FB pixel

Selfie biometrics companies score deals in betting, automotive and stock trading

Selfie biometrics companies score deals in betting, automotive and stock trading
 

Customer wins for CAF, 700Credit, Onfido and iDenfy demonstrate the breadth of applications selfie biometrics are being utilized for.

Brazilian digital identity verification company CAF will help GeoComply to bring its KYC and AML product IDComply to the country’s rising sports betting industry.

Brazil is preparing to regulate its huge betting gray market and international gambling platforms are readying themselves to handle the country’s 3,500 identity documents and sophisticated fraud. To maintain safe and compliant platforms, betting operators will need best-in-class identity verification solutions, says CAF’s CEO Jason Howard.

U.S. credit score and driver’s license authentication company 700Credit has announced an integration with F&I tool provider iTapMenu. F&I Menus offer finance and insurance products during a car sale.

As part of the deal, iTapMenu will gain access to 700Credit’s mobile driver’s license authentication platform QuickScan which scans mobile documents to provide car dealerships confirmation on a customer’s driver’s license and identity. The product also includes ID fraud detection, identity verification and selfie comparison to driver’s license image.

UK-based Onfido will provide its selfie biometrics authentication product Selfie Motion to online trade and investment platform eToro. The deal will help eToro users log in the platform in case they cannot log in after changing their phone number. The trading platform has over 35 million registered users in more than 100 countries.

Onfido recently launched its Compliance Suite which allows businesses to handle their compliance needs. The selfie biometrics company was recently acquired by Entrust.

Last but not least, iDenfy has a new client. Fiduciary services provider Fidesta will be using the company’s ID verification and AML tools to onboard customers.

iDenfy also recently sealed a deal with Czechia-based trading education platform FTMO. The Lithuanian biometric ID verification company says that it has saved nearly US$1.08 million for its partners in 2023 thanks to an offer that allows them to pay per approved verification.

Related Posts

Article Topics

 |   |   |   |   |   |   |   | 

Latest Biometrics News

 

Oxford program to study DPI impact on social, financial inclusion

Oxford University’s Blavatnik School of Government has announced the establishment of the Oxford Digital Public Infrastructure Research Lab (OxDPI), an…

 

Idemia makes OEM pitch for biometric modules

A recent webinar from Idemia Public Security looks at how original equipment manufacturers (OEMs) can integrate seamless security into devices…

 

ICE wants biometric monitoring devices for alternative to detention program

US Immigration and Customs Enforcement (ICE) issued a Request for Information (RFI) for biometric monitoring devices as part of its…

 

Biometrics coming to more stadiums with facial recognition tender in NSW

Venues New South Wales (VNSW) has issued a tender for facial recognition systems to be deployed at Stadium Australia (Accor…

 

FinGo supplying vein biometrics to boost gold mining transparency

SMX – a company operating in the so-called circular economy – is collaborating with finger vein biometrics firm FinGo in…

 

Biometric privacy law in Texas close enough to BIPA to protect Match

Just because you live in Illinois and a company has processed your biometrics without getting your informed consent, you may…

Comments

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