• 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

BioRugged banner
  • 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
  • Directory
  • Podcasts

Yoti Provides FINTRAC-compliant Biometric Onboarding for Manulife

April 1, 2021

Yoti Provides FINTRAC-compliant Biometric Onboarding for Manulife

A global financial services firm is embracing selfie-based remote onboarding, and has turned to Yoti for the technology.

Based in Canada, Manulife offers insurance and financial services solutions across the country and in Asia; it also operates through its John Hancock Financial division in the United States. And it has become the latest such firm to recognize the advantages of biometric onboarding in the wake of a pandemic that has driven customers into digital channels.

Like a few other biometric onboarding solutions that have risen to prominence in these circumstances, Yoti’s revolves around the use of facial recognition technology. End users are prompted to take a selfie photo and pictures of their official ID, and Yoti’s solution matches the face images for identity verification.

In announcing the effort, Yoti noted that the solution it has designed is “Canada-hosted” and FINTRAC-compliant, referring to Canada’s financial intelligence agency guidelines.

The company also framed the development within the bigger picture of the Digital Identification and Authentication Council of Canada, or DIACC, a cross-industry alliance aimed at fostering the development of digital identification standards and frameworks, particularly through its Pan Canadian Trust Framework effort. Yoti noted that both itself and Manulife serve on DIACC expert committees.

“We’re proud to be driving digital identity adoption in Canada through DIACC and members like Manulife,” said Yoti Canada Commercial Director Leigh Day. “We bring a radically different approach to personal data and make it faster, simpler and safer for individuals to share their identity.”

On that latter note, Yoti has indeed distinguished itself in the biometrics industry through its commitment to core ethical and privacy guidelines. A certified B Corporation, Yoti has outlined its core ethical principles, and is overseen by an independent ethics board. The company has also demonstrated a particular concern for protecting the privacy of young people online, and it was a founding member of the Online Safety Tech Industry Association in the UK.

–

April 1, 2021 – by Alex Perala

Related News

  • Daon to Provide IdentityX Biometric Onboarding for Hundreds of CU*Answers Credit UnionsDaon to Provide IdentityX Biometric Onboarding for Hundreds of CU*Answers Credit Unions
  • FacePhi Uses Biometrics to Facilitate Cash Advances in PeruFacePhi Uses Biometrics to Facilitate Cash Advances in Peru
  • Guatemalan Digital Bank Turns to Mobbeel for Biometric OnboardingGuatemalan Digital Bank Turns to Mobbeel for Biometric Onboarding
  • FacePhi Provides Biometric Onboarding for Argentina’s Banco de CorrientesFacePhi Provides Biometric Onboarding for Argentina’s Banco de Corrientes
  • FacePhi Reinforces Argentina Presence With Inviu PartnershipFacePhi Reinforces Argentina Presence With Inviu Partnership
  • Ikano Bank Integrates TruNarrative’s Identity TechnologyIkano Bank Integrates TruNarrative’s Identity Technology

Filed Under: News Tagged With: Biometric, biometrics, face biometrics, facial recognition, financial services biometrics, Manulife, selfie authentication, selfie biometrics, selfie onboarding, Yoti

Primary Sidebar

NEC IDelight

Register For Our Upcoming Event:

Aware Visitor Management

Sponsored Links

AU10TIX, an identity management company headquartered in Israel, provides critical, modular solutions to link physical and digital identities so that companies and their customers can confidently connect.

CMITech is a leading provider of high performance, cost effective iris recognition systems. The company is setting the industry standard for advanced user interfaces that are fast, intuitive and effortless. Serving enrollment and authentication solutions of all sizes, CMITech systems include binoculars-type, wall mount, desktop, and kiosk-type product configurations.

Onfido is building the new identity standard for the internet.Our AI-based technology assesses whether a user’s government-issued ID is genuine or fraudulent, and then compares it against their facial biometrics. That’s how we give companies like Revolut, Zipcar and Bitstamp the assurance they need to onboard customers remotely and securely. Our mission is to create a more open world, where identity is the key to access.. For more information, please visit
www.onfido.com
TECH5 is an international technology company headquartered in Geneva, Switzerland, with branches in the US, Europe and Asia, dedicated to the design, development, and distribution of biometrics-driven Identity Management solutions. Target markets include Government and Private sectors with products powering Civil ID, Digital ID, eKYC, Digital Onboarding, Visitor Management and others. Learn more:
www.tech5.ai
ThreatMark brings trust to the digital world by providing cutting-edge fraud prevention solutions. Major banks use ThreatMark's AI-powered technology and behavioral biometrics to build secured banking experience to precisely verify their legitimate users, seamlessly across all digital channels. All while securing the users' most precious assets and keeping the fraudsters away. Learn more:
www.threatmark.com/
Thales digital ID
MobileIDWorld

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.

Iris ID

Recent Posts

  • EFF Objects to Un-Warranted Police DNA Searches
  • NYPD Gets Caught Lying About Rampant Use of Clearview AI
  • Secure Identity Alliance Encourages Use of Biometric Screening Tech at International Borders
  • BIO-key Unveils Trio of New Fingerprint Scanners
  • CBP Brings Biometric Screening to Eagle Pass, Del Rio Border Crossings

Biometric Associations

IBIA and fido
NEC IDelight

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives

Follow Us

Copyright © 2021 FindBiometrics