Tagged: digital identity

Alloy for Embedded Finance Launches for Fintechs to Address Identity and Compliance Risks

Alloy, the identity risk management company behind nearly 600 banks and fintech companies, today announced Alloy for Embedded Finance, a new product custom-designed for sponsor banks, BaaS providers, and their fintech partners to collaboratively manage identity risk and stay ahead of regulatory requirements. Oftentimes, sponsor… Read More

Socure Teams Up with Open Banking Fintech Trustly

Socure, a provider of artificial intelligence [AI] for digital identity verification,  and Trustly, an Open Banking payments provider, today announced a partnership to offer merchants and Fintechs a streamlined onboarding and guaranteed Pay by Bank solution. This integration allows merchants, especially in industries “that require… Read More

NAB Welcomes Consultation on Government’s Digital ID Bill, Bringing Privacy, Improved Access to Australians

NAB welcomed the announcement by the Government to begin consultation on a draft Digital ID bill, an important milestone in advancing the Australian Digital Identity ecosystem. NAB Executive Digital Governance Brad Carr said “the move will help to protect customers and provide greater convenience.” Mr… Read More

Regtech: Digital ID Firm Prove Identity Joins FIDO Alliance Board

Prove Identity, Inc., the global enabler of digital identity, announced it has been appointed to the FIDO Alliance Board of Directors. Tim Brown, global identity officer at Prove, will serve “as the company’s Primary Board Delegate.” Today, over 80% of data breaches are “caused by… Read More

Regtech IDnow Joins Consortium Aimed at Making Digital Assets Compliant with EU Regulations

IDnow, an identity verification platform provider in Europe, joins a consortium of five partners, including the IOTA Foundation and Walt.id, SPYCE.5, and Bloom Labs with the goal of making Crypto Asset Service Providers (CASPs) and self-hosted wallets compliant with the European Anti-Money-Laundering Regulation and the… Read More

Regtech Jumio, the Provider of Identity Verification Solutions, Teams Up with Kaizen Gaming

Jumio, the provider of automated, end-to-end identity verification, risk assessment and compliance solutions, has partnered with Kaizen Gaming, the global GameTech firm, to streamline its verification processes. Kaizen Gaming is committed to “providing a great user experience based on all regulatory requirements across markets, and… Read More

Socure, the Provider of AI for Digital ID Verification, Introduces Identity Fraud Solution Suite

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, launched a fully integrated, internally developed, identity fraud solution suite that fuses personal identifiable information (PII) validated by thousands of data sources, real-time network and anomaly detection, “with digital and… Read More

Credas Technologies, the ID Verification Regtech, Announces Update to Help with Adjusting to Rule Changes Announced by Trading Standards

Credas Technologies, the identity verification checks provider, has announced the launch of its material information function, helping estate agents “to get ahead of the latest rule changes announced by Trading Standards at the end of last year.” The Parts B and C of The National… Read More

Digital Assets: WISe.ART, a Part of WISeKey International Holding, Announces Investment to Support Hedera Network Adoption

WISeKey International Holding Ltd. (NASDAQ: WKEY), a global firm focused on cybersecurity, digital identity, and Internet of Things (IoT) solutions operating as a holding company, through its subsidiary WISe.ART, a key player in the field of digital art and luxury collectibles, is pleased to announce… Read More

Socure, the Provider Digital Identity Verification, Reportedly Eliminated 204K+ Synthetic Identities from US Economy in 2023

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, announced that it has eliminated 204,536 synthetic identities from the U.S. economy in 2023 to date. The company’s Sigma Synthetic Fraud solution has reportedly “prevented more than $3 billion in… Read More

Regtech Trulioo, an Identity Platform with Coverage for Business Verification, Reports Steady Growth of Operations

Trulioo, an identity platform with proven global coverage for person and business verification, announced a “significant” increase in the adoption of its platform in the past year. The company, which opened a new international headquarters in Vancouver this year, also earned industry recognition “following the… Read More

Barcelona’s Investment Platform InbestMe Partners with Regtech Onfido

Onfido’s technology automates identity verification, “reducing onboarding time from days to minutes.” Onfido, the global enabler of automated identity verification, announced a partnership with InbestMe, a digital investment platform offering personalised investment strategies, to automate their onboarding process. With Onfido’s AI technology, InbestMe can now… Read More

Regtech Socure, the Provider of AI for Digital Identity Verification, Announces Key Update

Socure, the provider of Artificial Intelligence for digital identity verification, sanction screening and fraud prevention, announced its Socure ID+ platform has achieved the “In Process” designation from the Federal Risk and Authorization Management Program (FedRAMP) and is now “listed on the FedRAMP Marketplace.” Socure’s ID+… Read More

Regtech Socure Introduces Synthetic Fraud Solution

Socure, the provider of Artificial Intelligence for digital identity verification, fraud prevention, and sanctions screening has launched Sigma Synthetic Fraud v4. The product uses advanced machine learning and diverse, third-party and network feedback data “to uncover patterns linked to insidious synthetic identity fraud.” The Deloitte… Read More

Businesses that Eliminate Passwords Report Improved Operations and Security Outcomes: HYPR Study

HYPR, The Identity Assurance Company, and Yubico (NASDAQ: YUBICO), the provider of hardware authentication security keys, have published a new study on challenges, perceptions and outcomes in “the usage of password and passwordless authentication technologies.” The report, titled “Transcending Passwords: The Next Generation of Authentication”… Read More

Regtech Onfido Introduces Fraud Lab Capable of Creating Synthetic Attacks at Scale as Deepfakes Increase 31X

Onfido, the global automated identity verification provider, today announced the findings of its 2024 Identity Fraud Report and unveiled its Fraud Lab. The report points to the increasing availability of simple-to-use AI tools “as the reason for a 31X increase in deepfakes1 and 5X increase… Read More

Identity Verification Firm IDVerse Offers Mastercard Engage Partner Program, An Inclusive “Digital First” Experience

Digital ID verification company IDVerse (previously known as OCR Labs Global) today announces joining the Mastercard Engage partner program in order “to offer a fully automated identity verification solution to Mastercard customers.” IDVerse’s technology enables Mastercard “to reach a wider range of connected devices by… Read More

Regtech Veriff Enhances Automated Identity Verification Offering

Veriff, a global identity verification (IDV) provider, announced significant updates to its fully automated IDV product. The solution uses advanced machine learning “to enable a 100% automated identity verification process with zero human involvement.” With the enhanced IDV solution, customers “have access to a fast… Read More

Businesses Reportedly Risk Losing Trillions by Ignoring AI Usage for Fraud Prevention

Onfido, the global automated identity verification, released the results of a study surveying over 1,500 business leaders, examining perceptions, challenges and usages of artificial intelligence (AI). Respondents were from financial services, gaming, retail, healthcare, transportation, legal and telecom industries, “across the US, UK, and Italy.”… Read More

Regtech: AU10TIX ID Document and Biometric Verification Platform Available via Microsoft Azure Marketplace

AU10TIX, a global technology leader in identity verification and management, announced the availability of its ID Document & Biometric Verification platform and Reusable Digital ID solution in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure. AU10TIX’s fully automated… Read More

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