Tagged: online identity

Digital Identity Verification Firm Trulioo Shares Common Use-Cases for ID Verification

Trulioo, the international identity verification firm, notes that ID verification has three primary use cases: “achieving compliance requirements, reducing fraud and building trust and safety.” Trulioo explains in a blog post that depending on your business and where you operate, you might “prioritize a particular… Read More

Avast, Provider of Digital Security and Privacy, Acquires Evernym

Avast (LSE:AVST), an international provider of digital security and privacy, has announced the acquisition of Evernym. The US firm was “instrumental to the invention of self-sovereign identity, with leading contributions from their Chief Trust Officer, Drummond Reed, and others in the company working within the… Read More

Fours Years Since Ontology Network’s Launch, the Platform’s Developers Share Key Milestones to Web 3.0 Infrastructure Status

Ontology Network, which claims to be a high-performance, open-source blockchain specializing in digital identity and data, has now been live for over fours years. The platform remains focused on its journey to Web 3.0 Infrastructure Status. Ontology confirms that it has a continued focus on… Read More

Worldline to Offer Core Components for Austria’s National Digital ID Solution “ich.app”

Worldline (Euronext: WLN) is supporting PSA Payment Services Austria GmbH on its journey towards becoming a smart transaction provider beyond just payments. Via its products WL ID Center and WL Trusted Authentication as well as experience in various infrastructure initiatives, Worldline is offering the tech… Read More

ID Verification Platform Trulioo Reports that 87% of Compliance Professionals Say Digital Identity More Important Now Following COVID Outbreak

Following a massive $394M Series D round earlier this year to establish the foundation for greater financial inclusion, international ID verification Fintech Trulioo is “strengthening pathways to create a more inclusive and trust-oriented digital economy,” according to an update shared with CI. With the ability… Read More

Digital ID Challenges: 49 Million US Consumers Fell Victim to Identity Fraud, Mastercard Reports

Mastercard (NYSE: MA) writes in a blog post that the last time you may have been asked to provide your birth certificate, you probably rolled your eyes and thought, “We’re still doing that?” Mastercard also notes that even as much of the world has moved… Read More

Open Identity Exchange (OIX) Appoints Mags Moore as Chair of OIX Board

The Open Identity Exchange (OIX) has confirmed the appointment of Mags Moore as Chairperson of the OIX Board. Within the role, Moore will be responsible for leading the OIX Executive Committee and Board, in order to set the OIX strategy, “driving forward the OIX position… Read More

Digital Identity Verification Can be Improved by Adopting Consumer-Centric, Layered Approach: Trulioo Report

A new industry report, published by Trulioo, the global identity verification firm, and One World Identity, looks at the “nuances” of digital identity verification. As noted in a release shared with Crowdfund Insider: “In particular, it explores how adopting a consumer-centric and layered approach to… Read More

Digital Identity: Payments Giant Mastercard Finalizes Acquisition of ID Verification Service Ekata

Mastercard (NYSE: MA) revealed on Friday (June 11, 2021) that it has finalized its acquisition of Ekata, a provider of identity verification services that assist companies or businesses with making informed decisions when opening online accounts, conducting payments and handling various other digital interactions. Ajay… Read More

Tel Aviv based Digital Identity Firm BioCatch Acquires Another US Patent for Method It Uses to Verify Users’ Credentials

BioCatch, a digital identity firm, has revealed that it has acquired a registered US patent for the method it uses to verify a user’s identity and for detecting fraud. According to BioCatch, the verification process is based on the manner in which the user holds… Read More

Mastercard, Lumedic Exchange, Providence, Cambia Health to Support Secure Digital Identity Principles for Healthcare

Ajay Bhalla, President, Cyber and Intelligence Solutions, Mastercard (NYSE:MC), has confirmed that the payments giant has joined the Lumedic Exchange in order to lay the foundation for a “trusted, more secure, and patient-centric way” for interacting with healthcare providers. Bhalia noted: “Mastercard has come together with… 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

Mobile Banking App Offered by South Korea’s Shinhan Bank Now Uses Blockchain based Decentralized ID Authentication

Blockchain-based decentralized identity authentication services (DID) could potentially replace public certificates that are used for financial services, which may include those for mobile banking. This particular use case was recently commercialized for the very first time by South Korea’s Shinhan Bank. As mentioned in a… Read More

Fintech Lanistar, an Alternative Financing Services Provider, to use Jumio’s Biometric ID Verfication for Digital Onboarding

Fintech firm Lanistar, an alternative financial services provider, has reportedly chosen Jumio’s biometric ID verification technology to complete its customer onboarding process. Lanistar is planning to use Jumio’s software when it launches a polymorphic debit card later this year. The digital ID verification solution will… 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

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