The Australian government has accredited Eftpos as the first private sector digital identity exchange operator under the country’s Trusted Digital Identity Framework (TDIF). This enables the use of the payments network’s ConnectID solution across a wide range of online transactions that require digital ID verification.
The Eftpos ConnectID solution allows consumers to authenticate their identity by linking to a verified digital ID held by a trusted provider and sharing their personal credentials with merchants, public services, government departments and other organisations.
TDIF accreditation will support “industry adoption of digital identity to drive security and productivity in the digital economy,” Eftpos says.
It will also enable Eftpos to collaborate with the Australian government’s Digital Transformation Agency, “to make it easier for more Australians to access both private and government services securely online”.
Acuant has established a partnership that will see its biometric know your customer (KYC) and document authentication technologies used to enhance digital identity security for students and teachers seeking access to decentralised financial (DeFi) services in Ethiopia.
The partnership means Acuant’s biometrics will be integrated into Atala Prism’s blockchain-based digital identity solution, which is being extended to around five million students and teachers in the country, notes Biometric Update.
Atala Prism is the digital identity component of the Atala suite of enterprise-focused blockchain products offered by IOG (Input Output Global), and the deal will give the identity platform access to over 300 sanctions lists and watchlists to prevent bad actors from infiltrating the ecosystem.
Integrating the document authentication and biometric KYC technology of US-based Acuant will enable Atala Prism’s DeFi customers to establish a legally verifiable identity credential, which will open up a wide range of third-party services such as opening a bank account or applying for a loan.
The move, the partners say, comes within the context of changing regulations for finance and digital identity platforms that run on blockchain technology, and the need for IOG to remain compliant with those regulations.
The Department of Social Welfare and Development (DSWD) of the Philippines has partnered with the Philippine Identification System (PhilSys) for the PhilID card to be used as a tool by beneficiaries of certain social welfare programmes for digital identity verification.
The government’s Philippine News Agency (PNA) reports that the deal, which specifically targets beneficiaries of programmes such as the Pantawid Pamilyang Pilipino and those in other crisis situations, makes the DSWD the first Philippines government agency to adopt the PhilID as a means of digital ID authentication for beneficiaries of its programs.
Per the partnership, PhilSys will over three years integrate its API-enabled digital ID services into DSWP welfare programmes.
Interac has secured exclusive rights to SecureKey Technologies’ digital identification services in Canada as the payments platform looks to push further into online services.
Toronto-based Interac said the deal with SecureKey will help in its building of a national network that will allow people to securely share and verify their identity information digitally.
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“We believe that digital ID is the key to empowering all Canadians to participate equally and safely in the future of the digital economy,” said Interac chief executive Mark O’Connell in a statement.
Financial terms of the agreement were not immediately available.
SecureKey provides digital identification and authentication including the Verified.Me service and Government Sign-In by Verified.Me.
The company also has partnerships with financial institutions and businesses including all of the large Canadian banks.
Digital identity solutions provider Presidio Identity has announced the closing of a $3.5 million second round of funding. The San Francisco-based company specialises in biometric KYC and digital identity solutions designed to eliminate account takeovers, identity theft, and identity fraud.
The Seed Plus round was led by Pelion Venture Partners with the participation of previous investors Salesforce founder Marc Benioff, Splunk CEO Doug Merritt, and others.
The fresh funds bring the total invested in the company to $5 million. According to Presidio, they will be used to expand its sales and marketing efforts, as well as to grow product operations for its digital identity solutions.
These include document verification, proof of account, and device biometrics-powered authentication.
The New Zealand government could also be set to take a greater role in the regulation of digital identity services, through a bill set to be introduced to Parliament later this year.
Digital economy and Communications Minister David Clark says the government soon plans to introduce the Digital Identity Services Trust Framework Bill and is also investigating how it can modernise its existing digital ID system, RealMe.
Clark says the proposed law will allow individuals to have greater control over their data, which will also regulate how different identity services work with one another.
Lithuania / Poland
Lithuanian identity verification company iDenfy has partnered with Polish company, PROFI CREDIT, to provide its services.
iDenfy provides identity verification services for more than 200 companies worldwide. It recognises 1500+ different documents from 200+ countries and extracts relevant identity information in a fraction of a second.
PROFI CREDIT operates in a non-banking financial sector in Poland and was founded in 2004 as part of the Profireal Group worldwide financial division.