and fraud prevention. This, according to an update from FiVerity. Traditional KYC (Know Your Customer) and CIP (Customer Identification Program) implementations are often fragmented, incomplete, and… Read More

June 3, 2024 @ 4:09 pm By Omar Faridi  |  

The EY Future Consumer Index (FCI), a global study surveying 23,000 consumers across 30 countries, including 1,500 in the US, indicated that US consumers are optimistic “about the future, with 77% of consumers noting that they think their lives are the same or better now… Read More

May 13, 2024 @ 8:05 am By Tony Zerucha  |  

Mesh, a provider of real-time professional license verification trusted by leading marketplaces, today announced the launch of its Multi-Factor Business Identity solution for marketplaces, e-commerce, and vendor and contractor compliance. Co-founded by ex-Amazon executives Diego Asenjo (CEO) and Tony Bryan (CTO), and following a $5.7 million seed… Read More

May 8, 2024 @ 5:06 pm By JD Alois  |  

Identity firm Token Security has raised $7 million while announcing it has emerged from stealth mode. The seed round was led by TLV Partners and SNR, along with multiple angel investors, including Shlomo Kramer, who is described as a founding father of cybersecurity in Israel…. Read More

May 6, 2024 @ 10:30 pm By Omar Faridi  |  

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, released its inaugural Document and Biometric Identity Fraud Report, detailing the rampant use of fake government-issued IDs and the techniques used to fool legacy document verification systems. According to the… Read More

April 29, 2024 @ 7:34 am By Tony Zerucha  |  

Entrust, a provider of payments, identities, and data security, this week announced a single-vendor enhanced authentication solution that integrates identity verification (IDV) and identity and access management (IAM) to fight deepfakes, phishing, account takeover (ATO) attacks and other threats. By enhancing Entrust Identity as a… Read More

March 28, 2024 @ 10:02 am By JD Alois  |  

Australian Payments Plus (AP+) has issued a statement on the passage of the Digital ID Bill in the Senate. The bill passed the Senate without debate. The legislation aims to establish an accreditation path for entities providing digital ID services while expanding the Australian Government… Read More

March 23, 2024 @ 3:42 pm By Tony Zerucha  |  

AU10TIX, a global technology provider of identity verification and management, recently released its Q4 Global Identity Fraud Report. Drawing insights from millions of transactions processed across 249 countries from October to December 2023, the report uncovers significant trends in large-scale organized identity fraud. This special… Read More

March 22, 2024 @ 7:42 am By Omar Faridi  |  

Trulioo, an identity platform with global coverage for person and business verification, announced its latest match rate performance supported by data science, market expertise and ongoing innovation. The Trulioo platform’s Person Match verification capability reportedly delivers flexible, intelligent data routing and sequencing with machine learning… Read More

February 26, 2024 @ 9:53 pm By Omar Faridi  |  

Prove Identity, Inc., the global enabler of digital identity, announced a strategic business partnership in Brazil with TargetData, one of Brazil’s big data analysis companies. The agreement will enable more large companies in Brazil to access Prove’s digital identity verification and authentication solutions. The alliance… Read More

December 26, 2023 @ 8:45 am By Tony Zerucha  |  

AU10TIX, a global technology provider of identity verification and management services, this week released its Q3 2023 Global Identity Fraud Report. Drawing insights from millions of transactions processed across 249 countries from July to September 2023, the report uncovers significant trends in the world of… Read More