Acuant has formally completed its acquisition of IdentityMind. The two companies have been strategic partners in the past, though the acquisition is obviously a more permanent arrangement. The acquisition will allow Acuant to integrate IdentityMind’s Digital Identity Platform into its own Trusted Identity Platform to offer a more comprehensive digital identity and fraud prevention solution.…
Yoti is highlighting the utility of its contactless age verification solution in the midst of the COVID-19 pandemic. The company notes that its digital IDs allow convenience store employees to conduct age checks without ever handling someone else’s physical ID card, making it a more sanitary option that can help stop the spread of the…
San Francisco-based Proxy has announced it has raised $42 million in a Series B funding round led by Scale Venture Partners, and with participation from existing investors Kleiner Perkins and Y Combinator. Proxy aims to use the financing to fuel a rapid expansion of its identity signal solution, while growing its international footprint across Asia,…
The Ottawa-based Bluink has officially released a new digital identity app for Ontario residents. The app is available for iOS and Android devices, and is backed by the Ontario Ministry of Economic Development, Job Creation and Trade, which provided $1.2 million in development funding. The app itself has been dubbed eID-Me, and it allows residents…
Verizon is expanding its security portfolio with a collection of new products that were designed to help companies guard against various forms of cybercrime. The new offerings included Verizon Managed Detection and Response (MDR), Verizon Identity (VID), and Verizon Machine State Integrity, in addition to an upgraded Rapid Response Retainer. So what do the new…
The Sovrin Foundation is moving towards its own cryptocurrency with the introduction of a new Sovrin Token for its open source Sovrin Network. For the moment, the Sovrin Token is still in the public testing phase, and is available to interested parties through Sovrin’s self-serve testing portal on the BuilderNet and StagingNet Sovrin Networks. In…
This week’s roundup of Mobile ID World’s top stories is a smartphone-heavy one, featuring Samsung, Apple, 5G tech and more. The most popular article of the week was, in fact, first published last week – but the launch of Samsung’s latest flagship smartphone is big news, and readers have shown a sustained interest in it.…
MarketsandMarkets has released a new report that predicts that the market for Digital Identity Solutions will more than double between 2019 and 2024. The market will display a CAGR of 17.3 percent and climb from $13.7 billion to $30.5 billion in that forecast window. The firm credited much of that growth to the rising demand for more…
The Republic of North Macedonia has partnered with Mastercard to launch a new digital identity initiative in the country. The program is intended to boost North Macedonia’s digital economy, and to make it easier for citizens to gain access to public and private services. North Macedonia recently enacted new digital identity regulations, and its program…
Yoti is once again trying to use its technology for good with the launch of a new Humanitarian Tech Support Programme. Through the Programme, Yoti will lend its expertise to humanitarian organizations to enable them to develop and deploy technology solutions that better meet the needs of the people they are trying to help. The…
Yoti Digital Identity Fellow Tshepo Magoma has issued his second field diary from South Africa. Magoma was one of three Fellows selected through Yoti’s new Fellowship Programme, through which he is examining the human rights implications of South Africa’s national Smart ID initiative. His first dispatch came in November, and detailed the scope and goals…
Yoti is getting into the concert business through its partnership with Native. Native is an app that makes concert and event tickets more readily available to students, and it is teaming up with Yoti to promote a British tour featuring the DJ duo Sigma. While Sigma is the headlining act, the tour itself is set…
BIS Research has released a new report that suggests that the rising demand for decentralized identity (DID) solutions will lead to major gains in the global DID market. The research firm specifically believes that DID tech will gain traction as people and institutions try to address the privacy concerns inherent in many of the identity…
“Called Mi Argentina, the app essentially offers a smartphone-based replica of a given citizen’s official ID card.” HID Global has helped the Argentinian government to develop what it’s calling the world’s first mobile-based national ID credential. Called Mi Argentina, the app essentially offers a smartphone-based replica of a given citizen’s official ID card. The country’s…
Yubico is expanding its footprint in the European marketplace. The company is currently deploying YubiKeys for a number of national identity projects that are intended to meet the strong security standards that were introduced with the Electronic Identification, Authentication and Trust Services (eIDAS) regulation in 2014. To that end, the YubiKey leverages FIDO2 technology to…
Mastercard is moving forward with a pilot of a new digital identity service that would facilitate secure identity checks in digital and real-world settings. The first tests will be carried out in Australia, and specifically at the Australia Post and Deakin University. The new solution was designed as a replacement for physical ID documents. To…
Jumio has released its annual Holiday New Account Fraud Report, finding that new account fraud has doubled in the years since 2014, and increased 27.8 percent over 2018 alone. Fraud rates were generally higher in emerging markets than they were in more developed areas. For the purposes of the report, new account fraud occurs…
Deloitte is trying to raise awareness about digital identity best practices while simultaneously calling attention to some of the main challenges facing businesses and other large organizations. The company notes that many organizations are still utilizing out of date legacy technology, and that those organizations will need to overcome institutional inertia in order to protect…
Cybersecurity firm Buguroo has announced an $11 million dollar Series A funding round that will help it to accelerate the development of its Deep Learning-based online fraud detection and prevention platforms, and allow it to focus on an expansion into the U.S. and U.K. markets, among others. The funding for the Madrid-based Buguroo was led…
