Mitek ID verification solution improves Nocks onboarding time by 98 percent

Mitek has announced that European blockchain provider Nocks has improved its customer onboarding time by 98 percent, from 12 hours to five minutes, by utilizing Mitek’s Mobile Verify government ID verification technology. Mobile Verify has helped Nocks comply with the fourth and fifth EU Anti-Money Laundering (AML) Directives, while its userbase has grown by 214 percent since integrating Mitek’s technology. Nocks, which uses the Gulden blockchain to orchestrate transactions, can validate the identity of applicants in real time with Mobile

Biometrics-based blockchain voting platform raises $2.2 million

Mobile-focused election voting and citizen engagement platform Voatz has raised over $2.2 million in seed round funding led by Medici Ventures with participation from the Urban Innovation Fund and Oakhouse Partners. Other investors in the round include Walt Winshall, Michael Dornbrook, Joe Caruso and members of the Walnut Ventures angels group. The company will use the capital to build out its business development team, expand its reach across the U.S. and accelerate the development of several new product features. Voatz

Humaniq and Coinfirm partner to improve trust in financial inclusion technology

Fintech firm Humaniq and Blockchain company Coinfirm have announced a partnership to provide advanced security and transparency for financial inclusion technology. Coinfirm’s anti-money-laundering (AML) solution will be integrated with Humaniq’s ecosystem to protect transactions made with its native HMQ token. Coinfirm will apply its regtech (regulatory technology) to all white-labelled HMQ wallets on Humaniq’s network to provide information about registered secure wallets, which will increase the efficiency of transactions and improve trust for new and existing members of global markets,

Veridium launches partnership and pilot to deliver financial services to underserved populations

Veridium has announced a partnership with South Africa-based financial services platform Wala to provide universal and affordable financial services to countries with emerging economies in Africa, beginning with a pilot program in sub-Saharan Africa. Wala is a blockchain-powered platform for people without access to adequate financial services, and the company will collaborate with Veridium to deliver accessible, zero-fee banking to consumers via biometric authentication technology on unmodified Android smartphones. Veridium’s biometric authentication technology is expected to work in developing nations

Japan regulator aims to deliver new digital ID powered by blockchain

The Financial Services Agency (FSA) of Japan, one of the country’s main regulators, is working on an initiative aimed at delivering a new digital ID powered by blockchain technology that will make banking more efficient for Japanese consumers, according to a report by Secure ID. Based on early reports and interest in the technology, the effort could lead to improved government services for Japanese citizens. The FSA is partnering with Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui and Mizuho on a

Humaniq founder taking over as chief executive

Alex Fork, the founder of Humaniq, is taking over as CEO as Dinis Guarda steps down to take up a new role in another business. Guarda was appointed as an interim CEO on a short-term contract, successfully establishing a strong and stable base for Humaniq through its startup phase, enabling the company to set up partnerships with numerous companies and several fintech influencers globally. The appointment of Fork as chief executive will see the company build on this foundation and

WISeKey blockchain platform allows countries to launch their own cryptocurrencies

WISeKey has introduced World Internet Secure Coin (WISeCoin), a blockchain platform that allows countries to launch their own cryptocurrencies in an environment that provides interoperability in a similar manner as analogue currencies. Using WISeCoin, cities and countries around the world can develop their own cryptocurrency. The platform’s advanced design and cryptographic security system is projected to disrupt legacy systems for transacting value and revamp global economic infrastructures. WISeCoin uses the latest blockchain technology and works as part of payment system

NovaTeqni reviewing adoption of blockchain technologies, gives corporate update

NovaTeqni Corporation announced it has been reviewing blockchain technologies that would contribute to the company’s existing business verticals. The markets for blockchain can fall anywhere from biometrics-based payments and secure money transfer to voter registration, voting and voter verification, along with being used in pre-payments for utilities and services. In August, NovaTeqni entered a manufacturing, development and sales agreement with Mobizent LLC for the manufacturing and sale of the new MobiCHKII mobile biometrics handheld device. In a corporate update to

Blockchain, biometrics, and the future of financial services

This is a guest post by James Stickland, CEO of Veridium. Continued innovation in financial services is driving more banks to take a closer look at digital currencies like Bitcoin. With more consumers and enterprises embracing this new trend, it is essential for financial institutions to get on board and fully understand the impact that digital currencies and the related technology of blockchain will have on their operations and security. So what is blockchain? Why are banks embracing this technology?

Humaniq launches financial inclusion app with biometric authentication

Humaniq has launched its Blockchain-powered financial inclusion app. According to a company statement, the app will enable the world’s 2 billion-plus unbanked people the opportunity to start making payments using biometric technology and UI crypto wallet. The Humaniq ‘LITE’ version of the app will be available for Android on July 31 and will be the focus of a pilot program that will soon be launched in Ghana, West Africa. For the first time, HMQ tokens (Humaniq coin) will become available