• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

Ping Identity Prioritizes Decentralized ID with ShoCard Acquisition

October 7, 2020

Ping Identity is moving into the decentralized identity space through the acquisition of ShoCard. The latter’s digital technology will be integrated into the broader Ping Intelligent Identity Platform to give users a more convenient and secure way to share their personal information.

Ping Identity Prioritizes Decentralized ID with ShoCard Acquisition

ShoCard itself is the developer of a digital vault that turns a mobile device into a secure identity wallet that can consolidate a wealth of personal information. In that regard, the wallet can be used to store everything from driver’s license and passport data to verified employment, education, and vaccination records. Once stored, users can leverage the biometric scanners in their phone to gain access to their information with face or fingerprint recognition.

From that point forward, the user can choose when, how, and with whom they share that personal information. The exchange can be carried out via email, text, QR code, or some other channel, and is limited to the information that is necessary for that specific interaction. The solution will give users more control over their data, and allow them to open bank accounts and access other goods and services without disclosing other details.

Decentralized identity tech is expected to make onboarding more convenient for consumers while simultaneously reducing the administrative burden for large organizations.

“Under this model, businesses can avoid storing sensitive data and the risks that come along with it, while customers can avoid sharing unnecessary personal information with service providers, ultimately creating a more trusted online experience,” said Ping Identity CEO Andre Durand.

“The success of any future-proof identity solution rests on its ability to remove friction, strengthen security, and offer ownership to the end user,” added ShoCard Founder and Ping Identity Distributed Identity Head Armin Ebrahimi. “As part of Ping Identity’s brand, we can make this vision a reality.”

The Ping Platform currently provides coverage for more than 2 billion individual accounts, and was updated at the tail end of 2019 to offer better support for FIDO’s passwordless authentication protocols. ShoCard, meanwhile, has also developed a digital document signing service built with blockchain technology.

–

October 7, 2020 – by Eric Weiss

Related News

  • Ping Identity Acquires ‘No Code’ IAM Specialist Singular KeyPing Identity Acquires ‘No Code’ IAM Specialist Singular Key
  • Ping Identity Acquires Behavioral Biometrics SpecialistPing Identity Acquires Behavioral Biometrics Specialist
  • Signicat Acquires API Solutions Provider IdfySignicat Acquires API Solutions Provider Idfy
  • Veridos Acquires Serbia-based Identity Management Specialist NetSeTVeridos Acquires Serbia-based Identity Management Specialist NetSeT
  • TECH5 Acquires Imageware, Extending Presence in North America MarketTECH5 Acquires Imageware, Extending Presence in North America Market
  • ASSA ABLOY Acquires Brazilian Time and Access SpecialistASSA ABLOY Acquires Brazilian Time and Access Specialist

Filed Under: News Tagged With: acquisitions, Biometric, biometrics, decentralized identity, digital identity, M&A, mergers and acquisitions, Ping Identity, Ping Intelligent Identity Platform, ShoCard

Primary Sidebar

Identity is Shaping Air Travel – Time to Invest

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • Another Big BIPA Ruling, Paris Olympics Legislation, NEOM Airlines, and More: Identity News Digest
  • FacePhi Co-founds Social Impact Project With Spanish University, Investment Group
  • The NSA and CISA Highlight On-device Privacy: Identity News Digest
  • On-demand Webinar: Building a Passwordless World
  • Webinar: Building a Passwordless World with Prove’s Bill Fish

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics