Onfido is boasting about a stellar year after posting a 171 percent year-over-year growth in sales for the second quarter. The company credited the strong growth to a number of different factors, including a series of new customers and strategic partners. “Our core identity verification business is continuing to meet and exceed the market need…
“The partnership will see Neoris use FacePhi’s biometric technologies used in digitization projects with its clients.” A new strategic partnership could help FacePhi to further expand its reach in the financial services sector. The company has teamed up with Neoris, a Miami-based digitization consultancy with a strong focus on FinTech. The partnership will see Neoris…
Onfido has been given Frost & Sullivan’s 2019 European Technology Innovation Award. The award is one of several Frost & Sullivan Best Practices awards handed out to regional and global companies in a number of different fields, including customer service and strategic product development. The European Technology award specifically recognizes products with innovative features that…
Onfido is testing a portable identity solution in conjunction with a group of FinTech partners that includes Monese, Seedrs, Curve, and B-Social. The regulatory sandbox test is being carried out in Britain as part of an FCA program that gives businesses the opportunity to pilot new ideas with real consumers. The FCA is the UK’s…
“Veridas is a joint venture between BBVA and Das-Nano that was launched in 2017, and has developed an algorithm that achieved a top-three score in NIST testing.” BBVA is looking to expand the scope of its biometric onboarding program. BBVA was the first Spanish bank to enable digital enrollment, which is currently available in Mexico,…
NICE Actimize has added another high-profile partner to its rapidly expanding X-Sight Marketplace, announcing that Jumio’s identity verification technology will now be listed on the platform. The X-Sight Marketplace collects a range of financial crime and risk management solutions, making it easy for financial institutions to keep up to date with the latest security innovations…
The identity verification specialist Melissa is hoping to simplify the onboarding process with a new selfie-based Know Your Customer solution. Appropriately dubbed Melissa KYC, the mobile app combines document reading with liveness detection and facial biometrics to confirm the identities of new customers during registration. “Whether verifying an address or working to prevent online fraud, the business process…
ImageWare has issued its Q2 results for 2019, with the company’s senior executive remaining upbeat in the face of lower-than-expected numbers. Revenues for the quarter ended June 30th came in at $812,000, compared to revenues of $1,885,000 in Q2 of 2018. In reporting the change, ImageWare noted that last year’s Q2 earnings reflected one-time, non-recurring…
Ipsidy is looking to solidify its foothold in Latin America through a new partnership with AS•NET, a Colombian company that provides transaction solutions for retail outlets, financial institutions, and other organizations in the region. AS•NET will be integrating Ipsidy’s Proof and Verified identity verification services into its own platform, and will also be offering both…
Onfido is teaming up with Civic to provide secure customer onboarding for the latter’s upcoming cryptocurrency wallet. The blockchain-based Civic Wallet will allow users to store and trade cryptocurrencies without sharing any superfluous personal information, providing account access through a private key that will be stored on the user’s mobile device. Onfido will make it…
Yoti has secured £8 million in new equity investment in the company’s third successful funding round since its debut in 2017. The new funds will be invested in product development and expansion as the company searches for new partners. “Over the past few years we have invested about £65 million to develop our privacy-preserving identity…
“Our focus on verification accuracy, speed and innovation is helping us meet the needs of modern enterprises who need a reliable means of proving that someone is who they claim to be online.” Jumio is celebrating the largest sales quarter in the company’s history after sales jumped 45 percent over the same quarter one year…
FacePhi has found yet another partner for its onboarding services in Argentina. The facial recognition specialist has formed a partnership with Banco del Sol, the online banking arm of the country’s Sancor Seguros group, which will be deploying FacePhi’s SelphID solution for customer onboarding and authentication. Argentina has proved to be a lucrative market for…
“It’s a frictionless selfie authentication solution, with no requirement of special actions from the user like blinking or smiling; and it’s designed to perform its anti-spoofing analysis entirely on a remote server, eliminating the need to install bulky AI software on the user’s smartphone.” ImageWare has announced a new liveness detection solution for its portfolio…
Bahrain’s Bank ABC has partnered with Jumio, deploying the latter’s Identity Verification platform to facilitate customer onboarding on its digital banking channels. Jumio’s facial recognition technology will allow new customers to open a Bank ABC account without needing to visit a physical branch location. To use Jumio Identity Verification, prospective Bank ABC clients will need…
FacePhi continues to solidify its position in the Latin American market. The facial recognition specialist has announced that it has formed a new partnership with Banco de Crédito del Perú (BCP), which will be deploying FacePhi’s SelphID platform for customer onboarding and authentication. BCP marks FacePhi’s first foray into Peru, although the company’s client portfolio…
IDEMIA has set a date for the publication of its financial results for the first half of 2019: The update will arrive on Tuesday, July 30th. The publication will arrive that day alongside a presentation on the results hosted by IDEMIA CEO Yann Delabrière and CFO Laurent Lemaire, slated to start at 9:30am ET. The…
“Using a smartphone, an end user simply takes a selfie as well as images of their official identity document, and then RightID will confirm that the face in the selfie matches the pictured ID.” Another selfie-driven authentication solution has hit the market, this time aimed at property managers and employers. Dubbed “RightID”, the new app…
The growing trend toward digital onboarding is fueling considerable growth in a burgeoning digital identity and document verification market, according to a new report from Goode Intelligence. Looking at a forecast period between 2019 and 2024, the report predicts that this market will grow from about 518 million identity checks in 2019 to more than…