FB pixel

Prodigy rolls out all-in-one biometric ID verification suite

Partners with BioConnect, IDmission, TruNarrative

online shopping biometric authetication

Prodigy Ventures has launched a biometric identity verification platform dubbed IDVerifact, which it says is intended to address the complexities that come with dealing with different identity solutions for different verification purposes.

Prodigy counts BioConnect, IDmission and TruNarrative as biometric and identity verification technology partners. The company says its new platform comes to eliminate the need for businesses or organizations to have to use multiple identity verification platforms for specific identity verification requirements, especially as the demand for digital identity continues to rise.

IDVerifact features know your customer (KYC) and anti money-laundering (AML) tools, multi-factor authentication and passive biometric liveness. A screenshot on the company website depicts biometric tools for ‘digital step-up’ and facial deduplication.

The platform provides the ability to combine and access a complete suite of leading digital identity providers to meet any business use case, and in so doing helping customers better preempt fraud, easily identify risks as well as ensure compliance and improved user experience.

The company said the new platform will also enable online stores, lottery and gaming platforms, financial service providers and insurance industry customers to grow their revenue.

“Our mission at Prodigy is to deliver Fintech innovation. We are excited to launch IDVerifact, our new, advanced digital identity platform. There is great demand for this platform, which simplifies the complexities of integrating, customizing and maintaining a broad range of digital identity solutions for enterprises in all sectors,” said Tom Beckerman, chairman and CEO of Prodigy.

IDVerifact Senior Vice President George Colwell said the product is intended to help their clients rethink their customer experience.

“There has been explosive growth in the range of digital identity solutions available on the market, with signs of additional momentum in the near future. The advances in digital identity globally, and our partners’ innovations, are a great leap forward. However, enterprise consumption of these various niche solutions still presents the challenges of integration, orchestration, and the continuous innovation and adoption of new digital identity types and solutions. IDVerifact is built to eliminate these complexities,” he said.

He added: “We are excited to help our clients rethink and re-engineer their customer experiences with IDVerifact for rapid adoption, time to market, and value realization from digital identity solutions.”

Article Topics

 |   |   |   |   |   |   |   |   |   |   | 

Latest Biometrics News


Huawei accelerates global digital transformation with digital ID, ICT and 5G projects

In recent years, global telecommunications provider Huawei Technologies has significantly ramped up its involvement in infrastructure projects aimed at supporting…


Move over, Armani: Italy’s It Wallet is the digital ID accessory of the season

Bravo to Italy for the forthcoming launch of its digital wallet scheme, clearing the path for a national digital identity…


Sumsub brings non-doc biometric identity verification to new markets

Biometric identity verification providers are expanding their market reach in various ways, including Sumsub’s support for users without ID documents…


Scottish Government emphasizes security of new platform for digital public services

Scotland is talking up the data security measures designed and build into ScotAccount, a single-sign on (SSO) service designed to…


Zambia, Namibia, Tanzania upgrade digital ID systems in concert with development partners

Zambia has carried out a major first step in its transition towards a modern legal and digital identity system, by…


Bermuda delays facial recognition deployment for national CCTV project

Bermuda’s government will not be deploying facial recognition capabilities in its CCTV system, at least for now, due to unspecified…


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