Tagged: yoti

UK’s Digital Identity Firm Yoti Receives £12.5M in Debt Funding from HSBC and £7.5M in Convertible Debt Funding

Digital identity company Yoti has received £12.5 million debt funding from HSBC, and a further £7.5 million convertible debt funding from existing shareholders. The £20 million funding will “support the continued growth of the company through to achieving profitability and beyond.” This funding round follows… Read More

Lloyds Bank Introduces Digital ID App with Yoti

Lloyds Bank has released a new Digital ID app with Yoti – Lloyds Bank Smart ID. The app reportedly gives people “a more private, secure and convenient way to prove their age or identity through their mobile phone.” This follows the £10 million investment Lloyds… Read More

Financial Tech Platform Modak, Digital Identity Firm Yoti to Create Safe Fintech Platform for Teens

Modak, a fintech company for teens and families in the US, has partnered with digital identity company Yoti to “enhance safety features for teens on its platform.” Since launching in December 2022, 25,000 teens “have signed up for Modak using Yoti’s facial age estimation technology.”… Read More

Lloyds Banking Group Invests £10M in Digital Identity Firm Yoti

Lloyds Banking Group has invested £10 million in digital identity company Yoti, an investment which supports the development of innovative technology “to keep people safe online, tackle the ever-growing risks of identity fraud, and give people more control over their personal data.” Yoti offer “a… Read More

Digital Identity Firm Yoti Teams Up with London’s Investment Platform Further

Investment platform Further recently announced a partnership with digital identity service provider Yoti, which should improve the customer onboarding experience, making it quicker and more seamless for clients to invest in their preferred funds. Under the Financial Conduct Authority (FCA) rules, Further must offer appropriate… Read More

Leading UK Fintech Firms Now Working with PwC to Streamline Digital Financial Services with AI, Data Analytics

Ten of the United Kingdom’s leading Fintech companies are now working with Big Four auditing firm PwC in order to showcase how the future of banking will focus on both collaboration and innovation, along with greater personalization. After 3 years of ongoing development, the 10… Read More

Fintech Sandbox: Financial Conduct Authority Provides Update on Participants

The UK Financial Conduct Authority (FCA) has just released an update on their regulatory Sandbox created to help aspiring Fintech firms to navigate the labyrinth of financial services rules. The trailblazing project, which has been replicated around the world, kicked off in 2014 and the… Read More

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