Search Results for “Finance”

New Partnerships Signal Flourishing Digital ID Ecosystem

October 18, 2024 by Tony Bitzionis

In recent months, digital identity partnerships have seen a surge as companies focus on strengthening identity security, improving user experiences, and reducing fraud risks across various industries. A number of recent collaborations in this space … [Read more...] about New Partnerships Signal Flourishing Digital ID Ecosystem

ID Tech Digest – October 17, 2024

October 17, 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: Researchers Launch Compliance Evaluation Framework for EU AI Act ETH Zurich, INSAIT, and LatticeFlow … [Read more...] about ID Tech Digest – October 17, 2024

NIS2 Directive Takes Effect, Pushing EU to Stronger Cybersecurity Posture

October 17, 2024 by ID Tech Editorial Team

Today marks a significant deadline for cybersecurity across the European Union, as Member States are required to have transposed the NIS2 Directive into their national legislation. The directive, formally known as the Directive on Security of Network … [Read more...] about NIS2 Directive Takes Effect, Pushing EU to Stronger Cybersecurity Posture

DHS Teams with SpruceID on Digital Credentials

October 16, 2024 by Alex Perala

The U.S. Department of Homeland Security (DHS) is collaborating with SpruceID to enhance the privacy and security of digital credentials for cross-border interactions. Part of the DHS's Silicon Valley Innovation Program (SVIP), the initiative aims to … [Read more...] about DHS Teams with SpruceID on Digital Credentials

UK Fintech Firm Implements Random Selfie Checks to Fight Fraud

October 12, 2024 by Ali Nassar-Smith

ANNA Money, a fintech company claiming a customer base of more than 100,000 small and medium-sized enterprises (SMEs) in the United Kingdom, has announced biometric re-authentication measures to strengthen security against financial crime. The new … [Read more...] about UK Fintech Firm Implements Random Selfie Checks to Fight Fraud

Kazakhstan to Launch National System for Biometric Authentication by Year’s End: PM

October 10, 2024 by Tony Bitzionis

Kazakhstan plans to launch a centralized national system for remote biometric authentication, marking a significant advancement in the country’s digital infrastructure. Prime Minister Olzhas Bektenov announced the initiative in response to an inquiry … [Read more...] about Kazakhstan to Launch National System for Biometric Authentication by Year’s End: PM

Decentralized Biometrics Can Avoid Risks of ‘Service Provider Supply Chain’: Privado ID Co-Founder

October 10, 2024 by Alex Perala

Privado ID co-founder Evin McMullen is making the case for a decentralized approach to the storage of biometric data. Speaking to Cointelegraph, McMullen argues that the centralized storage and processing of biometric data by Big Tech companies … [Read more...] about Decentralized Biometrics Can Avoid Risks of ‘Service Provider Supply Chain’: Privado ID Co-Founder

AI Update: Don’t Give Your Money to Anyone But Me

October 4, 2024 by Alex Perala

Welcome to the newest edition of ID Tech’s AI update. Here’s the latest big news on the shifting landscape of AI and identity technology: Meta has announced a text-to-video AI model called Movie Gen, positioning it as a rival to similar tools … [Read more...] about AI Update: Don’t Give Your Money to Anyone But Me

ID Tech Digest – October 1, 2024

October 1, 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: Further EES Delays ‘Cannot Be Completely Excluded’: European Commission The European Union's planned … [Read more...] about ID Tech Digest – October 1, 2024

Trinidad and Tobago to Implement e-Passports, Digital Travel Forms

October 1, 2024 by Ali Nassar-Smith

Trinidad and Tobago will soon implement e-passports and digital embarking/disembarking forms, as announced by Finance Minister Colm Imbert during the budget presentation on September 30. The transition from machine-readable passports to e-passports … [Read more...] about Trinidad and Tobago to Implement e-Passports, Digital Travel Forms

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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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