Singapore
Okta has announced its integration with Singapore’s national digital identification service, Singpass. Okta customers that are approved by Singpass can now integrate Singpass QR Login with the Universal Login feature in Okta Customer Identity Cloud (powered by Auth0 technology). The integration allows Singpass users to access a set of business and government services “with the same convenient and passwordless experience.”
Singpass is an identity provider managed by the Government Technology Agency of Singapore (GovTech). Citizens have a unique ID they can use to sign in to government services, and the technology has been extended to the private sector, subject to Singpass’ approval of the use case, over the last few years as well. Many organisations have now integrated Okta with Singpass, including NTUC Enterprise, a Singaporean group of social enterprises.
United States
The U.S. Department Of Homeland Security (DHS) Customs and Border Protection (CBP) has selected the iProov Biometric Solutions Suite Genuine Presence Assurance technology for secure border crossings.
“iProov is honored to be part of CBP’s strategic initiative to improve the security of US borders while enhancing legitimate travel and trade,” said Andrew Bud, founder and CEO of iProov. “We have proven our ability to support key tenets of the program around inclusivity, user experience, and the unrivalled ability to assure that the person authenticating is a genuine person, present at the time of the identity verification.”
Japan
Saxo Bank has announced the incorporation of the TRUSTDOCK service into its products, in order to offer ID verification for customers in Japan. This will provide a faster and more efficient onboarding process for customers, said the firm.
Before the partnership, customers needed to send account opening documents by email to open an account, with the process taking some days. With the new service, users can verify their identities online and open a new account faster, within two days from the date of the application.
Europe
The European Credit Sector Associations (ECSAs) are calling on the European Parliament and the Council to reconsider the inclusion of payments in the upcoming European Digital Identity (eIDAS 2.0) project.
The ECSAs, which includes The European Banking Federation, the European Association of Co-operative Banks, and the European Savings and Retail Banking Group, published the statement on Tuesday.
The associations said the EU digital ID proposal will incentivise Member States to be more practical in developing e-ID solutions with a broad scope of usage. “Moreover, the European Digital Identity Wallet (EUDIW) will foster quicker onboarding processes and a better user experience. It will also contribute to the further adoption of digital banking services,” reads the statement.
However, the ECSAs are questioning the interpretation of the wording in the legislation that suggests that the entire payment sphere should be included in eIDAS 2.0 on a mandatory basis.
Estonia
Identity verification provider Veriff has announced its new Know Your Customer (KYC) Education Center.
Offering a library of KYC articles and guides, the hub “acts as an essential resource for businesses looking to remain compliant with quickly evolving Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations.”
United States / Europe
US digital identity company Intellicheck is eyeing the European market after determining its technology meets the requirements set by the European Union’s General Data Protection Regulation.
Intellicheck currently provides identity authentication and threat identification solutions for customers primarily in the United States, including financial institutions, retailers, law enforcement, and others. One of its major clients is Yahoo for which it provides identity verification for AOL, reports Biometric Update.
Compliance with GDPR offers an opportunity for the company to enter the EU, according to the company.
Ireland
Daon is expanding its identity proofing and authentication solutions to the healthcare industry to enable organisations to safeguard identities for providers, staff, and patients.
Daon said its Fast Healthcare Interoperability Resources (FHIR)-compliant solutions will reduce fraud for healthcare workers and staff, digital health app providers, and patients. Daon IdentityX provides identity proofing and authentication solutions for every touchpoint, including patient care, medical records access, health portals access, claims management, contact center and smartphone apps. Daon also enables biometric identity verification and assurance across all channels, including in-person, mobile app, web, and contact centre.
Africa
The African Development Fund has approved $8 million in funding for the West African Monetary Institute (WAMI) to establish a unique customer identification framework for The Gambia, Guinea, Liberia and Sierra Leone.
The project will commence in July 2023 and aims to enhance financial sector efficiency within the participating countries, leading to increased access to finance and further regional integration efforts.
More than 53 financial service providers across the participating countries will be included in the project, allowing them to verify their clients’ identities on an ongoing basis, combat fraud, discourage loan defaulting and strengthen correspondent banking relationships.
