Germany
The Commission for the Protection of Minors in the Media (KJM) has given Yoti’s ‘Age Estimation’ technology approval to be used in the German market.
Dr. Marc Jan Eumann, said: “Artificial intelligence is finding its way into almost all areas of our life. There is still great untapped potential here to protect children and young people online. Yoti Facial Age Estimation is the first AI age assessment approach that we have approved. We welcome that this tech can be used to protect children and young people.”
With the help of large data sets of facial images, the technology was trained to assess age using anonymised facial images, with month and year of birth – consented by adults and the parents of children.
Australia
Company directors will now be required to create an identification number through myGovID that stays with them for life as the government moves to crack down on illegal phoenixing.
This occurs when “a new company, for little or no value, continues the business of an existing company that has been liquidated or otherwise abandoned to avoid paying outstanding debts, which can include taxes, creditors and employee entitlements.”
The identification number, also known as director ID, is a unique 15-digit identifier that existing company directors will need to apply for by September 2022 in order to avoid a civil penalty of up to $1.1 million.
It is the first public beta service to be offered by the Australian Business Register Services (ABRS), which is consolidating 32 business registers under the modernising business registers program.
New Zealand
If you liked this content…
Blackbird Ventures and Headline have led a $21 million (about $29.2 million NZD) Series B in New Zealand-based digital identity company First AML, with participation from returning investors Bedrock Capital, Icehouse Ventures and Pushpay founder Eliot Crowther. This brings First AML’s total raised to about $30.1 million USD (about $42 million USD).
Founded in 2017, First AML entered Australia this year and will use part of its Series B to expand into international markets, starting with the United Kingdom. It is also looking at Singapore and the United States. The company also plans to double its employee count from 90 to 180.
Singapore
Mastercard-owned eCommerce verification platform Ekata has teamed with Singapore’s Advance.ai on a suite of B2B digital identity offerings and risk prevention solutions for customers in South and Southeast Asia, according to a Tech in Asia report.
Through the partnership, Ekata’s account opening platform will be incorporated into Advance.ai’s service offerings — which include digital identity verification, risk and credit scoring and digital lending — to deliver data and risk information to its customers.
Advance.ai, part of Advance Intelligence Group, works with companies in the banking, financial services, FinTech, payments, retail and eCommerce vertical markets. Mastercard acquired Ekata for $850 million in April.
Europe
Paravision has announced that it is expanding its computer vision and facial recognition business in Europe with the appointment of UK-based sales and business development executive, Carl Gohringer.
The US-based firm has already been active in Europe across the public and private sectors for identity verification, access control, payments and border management. This move is intended to boost Paravision’s position as an industry-leading provider of facial recognition.
Gohringer will lead go-to-market plans for digital onboarding, airport check-in and pre-travel identity verification for both the UK and EU.
