“Jumio, the leading AI-powered trusted identity as a service provider, today announced the beta release of Jumio Go , the company’s first real-time, fully automated identity verification solution. It is designed to remove friction from the user onboarding process, while still fighting online identity fraud and meeting AML and KYC compliance mandates.”
On The Web
nbsp;More Crooks Tapping ‘Synthetic Identity Fraud’ to Commit Financial Crimes
“Identity theft remains a popular way for cybercriminals to ruin your credit score. But to steal even more and evade detection, a growing number of crooks are resorting to what’s called “synthetic identity fraud,” which involves creating fake personas to dupe lending agencies…To stop synthetic identity fraud, the US is developing the Electronic Consent Based Social […]
Nacha Brings Verification of Payment-Related Data to Its Phixius Network
“As part of its effort to help users of its Phixius payment-data network mitigate fraud and enhance payment-routing certainty, Nacha announced Thursday the network will enable originators, fintechs, and financial institutions that originate and receive electronic payments to verify payment-related information, such as account ownership, account numbers, and routing information.”
Identity Verification Company Trulioo Lands $394M
“Online identity verification platform Trulioo has closed a $394 million series D round of funding at a $1.75 billion valuation, coming at a time when businesses across the spectrum have had to embrace digital transformation due to the global pandemic. Similar to how the need for electronic signatures has skyrocketed due to pretty much every […]
Jumio Raises $150M As Its All-in-one ID Authentication Platform Crosses 300M Verified Identities
“Digital identity services — used as a key link between organizations to verify that you are who you say you are online and individuals logging into those services — have come into their own in this past year. Now, one of the companies providing digital identity products is announcing a large round of funding, underscoring […]
Andreessen-Backed Startup Pindrop Agrees to Buy Next Caller
“Voice security startup Pindrop Security Inc. has agreed to buy Next Caller Inc. , making its first acquisition to build out personalization and verification services as the coronavirus pandemic spurs a surge in call volumes. Pindrop Chief Executive Officer Vijay Balasubramaniyan said the deal was for a mix of cash and equity with additional payments […]
Payfone raises $100M for its mobile phone-based digital verification and ID platform
“As an increasing number of daily and essential services move to digital platforms — a trend that’s had a massive fillip in the last few months — having efficient but effective ways to verify that people are who they say they are online is becoming ever more important. Now, a startup called Payfone, which has […]
CULedger Completes Blockchain Identity Pilot With Three US Credit Unions
“CULedger claims that MyCUID users can verify their identity by using a biometric function on their smart phone, such as voice, fingerprint or facial recognition. The vendor says that data from its pilot indicated that the average time to verify a member’s identity had been reduced from the industry average of more than 50 seconds […]
On The Wires
nbsp;Socure Unveils Industry’s First BNPL-Specific Solution, Extending Its Leadership in Identity Verification and Trust for Alternative Payment Providers
“Socure , the leading platform for digital identity verification and trust, today announced the introduction of the first identity verification and fraud solution purpose-built for the Buy Now, Pay Later (BNPL) industry. The solution leverages the technology and data currently used by more than 100 top BNPL providers, alternative payment providers, fintechs, banks, and credit […]
Boku Partners With French Carriers to Launch Mobile Identity Services in France
“Boku Inc., (AIM: BOKU ), the world’s leading provider of mobile payment and identity solutions, and French mobile services providers SFR, Orange and Bouygues Telecom, today announced that they have signed a partnership to launch mobile identity products aimed at protecting consumers against cyber-hacks, account takeover attacks, SIM swap attacks, and other forms of digital […]