FB pixel

iProov and HooYu announce new partners, IDnow expands UK presence, Socure launches KYC solution

iProov and HooYu announce new partners, IDnow expands UK presence, Socure launches KYC solution

iProov has partnered with regtech specialist NorthRow to bring its biometric facial authentication for onboarding and transactions to the property, professional services and fintech sectors.

NorthRow’s flagship RemoteVerify solution has integrated iProov’s Flashmark facial recognition for regulated organizations going through anti-money laundering (AML) checks. The integration simplifies strong customer authentication and provides protection against sophisticated criminal attacks, according to the announcement.

NorthRow customers use the platform to comply with KYC and other regulations to fight financial crime, while accelerating the onboarding process and reducing costs.

“iProov and NorthRow share the same mission – to make it effortless for individuals and businesses to comply with complex regulations. The pandemic has proved beyond doubt that being able to verify customer identity online is not an optional extra or nice-to-have – it’s essential. The key is to make it simple and secure,” states iProov Founder and CEO Andrew Bud.

“By adding Genuine Presence Assurance to its platform, NorthRow further enhances its great user experience and enables regulated businesses to know that each individual is the right person, a real person, and that they are genuinely present right now. As online criminal activity and large-scale spoof attacks threaten organisations such as accountants, estate agents, and solicitors, they will need this more than ever.”

HooYu signs up digital-only bank

HooYu is providing its ID document check and selfie facial biometrics for KYC, PEP and sanctions screening for neobank Muniy, according to a company announcement.

The digital-only bank aims to offer a simple and intuitive user interface to make online banking as easy as possible to increase the accessibility of financial services. HooYu’s real-time checks during the onboarding process speed up account opening while satisfying anti-money laundering (AML) regulations.

“Only half of the world has an active bank account and we want to change that. We want to increase not just the ease of access but also the ease of interaction for financial services,” explains Muniy Co-founder and CEO Jeremy Suarez. “At the same time, we need to guard against financial crime and ensure AML compliance. To do that we’ve teamed up with HooYu so we can verify identity documents from all over the world.”

IDnow opens Manchester office

Munich-based IDnow is opening a Manchester office to expand its UK presence, TheBusinessDesk.com reports.

A team of three will be based in the new office initially, but Roger Tyrzyk, IDnow head of UK sales, said that number could increase to double-digits within two or three years.

IDnow says it is involved in the early talks with the UK government about the possibility of creating digital health credentials for people with immunity to COVID-19. The company’s UK-based customers include BP, GVC and Macropay. IDnow opened a London office last year shortly after a $40 million financing round.

In addition to ID document and 3D biometric selfie checks, IDnow’s technology allows short real-time interviews to be conducted with an IDnow representative.

“The current requirements from the UK government allows us to play to our strengths in creating innovative technology to support this vital strategy. The impact of the current pandemic has shown the important role digital identity verification can play in helping the UK get back on its feet,” Tyrzyk says, according to TheBusinessDesk.com.

“We expect a new normal after the pandemic, so anticipate further growth as people adjust to the new digital ways of working and living,” he continues.

“In fact, it will soon become the norm in all kinds of different industries as they look to use secure video-base identity verification products to onboard customers or to perform electronic signatures.”

IDnow recently published a set of KYC and digital identity resources.

Big data IDV launched by Socure

Socure has launched an Intelligent KYC v2.0 solution to serve as the central pillar in a holistic identity strategy.

The company says that by incorporating a wealth of data sources for processing with advanced graph analytics and unsupervised machine learning, actionable insights can be generated to grant automatic approvals in 20 percent more cases than legacy identity verification systems.

“In the digital-first world, compliance teams need hyper-accuracy in their use of KYC tools without introducing more friction for customers or costly reviews for their operations teams,” states Socure CEO Tom Thimot. “Intelligent KYC is the industry’s most sophisticated KYC solution and will push our clients far beyond check-box compliance.”

Socure says it enhanced ML solution moves beyond traditional credit bureau data checks and out-dated analytical approaches, tapping into more than 310 million entities and three billion records from various institutions and authoritative sources to enable people such as thin-file millennials and new arrivals to their country to be verified.

Article Topics

 |   |   |   |   |   |   |   |   |   |   | 

Latest Biometrics News


MFA and passwordless authentication effective against growing identity threats

A new identity security trends report from the Identity Defined Security Alliance (IDSA) highlights the challenges companies continue to face…


Zighra behavioral biometrics contracted for Canadian government cybersecurity testing

Zighra has won a contract with Shared Services Canada (SSC) to protect digital identities with threat detection and Zero Trust…


Klick Labs develops deepfake detection method focusing on vocal biomarkers

The rise in deepfake audio technology has significant threats in various domains, such as personal privacy, political manipulation, and national…


Ford Motor patent filing for facial recognition vehicle entry system published

A patent filing from the Ford Motor Company for a facial recognition vehicle entry system has been published by the…


Real ID requirement finally set to take effect on May 7, 2025

Real ID is about to get real. As of May 2025, adults will no longer be able to use traditional…


MOSIP launches QR code spec for interoperable offline biometrics, ID authentication

MOSIP, the Modular Open Source Identity Platform, has introduced a standardized, interoperable QR code that enables offline authentication with face…


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events