The University of Memphis Research Foundation (UMRF) has announced they have licensed their patented multi-factor authentication (MFA) system to i2Chain, a Silicon Valley cybersecurity startup. While most MFA methods require the user to provide at least two differing elements to verify their identity — often a combination of a PIN, password, smart card, or biometrics…
The Swiss company b-sharpe has turned to Onfido for secure onboarding and identity verification. b-sharpe is an online currency exchange platform that provides individuals and businesses with transparent pricing for currency exchanges. The company has cleared 1 billion Swiss Francs in transactions for 14,000 customers, and claims to save those customers around 70 percent when…
Yoti is trying to make the biometric authentication process a little more comprehensible for its users. Data Protection Officer Emma Butler has detailed the theory and the intent behind the company’s selfie authentication technology in a new post on the Yoti blog, explaining how it uses a facial recognition scan to create a biometric template…
Identity verification specialist Onfido is preparing to share some expert insights with an upcoming webinar event. Entitled “5 identity fraud predictions for 2020”, the hour-long webinar is slated for Thursday, November 14th starting at 2:30pm GMT. The webinar follows the publication of Onfido’s 2019 Global Fraud Index, in which the company’s analysis concluded that an…
Acuant, a global provider of identity verification solutions, announced Friday it has enhanced its image capture and liveness detection technologies, that form the core of their key services Acuant AssureID and Acuant Face. Their image capture services allow for the automatic recognition of the document type being presented, being able to distinguish between a driver’s…
Biometrics News – Facial Recognition Australia’s Department of Home Affairs has made a proposal to parliament to use facial recognition scans to verify a user’s age when attempting to view pornography online. The service as proposed would scan the user’s face and match it against images of their official government ID. According to officials, the…
Yoti is looking to cut down on phishing fraud through a new partnership with Galaxkey. Galaxkey is a data protection platform that allows users to send encrypted emails that meet the highest government and banking standards. Partnering with Yoti will allow Galaxkey to provide an even greater level of trust. When sending an email, Galaxkey…
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…