Yoti announces HIPAA compliance as new RegTech partner integrates selfie biometrics
Kompli-Global has chosen Yoti’s biometric digital ID to verify user identity and prevent fraud and money laundering for its customers in regulated industries, the company announced. Yoti has also completed an audit for safe handling of health data compliant with U.S.’ HIPAA regulation.
Yoti’s biometric technology has been integrated with the Kompli-QED remote corporate onboarding platform to verify and authenticate that an identity documents is presented by the actual owner. The user has to submit a photo of a government-issued photo ID and a selfie. Tech is combined with human efforts to conduct comparison analysis and determine if the image is real or it is a spoof through an automated bot, mask or photo. The document’s security features are verified to ensure authenticity and validity. Both ID photo and selfie are saved for audit and remediation.
“Identity theft is one of the fastest growing criminal activities, so it is vital to be able to verify that potential new clients are who they say they are,” said Jane Jee, Kompli-Global CEO, in a prepared statement. “Being able to offer Yoti’s innovative proof of identity and verification system is excellent news for our new platform but extremely bad news for fraudsters and money launderers. The way it should be.”
Lee added: “Yoti shares our approach of employing leading edge RegTech, letting augmented intelligence do the heavy lifting and using human expertise at the right time. Criminals and money launderers are not slow to use technology to steal or create fake identities. Our partnership is an illustration of how technology is now working against them which has to be good news.”
Yoti has also completed a HIPAA Compliance Readiness Assessment which confirms the company is compliant with all requirements in the HIPAA Security Rules and the Privacy Rules. HIPAA, ISO27001 and SOC2 (type 2) compliance certify Yoti’s data controls and protections are legitimate.