United Kingdom
Nium has integrated the Trulioo Person Match identity verification for payment experiences for its UK operations.
The extended Trulioo partnership bolsters Nium’s UK operations, which the firm said reduces the need for extensive administrative or engineering efforts in order to meet stringent KYC, AML, and counter-terrorist financing controls required by money service business licences across multiple markets.
Seychelles
WISeKey has been awarded the project to build on the SeyID digital identity platform by the Government of Seychelles. SeyID will be linked with different national initiatives covering eGovernment, eTourism and eHealth.
The SeyID Platform integrates an e-wallet, offering users the ability to securely store their National ID and Driver licence, eliminating the need to carry physical documents. The app generates a digital version of the ID card, featuring a QR Code for secure third-party verification (from law enforcement agents to other uses such opening a bank account. where the person needs to prove their identity).
In a next evolution, planned for the first half of 2024, WISeKey will also integrate a document wallet, which will allow to the Government to securely send digital documents to citizens. This feature, combined with SeyID’s existing feature for document signing, aims to reduce the need to manage paper documents in the country.
Philippines
US-based Resecurity (USA) is providing a new consumer protection offering tailored for the Filipino market: Identity Protection solution. The support for the region is compliant with Data Privacy Act (DPA) and becomes the first solution on the market to protect Filipinos, supporting recognition of leaked national IDs, accounts, passwords and leaked data online.
The National Institute of Standards and Technology has announced a new supplement to the NIST SP 800-63B Digital Identity Guidelines, which provides interim guidance for incorporating “syncable authenticators” such as passkeys into digital identity management systems. This supplement is designed to update the guidelines without waiting for a full revision, allowing for quicker adaptation to new technologies.
Europe / Japan
The European Commission and the Digital Agency of Japan are to sign a Memorandum of Cooperation on Digital Identities and Trust Services to implement the so-called Data Free Flow with Trust. The countries will share experiences on digital identity initiatives – such as the EU Digital Identity Wallet – in order to achieve a positive impact for international trade and electronic commerce, but also for delivery of essential services.
Global
The identity governance and administration market projected is set to grow from a size of $8.46 billion in 2023 to $24.42 billion by 2030, according to a report by 360iResearch.
Identity governance and administration (IGA) has emerged as a critical policy-driven approach aimed at fortifying digital identities within organizations, ensuring that proper access is provided to the right individuals for valid reasons. Across the globe, the demand for IGA solutions is on the rise, driven by the need to tackle sophisticated cyber threats, comply with stringent data protection laws, and adapt to the digitisation wave sweeping through industries.
