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Identity News Digest – July 5, 2024

July 5, 2024

Welcome to FindBiometrics’ digest of identity industry news. Here’s what you need to know about the world of digital identity and biometrics today: Is a New TikTok Toy the Latest […]

Is a New TikTok Toy the Latest Deepfake Threat?

July 5, 2024

Akool, a Silicon Valley-based generative AI startup, may have just launched a powerful new deepfake tool—though that’s certainly not how it is pitching its “Web-Based Real-Time Face Swap” solution. Rather, […]

ID R&D Gets US Patent for Tech to Fight Voice Deepfake Threat

June 27, 2024

ID R&D has been issued a US patent for a system covering the “Method and Device for Unlocking a User Device by Voice” (US 11,941,097 B2). Credited to Konstantin Simonchik, […]

IDVerse Brings GenAI-Powered Identity Verification to AWS Marketplace

June 18, 2024

IDVerse, previously known as OCR Labs, has made its generative AI-trained identity verification technology available on the AWS Marketplace. The solution provides automated document verification, liveness detection, and face-matching capabilities, […]

Deepfakes Could Push Financial Fraud Losses to $40B by 2027: Deloitte

June 13, 2024

The consultancy Deloitte is flagging the intensifying risk of deepfake technology in financial services fraud. In a new report, Deloitte’s Center for Financial Services predicts that generative AI could drive […]

AI Update: OpenAI’s Business Bonanza

June 13, 2024

Welcome to the newest edition of FindBiometrics’ AI update. Here’s the latest big news on the shifting landscape of AI and identity technology: OpenAI’s annualized revenue has more than doubled […]

IDVerse Brings Identity Assurance Tech to Temenos Exchange

June 12, 2024

IDVerse’s identity assurance technology is now available through the Temenos Exchange, a major online marketplace for fintech solutions. IDVerse’s system allows organizations to verify new end users by comparing their […]

Passkey Support Comes to AWS IAM

June 12, 2024

At its annual re:Inforce conference, Amazon Web Services Inc. (AWS) has announced new AI-powered features and enhanced security measures, including support for passkeys in AWS Identity and Access Management (IAM). […]

AuthenticID’s New Deepfake Detection System Scans Images, Text, and Behaviors

June 11, 2024

Seattle-based AuthenticID has launched a new system designed to detect deepfakes and generative AI injection attacks. The solution is aimed at guarding against fraud during a remote identity verification process, […]

HYPR Raises $30M via VC Firm Silver Lake Waterman

June 5, 2024

HYPR has raised $30 million in funding from Silver Lake Waterman, an arm of the tech-focused investment firm Silver Lake. Silver Lake Waterman provides growth capital to later-stage growth companies […]

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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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