French security and identity solutions company IDEMIA has announced the launch of it new ID.X Identity Platform.
ID.X Identity Platform by IDEMIA allows enterprises and service providers to verify, manage and authenticate the digital identities of their customers to help combat fraud, hacking and identity theft.
The digital identity industry is growing at a rapid pace, fueled in recent months by factors such as the increasing integration of biometrics in smartphones — which allow for more secure remote authentication — and the rise of identity and authentication fraud efforts.
“A trusted digital identity has the power to transform KYC/AML compliance and fraud challenges into opportunities by enabling business growth, reducing costs, improving efficiency, and supporting the creation of new services,” said Executive Vice President, Digital Business Unit at IDEMIA, Muzaffar Khokhar.
The ID.X Identity Platform consists of four modules. The first, ID.X Proof, is used to onboard customers and verify their identities. ID.X Manage is where digital identities are created, stored and managed, while ID.X Authenticate is how customers can adapt authentication standards to suit various risk levels and use cases. Finally, ID.X Access is used to unify physical and logical access control with biometrics.
April 1, 2020 – by Tony Bitzionis