Another digital service is making use of Yoti’s secure identity verification technology. Student Nannies is a site that connects students looking for extra work to working parents looking for affordable childcare. The site allows the students to sign up for free and set their rates and availability, and allows busy parents to select a babysitter…
A new LexisNexis Risk Solutions report on the retail market has concluded that fraud is getting worse, with fraud attempts tripling since 2017. The True Cost of Fraud report examined online and brick-and-mortar sellers, and concluded that merchants paid $3.13 for every dollar lost to fraud, a number that is up 6.5 percent from last…
Yoti is teaming up with RefNow in an effort to make the hiring process less of a hassle for employers and candidates alike. RefNow is a London-based human resources company that tracks down and contacts people’s employment references, which saves companies the trouble of doing it themselves. To use the platform, employers submit the name…
Ipsidy is trying to simplify identity verification and authentication with a new web browser interface that does not require any back-end coding or software integration. Dubbed the Identity Portal, the new platform combines Ipsidy’s flagship Proof and Verified services to enable mobile identity verification and authentication with minimal technical expertise. Proof is a mobile document…
Socure is increasing its presence in Chennai, India. The New York-based identity verification startup first opened its Chennai office in 2017, and is looking to double its headcount from 15 to 30 by the end of 2019, before doubling again to 60 by 2021. According to Socure CEO Tom Thimot, the Chennai branch will be…
Acuant will be taking center stage at the Identity Week 2019 event in London. The identity verification specialist will be sending three executives – including President and CEO Yossi Zekri – to lead panels that explore challenges associated with digital identity. Identity Week is an amalgamation of three separate shows, all of which address identity…
OneSpan has launched a comprehensive onboarding platform designed for financial institutions. The cloud-based solution is called Secure Agreement Automation, and it automates the entire account opening process to reduce costs and improve the end-user experience. Secure Agreement Automation runs on open APIs, and unites multiple services under one software umbrella, including eSignature, workflow and end-to-end…
The demand for digital identity and document verification services is expected to skyrocket as the technology continues to improve. At least, that’s the takeaway from a new report from Goode Intelligence, which predicts that the market for such tech will hit $15 billion by 2024. According to the report, identity and document verification is so…
Another digital-focused platform is taking advantage of Jumio‘s identity verification technology: The company has announced a partnership with TruNarrative, an anti-fraud, eKYC and AML compliance platform. The partnership will extend Jumio’s identity verification solutions to TruNarrative’s client base through the latter’s ‘Appstore’ solutions portfolio, allowing them to take advantage of its extensive ID document verification…
MarketsandMarkets has released a new report that predicts that the market for identity verification tech will more than double from $6 billion in 2019 to $12.8 billion by 2024, with a CAGR of 16 percent. The rising demand for reliable identity verification solutions and services is expected to drive much of that growth as companies…
Atlanta-based IT firm Noftek has joined the Ipsidy Partner Network, expanding their product and services offering to include Ipsidy’s Identity-as-a-Service platform. Noftek will initially focus its sales efforts on the British Virgin Islands, a key focus area for the firm. At the partnership’s outset, Noftek will sell Verified, a biometric authentication solution for mobile devices…
The identity revolution that transformed consumer mobile and financial services technology is finally coming to healthcare and that’s why FindBiometrics is reporting live from the 2019 HIMSS conference and Exhibition in Orlando Florida, bringing you audio interviews with industry thought leaders. John E. Ahrens, CEO of Veratad, is one of those thought leaders, and FindBiometrics…
Texas-based BioMetric Signature ID (BSI) is enhancing its gesture-based identity platform’s onboarding system with selfie-based authentication technology from San Diego-based Mitek. BSI’s BioProof-ID platform is designed to authenticate individuals using biometric gesture recognition technology, with the company aiming its solution primarily at ID verification and access control applications. But thus far the company has struggled to…
After a big corporate shakeup, SureID is looking to get back on track under new management. The Oregon-based company, which offers identity authentication solutions to the enterprise and government markets, has seen a tumultuous few years after losing a US Navy contract that had been a key base of revenue. Hundreds of jobs were cut…
Experian is bringing yet more biometric capabilities to its CrossCore anti-fraud platform, thanks to a new partnership with Acuant. The latter is bringing to the table its AssureID solution, which combines document reading with facial recognition in order to match end users against their government-issued IDs. In a statement announcing the partnership, the companies suggested…
“…the support for Experian identity solutions is suggestive of the growing enthusiasm for biometric security in the enterprise market, with Experian being a proponent of solutions such as fingerprint, facial, and voice recognition for user authentication.” Experian is one of the top vendors for identity verification solutions, suggests the recent Forrester report, “Top Trends Shaping…