British identity security start-up Xydus has urged businesses to act before the UK’s right to work laws are overhauled next month. The UK is to mandate that employers to digitally verify workers using a select handful of certified identity providers, including Xydus.
The legislation promotes the move to digital Right To Work checks for UK and foreign workers. Failure to prepare and implement the required changes could see employers face fines, lose the right to hire foreign workers and for repeat offenders even face the prospect of jail time.
From October 1, all UK businesses must use government certified Identity Service Providers (IDSPs) to complete digital Right to Work checks. Digital checks require the submission of images of personal documents using certified ID validation technology to verify the employees right to work. Any other method is non-compliant
Failing to comply can result in a civil penalty of up to £20,000 per non-compliant check, losing the ability to sponsor work visa applications for foreign nationals and even criminal convictions in serious cases. Additionally, records need to be kept for up to two years after an employee exits the business
Major Australian banks are to introduce identity checking as a new service. It comes as the newly created Australian Payments Plus co-ordinates their investment to help them respond to competition from international payments giants also moving into digital ID.
National Australia Bank and Commonwealth Bank have been the drivers of the new digital identity network, known as ConnectID, which all four major banks will switch on next year. The service is set for commercial trials later this year, with a full-scale national rollout scheduled for 2023.
Hong Kong-based digital identity and data solutions provider Chekk has appointed Jason Lee as its new chief technology officer (CTO).
Lee, who will be based in Singapore, has more than 26 years’ worth of technology experience in fintechs and large corporations working across management, development and engineering roles.
He has managed international teams in Singapore, Hong Kong, Canada, India and Vietnam and spent 14 years working in mobile telecoms firm Motorola’s R&D centre.
The Finnish Ministry of Finance has granted the Findynet Cooperative, which includes Nordea Bank and OP Financial Group among its members, a €3 million government grant to build a pilot environment for a self-sovereign identity network.
The Cooperative aims to develop a network that ensures that digital wallets developed by different service providers are interoperable, and work seamlessly for both organizations and individuals.
The funding will be used to develop a common and secure self-sovereign identity network, which can be used to ensure the correctness of information in electronic interactions.
The founding members of the Findynet Cooperative include nine public and private sector organizations: Finance Finland, Finnish Post, Nixu, Nordea Bank, OP Financial Group, Social Insurance Institution of Finland (Kela), Technology Finland, Tietoevry and Vastuu Group.
The Canada digital identity management solution market size is expected to grow from US$ 990 million in 2021 to US$ 2,272.6 million by 2028. The Canada digital identity management solution market size is estimated to grow at a CAGR of 12.9% from 2022 to 2028, according to new research by ResearchAndMarkets.com.
Several industries across Canada are adopting digital identity management due to its numerous benefits, including short process time, high level of accuracy, upgraded security, lower operational costs, and better customer experience. In March 2022, digital identity and access control technology company IDENTOS used the work of Kantara Initiative’s UMA 2.0 specification as the major technology in the Ontario trusted account.
Similarly, in June 2021, Prodigy Ventures Inc. announced an agreement between its subsidiary IDVerifact Inc. and EnStream, a company with direct access to mobile telecom information in Canada, covering over ~90 percent of Canadians on all major mobile networks.
The Czech presidency of the EU Council circulated last week a new compromise text on the European Digital Identity (eIDs) proposal, a file that has so far seen limited progress due to its technical complexity.
You might also like
The document will be discussed at the EU Council’s Telecom Working Party meetings on September 5 and 8. National representatives will then be able to submit specific drafting suggestions until 12 September.
The compromise follows a discussion that took place in July where, with the significant exception of France and Germany, all member states pushed for the Digital Wallet to be an identification means in its own right.
The most significant change now is that the European Digital Identity Wallets have been added as an electronic identification means.
The compromise includes a definition of “unique and persistent identifier” as “an identifier which may consist of either single or multiple national or sectoral identification data, is associated with a single user within a given system and persistent in time”.
The article on unique identification has been changed to record matching, a more complex and privacy-friendly system that allows identifying a person by matching several segments of personal data. However, a unique identifier is still possible under national law and administrative practice, where the latter concept is left undefined.
Identity verification and e-KYC technology company, VerifyMe Nigeria, has unveiled QoreID, a dedicated digital identity, and analytics solution for B2B. QoreID will provide API infrastructure and data services that connect businesses to people and their information across Africa and remain a VerifyMe Nigeria company.
Targeted at the medium and enterprise business segment, QoreID provides a suite of secure verification and authentication solutions that connect businesses to trusted identities and critical consumer analytics such as alternative credit scoring for the unbanked.
More than 710,000 Greek citizens have used the Greek government’s Gov.gr Wallet app to create and store a digital version of their national identity card on their smartphone and more than 563,000 have used it to generate a digital version of their driving licence since the service went live last month, according to reports.
The Gov.gr Wallet is available for both Android and Apple devices and enables citizens to generate digital documents that can be verified using a QR code. These have exactly the same official status within Greece as the corresponding physical ID card and driving licence, although they are not valid for use in other countries.
At launch, the Ministry of Digital Governance said that it also plans to add support for other digital documents such as vehicle registration permits, proof of road tax payments, vehicle technical inspection results and insurance details.
Digital identity verification startup Qoobiss has launched the first fully automated Know-Your-Customer (KYC) solution in Romania, providing complex services ensuring anti-money laundering and countering the financing of terrorism (AML/CFT) in addition to user identification services.
The AML screening offered by Qoobiss verifies people listed on international sanctions lists, including the Consolidated List of the UN Security Council, Consolidated List of persons, groups and entities subject to EU financial sanctions, politically exposed individuals and those pursued by the Romanian Police.
Identity verification provider Veriff has launched a new partner programme to give partners in sectors with different digital identity needs a practical path to growth and increased revenues.
The R.E.V. (Revenue Expansion with Veriff) Partner Programme can reportedly be tailored to meet the needs of specific partner types based on their business, offering flexibility to support growth. The company says it gives software resellers and professional services organizations leading digital identity technology to build their services with.
the new partner program provides three models based on partners’ capabilities and required business strategy.
UK-based identity tech company OneID has partnered with DocuSign to provide government-certified identity verification to the company’s electronic signature solution, eSignature.
The partnership wants to ensure that when an individual signs a document, their identity is securely verified using OneID’s identity verification technology which can authenticate the identity of all online banking users, equating to more than 40 million UK citizens.
OneID enables individuals to verify their identity in a way that is secure and provides bank-verified data. It requires no registration process, does not store any personal data, and removes the need for scanning passports or taking selfies to authenticate your identity online, according to the company.