Search Results for “Finance”

XRP Ledger’s DID Amendment Brings Decentralized Identity to Blockchain Transactions

November 7, 2024 by Cass Kennedy

The XRP Ledger has implemented its Digital Identity (DID) Amendment through XLS-40, marking a significant development in blockchain-based identity management. The amendment, activated on October 30, 2024, received approval from 28 out of 35 … [Read more...] about XRP Ledger’s DID Amendment Brings Decentralized Identity to Blockchain Transactions

ID Tech Digest – November 5, 2024

November 5, 2024 by Tony Bitzionis

Welcome to ID Tech’s digest of identity industry news. Here’s what you need to know about the world of digital identity and biometrics today: IN Groupe Completes Acquisition of Nexi’s eID Business IN Groupe, the French state-owned identity … [Read more...] about ID Tech Digest – November 5, 2024

IN Groupe Completes Acquisition of Nexi’s eID Business

November 5, 2024 by Ali Nassar-Smith

IN Groupe, the French state-owned identity solutions provider, has completed its acquisition of Nexi's electronic ID (eID) business, marking a significant development in Europe's digital identity sector. The deal, which closed on November 4, 2024, … [Read more...] about IN Groupe Completes Acquisition of Nexi’s eID Business

Datasonic Acquires Majority Stake in Digital ID and Authentication Specialist

November 4, 2024 by Ali Nassar-Smith

Malaysia-based Datasonic Group Bhd has announced its plan to acquire a 51 percent stake in Innov8tif Holdings Sdn Bhd from Revenue Group Bhd for RM40 million. The deal, signed on November 4, 2024, includes performance guarantees requiring Innov8tif … [Read more...] about Datasonic Acquires Majority Stake in Digital ID and Authentication Specialist

ID Tech Digest – October 31, 2024

October 31, 2024 by Tony Bitzionis

Welcome to ID Tech’s digest of identity industry news. Here’s what you need to know about the world of digital identity and biometrics today: Employees and Subscribers Voice Concerns Over T-Mobile’s CLEAR Biometric Login Policy T-Mobile’s new … [Read more...] about ID Tech Digest – October 31, 2024

IDEX Biometrics Appoints New CFO

October 30, 2024 by ID Tech Editorial Team

IDEX Biometrics has announced the appointment of Kristian Flaten as its new Chief Financial Officer (CFO), effective November 1, 2024. The appointment comes as the company expands the reach of its biometric authentication solutions, recently … [Read more...] about IDEX Biometrics Appoints New CFO

LSEG Risk Intelligence Unveils AI-Driven Solutions for Global Payment and IDV

October 30, 2024 by ID Tech Editorial Team

LSEG Risk Intelligence, a division of the London Stock Exchange Group (LSEG), has launched two verification solutions incorporating biometric authentication and digital identity validation to address evolving fraud challenges in financial services. … [Read more...] about LSEG Risk Intelligence Unveils AI-Driven Solutions for Global Payment and IDV

IQE Abruptly Swaps CEO Amid Trade Tensions

October 30, 2024 by Cass Kennedy

British semiconductor company IQE, a key supplier for Apple's facial recognition components, announced the abrupt departure of its CEO Americo Lemos. The company's Chief Financial Officer, Jutta Meier, who brings extensive experience from Intel's … [Read more...] about IQE Abruptly Swaps CEO Amid Trade Tensions

ID Tech Digest – October 29, 2024

October 29, 2024 by Tony Bitzionis

Welcome to ID Tech’s digest of identity industry news. Here’s what you need to know about the world of digital identity and biometrics today: Ernst & Young Acquires Dignari Ernst & Young LLP (EY US) has acquired Dignari, LLC, a … [Read more...] about ID Tech Digest – October 29, 2024

Meta Brings Back Facial Recognition to Combat ‘Celeb-Bait’ Scams

October 22, 2024 by Tony Bitzionis

Meta is reintroducing facial recognition technology on Facebook and Instagram to tackle the growing issue of ‘celeb-bait’ scams, where scammers use AI-generated images of celebrities to promote fraudulent schemes. This marks a significant shift … [Read more...] about Meta Brings Back Facial Recognition to Combat ‘Celeb-Bait’ Scams

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Partners

FaceTec’s patented, industry-leading 3D Face Verification and Reverification software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ finally make trusted, remote identity verification possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for 3D Liveness and Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

AuthenticID provides 100% automated identity verification and fraud detection solutions that are leveraged by companies worldwide, including 2 of the top 3 U.S. Banks, 8 out the top 10 wireless providers in North America, and 2 of the 3 credit bureaus. Using proprietary computer vision and machine learning technology, these solutions help companies accurately verify the identity of their users across retail, digital and call center environments for onboarding and ongoing re-authentication events; KYC, IAM, and more. The solutions are easy to integrate and provide customers a large ROI by stopping fraud losses, increasing customer conversion at onboarding, reducing operational costs and allowing quick and cost-effective operational scalability, all while ensuring global privacy regulations are complied with. https://www.authenticid.com/

Anonybit is a privacy-focused technology platform that provides decentralized solutions for securing personal data, particularly biometric information. Rather than storing sensitive data in centralized repositories, which are vulnerable to breaches, Anonybit uses a distributed architecture that breaks data into smaller encrypted bits and stores them across a network of decentralized nodes. This approach ensures that no single entity has access to the full dataset, enhancing privacy and security, even preventing insider threats. Anonybit is used by leading banks, fintechs and other enterprises for critical biometric identity functions like deduplication and blocklist checks, step up authentication, passwordless login and account recovery https://anonybit.io/

Identity Week aims to be a significant identity industry catalyst. It’s our mission is to help accelerate the move towards a world where trusted identity solutions enable governments and commercial organisations to provide citizens, employees, customers and consumers with a multitude of opportunities to transact in a seamless, yet secure manner. All the while preventing the efforts of those intent on doing harm. https://identityweek.net/

The Biometric Digital Identity Prism is a market landscape framework designed to help influencers and decision makers understand, innovate, and implement digital identity technologies and solutions. This innovative framework for understanding and evaluating the rapidly evolving biometric digital identity marketplace is the only market model that is truly biometric-centric based on the foundational conviction that in the age of digital transformation the only true, reliable link between humans and their digital data is biometrics. https://www.the-prism-project.com

ID R&D is an innovator of biometric facial liveness, document liveness, and voice biometrics. Ranked #1 by NIST, our patented passive approach to liveness, and specialized detection of voice clones, injection attacks and deepfakes, empowers KYC and authentication systems with fast, accurate and secure biometric verification technologies. Over 140 partners in more than 70 countries are collectively processing hundreds of millions of identity checks per year. ID R&D solutions easily integrate with mobile, web, messaging, smart speakers, set-top boxes, and IoT devices. Learn more: www.idrnd.ai

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