Global
People who use biometrics to access online accounts register higher rates of satisfaction than those who don’t, according to new research.
A new IDC InfoBrief, sponsored by Mitek found that 77 percent of consumer respondents who use biometrics on their smartphone or tablet said they are satisfied with the use of biometric identity authentication.
But a quarter (25 percent) of consumers surveyed said they have had one of their online accounts hacked or taken over by online criminals.
More than a third said they had switched to another company because of an unsatisfactory resolution to an online account hacking incident.
Consumers in general are unsatisfied with current username/password processes: one in three said that having to remember multiple usernames and passwords is their biggest authentication headache.
Malaysia
Zetrix, a layer 1 public blockchain platform, has launched a Digital Credentials platform.
The launch is a collaboration between Malaysia’s MY E.G. Services Berhad and China’s state-owned Guangxi Beitou IT Innovation Technology Investment Group Co Ltd, the IT arm of Guangxi Beibu Gulf Investment Group.
The service initially will be offered to domestic China nationals who can choose to digitise their National ID or driving licence as a Verifiable Credential (VC) on Xinghuo International, the international gateway for China’s national Public Blockchain. Through Zetrix, which is integrated with Xinghuo, the National ID or driving licence VC can then be presented abroad to be authenticated by any verifier.
Europe
A draft of the legal framework governing the European digital identity project has received endorsement from a European Parliament committee, bringing the EU Digital Identity (EUDI) Wallet closer to reality.
Officially known as the European Electronic Identification and Trust Services Initiative, the eIDAS 2.0 regulation was adopted by the parliament’s Committee on Industry, Research and Energy (ITRE). The draft was adopted with 35 votes in favour, 13 against and six abstentions.
As the EU’s largest digital initiative, the EUDI Wallet will allow European citizens to access both public and private digital services through a mobile app while maintaining control over personal data and digital assets.
Australia
Australia-based firms can now begin registering for a new Trusted Digital Identity Framework (TDIF) certified application, RatifyID.
Rob Wallace, director of the app’s creator, Makesure Consulting, commented: “RatifyID puts the customer in control of their personal information and provides the business sector with the technology to prevent fraud, or flag customer issues, in real-time.”
The app is available for individuals to download from the App Store and Google Play, and enterprises can also register to secure early access to the platform in January 2024.
China
China has announced the launch of RealDID, a digital identity service by the Blockchain Service Network (BSN) aimed at providing a “front-end anonymity and back-end real-name” digital identity network.
RealDID is reportedly a fusion of BSN’s blockchain service network and the CTID digital identity chain, aiming to cater to the needs of a digital economy while maintaining a balance between anonymity and real-name verification.
The service is said to offer a range of applications, including real-name confirmation, data encryption flow, privacy protection login, custom business DID, and identity certificate services.
Global
Worldcoin has expanded its digital identity system, added face biometric authentication and unveiled support for a series of online services.
The upgraded digital ID includes three levels. “World ID device level” is a digital ID with a lower level of assurance, being based on verification with a mobile device. For apps requiring higher assurance, “World ID Orb” builds in the assurance of humanity and uniqueness provided by iris biometrics scans with the company’s infamous proprietary scanners. “World ID Orb+” adds facial authentication through selfie biometrics to the IDs already verified with iris biometrics.
Services integrating World ID now include Minecraft, Reddit, Telegram, Shopify and ecommerce platform Mercado Libre.
Benelux
Identity and access management (IAM), security, and network transformation specialist Xalient has acquired Grabowsky BV, a digital identity advisory and managed services business based in Benelux.
It follows the recent acquisition of Integral Partners LLC in the US. Xalient said it is now positioned to provide its clients with a global IAM service because of its expertise in the US, UK, and now the Benelux region.
United Kingdom
London-based Yoti has announced that it will start to use facial recognition software from US multimodal biometrics provider Rank One Computing across the services of its digital ID platform.
ROC.ai’s algorithms are NIST-tested and the company claims the top rank among global face recognition providers in combined accuracy and efficiency. Among its customers are the U.S. Department of Defense, federal and state law enforcement agencies, and multinational financial institutions. Its Code of Ethics demonstrates a commitment to privacy and inclusion of all races, ages, and genders, according to the announcement.
United States
Digital identity-verification and screening company Trua has launched a new product called TruaID, which is designed to give consumers a greater sense of security with their private information while providing businesses a more efficient means of screening customers and prospective employees.
TruaID eliminates the need for users to repeatedly provide businesses, government agencies or potential employers with their private personal information, such as Social Security number, driver’s licence, birth certificate or other documents. Instead, once the individual has that information verified through Trua, they provide their TruaID on their phone or online, never having to input or share their personal information again for many of the identity verification or screening requirements.
United States
Delta Air Lines is expanding its digital identification program to three more airports: Los Angeles International, John F. Kennedy and La Guardia.
The program made its debut in 2021 in Atlanta and Detroit.
