Oct 29, 2024

October 29, 2024 Two leading identity verification companies have announced significant developments in their technology offerings. Veriff, which has established itself as a pioneer in biometric authentication solutions , has launched Aadhaar Verification as an add-on to its identity verification (IDV) product, while Regula showcased breakthrough reference data capabilities for document verification at the INTERDOCPOL Congress. Veriff’s new Aadhaar Verification leverages India’s national digital identity system’s biometric and demographic data. The solution adds an extra layer of verification by utilizing the Aadhaar biometric registry, which has become India’s cornerstone of digital identity , containing data for over 1.3 billion people (more than 99 percent of India’s adult population). The integration allows businesses to improve accuracy and enhance fraud prevention when verifying Indian users. “Organizations must verify their users’ identities from all over the world and using many different identity documents. While Veriff already supports identity documents in India, Aadhaar Verification adds an extra layer of affirmation that utilizes the Aadhaar biometric registry, a trusted and independent data source to deliver higher assurance of identity verification,” explained Raul Liive, Staff Product Manager at Veriff. Meanwhile, at the 3rd International INTERDOCPOL Congress, Regula’s identity verification expert Inga Voronko highlighted the importance of comprehensive reference data in document verification. Building upon its established expertise in document validation , Regula’s Information Reference System contains over 337,000 images of more than 12,000 unique identity documents from 225 states and international organizations, making it the first reference system to cover IDs from every country and territory globally. The system’s images are captured under laboratory conditions using forensic devices with high optical resolution, allowing for detailed examination of security features like holograms, watermarks, and specific printing techniques. Multiple light sources are used to capture images, enabling verification across different spectrums to detect hidden or altered features. — Partners FaceTec’s patented, industry-leading 3D Face Verification and Reverification software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ finally make trusted, remote identity verification possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for 3D Liveness and Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com AuthenticID provides 100% automated identity verification and fraud detection solutions that are leveraged by companies worldwide, including 2 of the top 3 U.S. Banks, 8 out the top 10 wireless providers in North America, and 2 of the 3 credit bureaus. Using proprietary computer vision and machine learning technology, these solutions help companies accurately verify the identity of their users across retail, digital and call center environments for onboarding and ongoing re-authentication events; KYC, IAM, and more. The solutions are easy to integrate and provide customers a large ROI by stopping fraud losses, increasing customer conversion at onboarding, reducing operational costs and allowing quick and cost-effective operational scalability, all while ensuring global privacy regulations are complied with. https://www.authenticid.com/ Anonybit is a privacy-focused technology platform that provides decentralized solutions for securing personal data, particularly biometric information. Rather than storing sensitive data in centralized repositories, which are vulnerable to breaches, Anonybit uses a distributed architecture that breaks data into smaller encrypted bits and stores them across a network of decentralized nodes. This approach ensures that no single entity has access to the full dataset, enhancing privacy and security, even preventing insider threats. Anonybit is used by leading banks, fintechs and other enterprises for critical biometric identity functions like deduplication and blocklist checks, step up authentication, passwordless login and account recovery https://anonybit.io/ Identity Week aims to be a significant identity industry catalyst. It’s our mission is to help accelerate the move towards a world where trusted identity solutions enable governments and commercial organisations to provide citizens, employees, customers and consumers with a multitude of opportunities to transact in a seamless, yet secure manner. All the while preventing the efforts of those intent on doing harm. https://identityweek.net/ The Biometric Digital Identity Prism is a market landscape framework designed to help influencers and decision makers understand, innovate, and implement digital identity technologies and solutions. This innovative framework for understanding and evaluating the rapidly evolving biometric digital identity marketplace is the only market model that is truly biometric-centric based on the foundational conviction that in the age of digital transformation the only true, reliable link between humans and their digital data is biometrics. https://www.the-prism-project.com ID R&D is an innovator of biometric facial liveness, document liveness, and voice biometrics. Ranked #1 by NIST, our patented passive approach to liveness, and specialized detection of voice clones, injection attacks and deepfakes, empowers KYC and authentication systems with fast, accurate and secure biometric verification technologies. Over 140 partners in more than 70 countries are collectively processing hundreds of millions of identity checks per year. ID R&D solutions easily integrate with mobile, web, messaging, smart speakers, set-top boxes, and IoT devices. Learn more: www.idrnd.ai