Indonesia
Indonesia is looking for a company providing consulting services as a part of its upcoming digital transformation project backed by the World Bank.
The country’s government has released a Request for Expression of Interest (REOI) to identify vendors working in in digital ID, electronic know your customer (e-KYC), biometrics and data exchange that wish to participate in the project, reports Biometric Update.
The project will take place over 48 months and will be based in Jakarta while the deadline for submission is July 29, 2024.
Global
Trust Stamp an artificial intelligence-driven identity services provider, has announced its intent to forge a strategic partnership with Qenta Inc., aiming to serve a global network that spans across the financial sector, including cryptocurrency and banking services.
Trust Stamp, a specialist in the tokenization of identity and data, is positioning itself as a key player in the burgeoning digital transaction market. The company’s proprietary technology is designed to enhance security and privacy while ensuring compliance across various transactions.
The firm said the collaboration with Qenta, which has a suite of interlocking products and services including the QOS blockchain, will bridge the gap “between legacy financial systems and the new digital and tokenized economy.”
Kenya
Several Civil Society Organisations (CSOs) have raised concerns over the expiry of new digital identification cards rolled out by the government, reports The Kenyan.
The organisations have expressed concerns over the ramifications of rolling out the digital ID cards ahead of the next general elections. The groups claimed that the new IDs are set to expire in 2032, around the same time President William Ruto’s term will come to an end if he wins in 2027.
United Kingdom
One digital ID expert has said the UK government’s plans to create Digital IDs featuring a trust mark for approved verification products “could be the solution we’ve been waiting for to get the public on side with ID schemes.”
Alex Laurie, SVP at Ping Identity said: “Getting people to trust in digital IDs has been a losing battle – people don’t understand who’s developing these systems and how they’re handling personally identifiable data. But things look set to change. If the trust mark is deployed as an element or attribute of digital credentials, issued from a trusted identity provider – the DVLA for example – this scheme will far more likely be accepted by Brits than an ID card.
“There are 191 ways for people to set up online public services accounts, and 44 different sign-in methods. Navigating these sites is a minefield, not to mention the scale of the risk of compromise and data breaches. There’s a huge opportunity to swap out a centralised authentication service for one that’s decentralised and user-centric, giving individuals control of their digital identities without relying on a central service provider. The concept is already gaining interest in the IT sphere, with 82% of decision makers seeing value in decentralised identities for their customers and employees. If decentralised identities are executed properly, digital IDs could accelerate business and overall interconnectivity in the UK.”
Spain
Telefónica has relaunched TU Latch, a digital second-factor authentication solution for individuals, businesses and developers, with new functionality.
A key feature of TU Latch is the ability to create ‘security latches’ that open and close, allowing you to manage access and protect functionality, eliminating the need to remember multiple complicated passwords. Other strengths include the provision of two-factor authentication (2FA) using TOTP and HOTP algorithms, ensuring that only the user can access their accounts, and that if the phone is lost or stolen, data can be recovered thanks to cloud security.
Global
The global digital identity and security market size is estimated to grow by $64.4 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 21.23 percent during the forecast period. Increase in digitalisation with electronic ID cards (EID) and smart infrastructure initiatives is driving market growth, with a trend towards integration of AI, ML, and blockchain technologies to enhance digital identities. However, high costs involved in deploying digital identity and security solutions poses a challenge.
Global
Identity verification provider Veriff has updated its Biometric Authentication solution. Fraud checks, liveness detection, and anti-spoofing capabilities are included in the latest update to prevent unauthorised access or account takeover.
Key features of the Biometric Authentication solution update include:
- Increased conversion – Improved image resolution for better face-matching accuracy and enhanced detail capture in biometric templates.
- Improved fraud detection – Analysis of 30+ risk signals across behavioural, device and network parameters improve accuracy and the ability to combat more sophisticated fraud attempts.
- Deepfake and synthetic media detection – Veriff improved face liveness checks for synthetic and AI-generated media detection.
- User identity-based authentication – another step towards user-centric digital identity to ensure a secure and seamless user experience.
- Actionable insights – With more detailed insights, customers are equipped with specifics about what took place during the authentication journey.
Palau
The Pacific island nation of Palau is furthering its partnership with decentralised identity protocol RNS.ID to deploy digital residency IDs (DIDs) on the Solana blockchain.
Solana said this marks the first time a sovereign nation has issued legal identity on Solana.
The country launched its digital residency programme in 2022, which grants global citizens residency backed by Palau. But the people who acquire them don’t have to physically live there. The nation minted its first Legal DID, or decentralised ID, in September 2023 on Ethereum.
The RNS.ID platform lets users apply for a Palau digital residence card for $248. Those residencies allow for a visa extension up to 180 days, while also providing anonymity for people who want to use cryptocurrency exchanges that they might otherwise be barred from accessing because of their location.
