“…the number of candidates nominated for this year’s REGTECH100 had nearly doubled over last year, reaching 824 – a sign of the vitality of this market area in the wake of major new regulations such as the European Union’s GDPR and PSD2 rules.” The industry accolades continue for Jumio, with the company making the REGTECH100…
“With this agreement, Garantizar has become the seventh Argentinian company to embrace FacePhi’s biometric authentication technology, with the broader Latin American region representing its core market.” FacePhi has further reinforced its position in Latin America, and particularly Argentina, with its latest partnership. The company has been contracted to provide biometric identification technology to Garantizar. The…
Nuance Communications has signed an agreement to sell its Document Imaging division to Kofax, an automation software provider based in California. The deal is valued at $400 million in total. In a statement announcing the agreement, Nuance explained that selling off the Document Imaging division “enables Nuance to focus the business entirely on its conversational…
San Diego-based Mitek Systems has a new CEO. The company has announced that Max Carnecchia has taken the helm, and also been appointed to the company’s Board of Directors. Carnecchia comes to the position after a 10-month stint as CEO of Illuminate Education, which he joined at the outset of an intensive growth period for…
“The situation is only the latest illustration of the haphazard character of Aadhaar’s rapid evolution over the last few years, with government agencies and businesses applying the ID program in something of a regulatory and legal fog.” The Indian Supreme Court’s decision to restrict the use of Aadhaar, India’s biometric national ID program, to government…
“Working with Mitek to integrate its best-of-breed identity verification technology into our platform, means that our customers can be assured that the critical onboarding step is simple and secure.” – Ted Oorbals, CEO, Biocryptology Madrid’s Biocryptology has teamed up with San Diego-based Mitek to improve onboarding for its biometric authentication platform. Biocryptology has adopted Mitek’s document…
“The plan is to adapt Jumio’s selfie-based authentication technology to Engage’s hiring process. “ While Jumio has seen tremendous excitement over its Netverify authentication platform from the financial services industry, and the company was naturally on hand to discuss it FinTech applications and its big FaceTec integration at this year’s Money20/20 event in Las Vegas,…
Just ahead of next week’s Money20/20 event, Jumio has delivered a corporate update detailing just how successful its Netverify authentication solution has been over the past nine months. The company says that over the first three quarters of 2018, it has seen growth of 130 percent in sales, year-over-year. Its annual recurring revenues, meanwhile, jumped…
Jumio has been named a winner in two categories of Cyber Defense Magazine’s Cyber Defense 2018 Global Awards, with judges recognizing the company in the area of “Best Product Biometrics” and as the “Next Gen InfoSec Startup of the Year”. The company was, of course, recognized for its Netverify solution, which revolves around the use…
Jumio has won two Golden Bridge Awards in recognition of its Netverify authentication solution. The company took a Bronze award in the category of “Security Solution for Enterprise (Large) Innovations”, and a Gold award in “Access Compliance and Risk Management Innovations”, with judges evidently appreciating the platform’s utility for easy customer authentication and onboarding. Netverify…
Ireland’s Shannon Airport has become the first in Europe to enable biometric pre-screening for travelers headed to the US. As with the US Customs and Border Protection agency’s escalating border screening program at American airports, Shannon Airport’s system is based on facial recognition. Participating travelers’ faces are scanned and matched against their travel documents, verifying…
“…DOT also features a liveness detection system that requires users to follow a moving dot on their device display while the system tracks their eye movements.” A Slovakian commercial bank is now taking advantage of biometric technology from Innovatrics for customer onboarding. Tatra Banka is using Innovatrics’ Digital Onboarding Toolkit, or DOT. The solution is…
Onfido‘s mobile biometrics technology has just seen a high-profile new integration, supporting identity security on the popular crowdfunding platform Indiegogo. The platform is now using Onfido’s to help keep fraudsters off of the platform by prompting new users to upload images of their official identity documents as well as selfies. Onfido’s system is designed to…
Yoti continues to feed its curiosity, announcing a new research project aimed at exploring the digital identity needs of charities in the United Kingdom. The research project carries forward the momentum of Yoti’s recent investigations in Africa and Southeast Asia, which found some compelling potential use cases for Yoti’s facial recognition-driven mobile ID technology, such…
“The process is entirely automated, and in a statement announcing the Hainan deployments, Shiji asserted that it ‘takes 30 seconds from arrival to room card issued including payment authorization.’” Biometric check-in technology for hotels appears to be gaining traction in China, thanks in large part to Alibaba, the country’s e-commerce giant. Together with Shiji, a…
Volopa has become the latest FinTech company to take advantage of Onfido‘s biometric and document reading technology for customer onboarding. Based in London, Volopa is the operator of multiple white label prepaid card programs in the European Economic Area, and also offers money transfer services through its platform. As such, it’s very much in line…
IDnow has launched an upgraded version of its identity platform. The system is designed to leverage facial recognition and document reading technologies for end user authentication, all through a standard mobile or desktop camera. It also offers a personal assistance feature in which an agent can help to verify an end user’s identity through video…
“Jumio was selected as winner based, of course, on its success in offering its flagship Netverify authentication solution, which is designed to leverage facial recognition and document reading technology to confirm end users’ identities on an entirely digital basis.” Jumio has won yet more industry acclaim: The company tied for the Silver award in the…
Yoti continues to share insights from its research concerning grassroots nonprofits in the developing world, with its findings from Asia pointing to the paramount importance of accurate identity solutions that protect privacy. Writing on the company’s blog, David Burton, a researcher with Glean, a consultancy that helped to carry out Yoti’s research, explains that the…