US-based business onboarding and risk-scoring company Kompliant will integrate authID’s biometric authentication platform Verified to stop identity fraud and automate digital onboarding for its customers.
Kompliant works with payment processors and sponsor banks, and will “deploy authID’s reliable, high-speed identity authentication solution to streamline and secure online merchant application processing and transaction monitoring.”
The integration with authID’s Verified solution will “enable Kompliant to deliver biometric identity authentication during digital onboarding for its clients, including quick mobile identity document capture and validation, liveness confirmation and presentation attack detection, and facial biometric matching of a selfie to the credential photo.”
Findynet Cooperative, an initiative consisting of a group of banks, technology companies and the Finnish social security government agency Kela, has received a €3 million government grant to build a pilot environment for a self-sovereign identity network.
The funding will be used to develop a secure and shared identity network — one that is “self-sovereign” and allows individuals to have ownership of their digital identities while maintaining control over their personal data.
The Findynet Cooperative will initially focus on financial data, but could also have implications for other spheres of social life including education, travel and democracy.
Findynet says end-users manage their own data and can decide for themselves what information they share about themselves with different parties to preserve their privacy. This exchange of information could involve electronic receipts, credit information and proof of professional qualifications.
IDnow is participating in the International Air Transport Association’s (IATA) Accelerate@IATA 2022 accelerator programme.
Trade association IATA represents some 290 airlines or 83 percent of total air traffic.
The IATA One ID working group is looking to establish industry standards that streamline the passenger journey with digitalization of admissibility and a contactless process through secure biometric enabled identification. It says that upon completing document checks remotely, passengers will be able to arrive at the airport ready to fly and proceed through each airport touchpoint via simple biometric recognition. The objective is to achieve a truly interoperable global system across airports, airlines and governments.
IDnow is collaborating with airlines and other technology providers members of the IATA Think Tank on a white paper about the application of digital identity in the air travel industry. In parallel, a proof of concept is being developed to show how digital identity can support people with reduced mobility with traveling, and airlines and airports to prioritize the required staff for the necessary support.
Open Source nonprofit Linux Foundation is to create the OpenWallet Foundation (OWF), a project focusing on the interoperability of wallets and digital IDs.
According to Linux Foundation executive director Jim Zemllin, OWF’s main goal is to develop a secure, multi-purpose open-source engine to enable anyone interested in creating interoperable digital wallets.
“We are convinced that digital wallets will play a critical role for digital societies,” says Zemllin. “Open software is the key to interoperability and security. We are delighted to host the OpenWallet Foundation and excited for its potential.”
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BBVA New Gen, the investment product offered by the Group’s Swiss franchise, is allowing prospective customers to sign up online just by uploading a ‘selfie’, after which their identity is verified in a matter of seconds.
The system uses artificial intelligence and face biometric technologies to let customers apply for an account instantly, using any device.
A new multi-country consortium of European identity experts has confirmed a proposal to deliver a large-scale, cross-border payments pilot.
Six countries (Denmark, Germany, Iceland, Italy, Latvia and Norway) are part of the consortium, led by Nobid (Nordic-Baltic eID Project).
Supported by digital government agencies, banks, enterprises and technology providers, the group will collaborate to show how payments and ID can be combined across borders and in multiple currencies.
It will also complement wider EU plans to empower member states and streamline cross-border payments, such as the European Payments Initiative (EPI) and the Digital Euro.
The project has garnered support from leaders in banking and payments, including DSGV in Germany, DNB and BankID in Norway, Nets in Denmark, Intesa Sanpaolo, PagoPA and ABILab in Italy and Greiðsluveitan in Iceland.
Technology partners include Thales, iProov, Signicat, RB, Auðkenni, IPZS, Poste Italiane, Intesi Group, InfoCert, FBK and Latvian State Radio and Television Centre. Merchants that will be testing out the payment solution include Elkjøp in Norway and REWE-group in Germany.
The digital identity solutions market size is expected to grow from an estimated value of $27.9 billion in 2022 to $70.7 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 20.4 percent, according to a new report by MarketsandMarkets. The market growth is driven by various government initiatives and regulations supporting the digital ID transformation and rise in ID wallet solutions.
Colombians can get a digitised version of their national ID card through the National Registry of Civil Status with a face biometrics check. More than 500,000 have already applied for the digital ID.
As of this month, someone requesting an ID will get both a physical, polycarbonate document and a digital copy that can be claimed from the digital ID module of the NRCS website.
The National Registry of Civil Status contracted fingerprint biometric scanners from Thales earlier this year.
The government intends for the new credentials to enable fast access to online public services.
BeyondTrust, the leader in intelligent identity and access security, announced today a new strategic partnership with NCS Group, a subsidiary of Singtel Group.
NCS will use the technology provided by BeyondTrust to offer companies best practice solutions in Privileged Access Management (PAM), a component of enabling Zero Trust security.