IDnow orders up 350 percent, selfie biometric and ID document check solutions launched by Sumsub and Socure
Impressive growth numbers announced by IDnow indicate why Sumsub and Socure are launching new technologies for remote biometric identity verification, and how Yoti, AU10TIX, and Sumsub again have formed new partnerships. The growth of remote digital services, and technologies to support them, marches on.
IDnow is reporting that transactions with its AutoIdent biometric selfie and ID document check software have grown tenfold from January to June, and order intakes for its technology have increased by 358 percent compared to a year ago.
The company recently won contracts with big brands in the UK including Allied Irish Bank, UBS and BP, and expanded its UK presence with a Manchester office.
“COVID-19 has really brought into focus the need for enhanced safety measures when it comes to identity. Cyber crime is on the rise in line with the increased use of online transactions, so firms must be confident they have an effective and robust safety system in place to reduce the risk of identity fraud for their business and their customers,” IDnow CTO and Co-founder Armin Bauer says.
“Our latest figures show businesses across the world are taking this risk seriously as they seek ways to embed stringent security without impacting on the customer journey or onboarding process.”
Sumsub launches video streaming service and joins co-working project
Sumsub has launched an agent-assisted video streaming process to help businesses perform identity verification to meet regulatory requirements for Estonia, Austria, Germany, Switzerland, and Liechtenstein. The company is also providing its regulatory compliance and anti-fraud tools through the Cowork Tools platform to provide small businesses with enterprise-level tools.
The video streaming service satisfies know your customer (KYC), know your business (KYB) and anti money-laundering (AML), Sumsub says. The service combines an easy to use platform with built-in compliance processes and operators, according to an announcement, to make compliance accessible for companies of all sizes.
Remote AML check laws in the countries mentioned above require video communication between the client and operator, which can present a challenge for business operating in several jurisdictions. Those businesses can now use Sumsub’s operators or their own with the service to meet a variety of requirements.
“Compliance is becoming more complex and more diverse across jurisdictions. This requires more investment and attention from global companies,” comments Jacob Sever, co-founder at Sumsub. “Sumsub is investing to create a more tailored, complex solution for global companies, and video is just one of the essential ingredients needed to build the most comprehensive and all-encompassing compliance solution.”
Sumsub says the solution can save up to 50 percent of the time the operator spends on a call, and includes out-of-the-box automated processes for specific regions.
Cowork Tools is a project bringing together tools for compliance with regulations such as GDPR, AML and KYC, and payments for businesses, for 583 of the biggest co-working spaces in Europe. It is created and supported by Exodus, Velvet, and The European Coworking Assembly. The tools provide accurate online identification to safeguard online and international deals, according to a separate announcement.
“Coworking companies need secure and efficient KYC/AML solutions. However we often see complex and rigid products that are unfit for smaller businesses. We are glad that Sumsub broke this trend and was able to provide us with a fast-growing product perfectly suited to make coworking communities safe and compliant with international guidelines,” says Alex Zelinsky, CEO at Cowork Tools.
Yoti age verification selected by game developer and manufacturer
Facial biometrics-based age verification technology from Yoti has been adopted by Reflex Gaming to enhance its games for the Pub Retail, Arcade, Bingo and Private Members Club sectors.
The Reflex Slingshot ecosystem will integrate Yoti’s technology to provide real-time age verification through facial analysis, with a threshold for challenging the individual to produce proof of age, such as at an estimated 25 years old or younger. One age estimation is completed, the image is deleted. Users can also scan a QR code to verify their age with the Yoti app by sharing their age from a verified government ID. Either method protects user data and privacy, the company says. The app is already accepted at more than 12,000 pubs, stores, and online retailers in the UK, according to the announcement.
“We’re delighted to be working with Yoti who are a skilled, enthusiastic and agile company, just like Reflex,” states Reflex Gaming CPO Mat Ingram. “The solution is robust, bleeding-edge technology and marries very well with the cashless play solution that we are also using, the latter provided by Game Payment Technology. Having great technologies working well together is exactly what Reflex are all about and we look forward to rolling it all out in significant numbers.”
Yoti says it can accept government-approved identity documents from over 195 countries, and the company meets SOC2 secure data management standards.
The company posted demographic data for its age verification technology in July.
Socure launches document check and biometric selfie module
Socure has added a document verification module to its product suite to provide ID document and selfie biometric checks through a mobile device.
Identity verification protocols such as customer identification program (CIP) and KYC, GLBA, fraud prevention and sanction screening are being tightened by financial institutions and other organizations as sophisticated fraud attacks increase, according to the announcement.
The new DocV module for Socure ID+ checks document authenticity and user liveness, as part of the consumer user-experience onboarding workflow. When triggered, DocV verifies the security features of the ID and matches biometrics to return a judgement to accept or reject the application, or order the request to be resubmitted.
DocV also analyzes identity data to correlate it with other identity elements, and the solution is tightly integrated with the Socure ID+ suite, according to a company blog post.
Kumbaya taps AU10TIX for biometric and document check onboarding technology
Parent and teen job-board tool Kumbaya App has partnered with AU10TIX for automated identity authentication using its Secure.Me solution with Smart Document Capture and biometric facial recognition.
Parents in need of teen laborers for paid gigs can connect with teens through the contact book and social network connections of their own parents. Adding AU10TIX technology for ID authentication and onboarding enables verification of personal details, with parents submitting a selfie for biometric matching against the ID document to complete the approval process.
“As the Kumbaya App connects parents with adolescents, safety is paramount,” said Chen Levanon, the Kumbaya App’s CEO and co-founder. “By partnering with AU10TIX, we are able to verify that our community of app users are who they say they are, while also keeping the onboarding process simple and speedy.”
“As a parent, I feel a commitment to help create trusted ecosystems for children to explore their entrepreneurial ambitions in a safe space,” added Carey O’Connor Kolaja, AU10TIX’s president and COO. “With our roots in airport security and border control solutions, AU10TIX can harness decades of experience in identity verification to ensure safety for all Kumbaya App users. We are honored to partner with the app to protect teens, parents and children with an extra layer of security.”