Digital ID verification company OCR Labs Global has partnered with Synectics Solutions, the creator of the digital identity verification solution SynID.
This agreement will support all eligible people who need to prove their right to work or rent in the UK. It will combine OCR Labs Global’s technology with Synectics’ SynID trusted digital data from the public and private sectors, and customers will benefit from certainty and efficiency in the verification process.
A report from UK Finance claimed that £600m was lost in the first half of 2022 due to fraud across the UK finance sector.
To solve this issue, Synectics Solutions partners with public and private sector organisations to build data-sharing syndicates, such as SIRA. Through this syndicated cross-sector risk intelligence database, users can access insights and be better prepared to handle their financial crime challenges.
Synectics Solutions head of solutions consultancy Chris Lewis said, “We are tremendously excited to partner with OCR Labs Global. Fraud controls and positive electronic verification form the backbone of digital identity and the Digital Identities and Attributes Trust Framework. We believe that right to work checks will be a great test bed for digital identity as the market matures in the UK.”
OCR Labs offers tools to protect users from identity fraud through a streamlined identity experience. It leverages advanced image analysis and deep learning technology to accelerate good users and stop fraudsters.
A user is verified within seconds with just their ID and a smartphone.
The digital ID verification company recently named Joshua Read as its new COO. The hire was made as part of the company’s international expansion efforts.
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