Tag: Digital identity

Digital ID verification platform OCR Labs Global has hired Joshua Read as its new COO, as part of its international expansion efforts.

As companies explore improvements to digital identity in the UK, financial services firms are exploring the benefits of bank assured identity, according to a report from OneID.

In an age where more people are adopting a digital identity, the need to manage and contain risk is becoming more key than ever, claims PassFort. 

Open banking firm Ecospend has partnered with digital identity network Yoti to integrate both services together.

Revenue for digital identity marketplace vendors is expected to exceed $53bn by 2026, doubling from the $26bn value in 2021, research from Juniper Research claims.

Identity verification firm iDenfy has unveiled an enhanced version of a phone verification product.

Most UK consumers are hesitant about the implementation of a common digital identity, according to a new survey from RegTech Associates and PassFort.

While digital transformation was way underway before the Covid-19 pandemic hit, the face-to-face restrictions imposed by the crisis put rocket boosters underneath digital tools designed to simplify complex manual processes normally conducted in person.

Identity verification firm Ondato has extended its seed financing round after it netted a further €3.6m.

Singapore-based ADVANCE.AI, which develops digital identity verification tools, is reportedly looking to raise $200m in funding.