The formation of a Reusable Digital ID Network by Select ID, SQR, Luciditi, and ShareRing aims to enhance remote customer onboarding in UK financial services. By complying with evolving KYC regulations, the initiative focuses on improving identity verification processes and overall customer experiences. The partnership also aims to integrate emerging technologies to restore consumer trust…
Select ID, SQR, Luciditi, and ShareRing have partnered to launch the Reusable Digital ID Network aimed at improving remote customer onboarding in UK financial services. This collaboration focuses on identity verification compliance, enhances customer experiences, and promotes the use of reusable IDs. Utilizing advanced technologies like biometrics, the initiative aims to combat declining consumer trust…
The Identity and Payments Summit highlighted the merging of identity and payment systems, focusing on digital wallets and mobile driver’s licenses (mDLs). With 59% wallet usage among consumers, the trend shows a blurring of lines between payments and digital ID. Interoperability remains a concern, particularly for mDLs. Insights on biometrics suggest they play a crucial…
Clearview AI is facing a proposed settlement in a biometric data privacy lawsuit that would grant plaintiffs a 23% stake in the company. Judge Sharon Johnson Coleman expressed concerns about Clearview’s opt-out policy and the company’s financial struggles. Some plaintiffs are opposed to accepting equity from Clearview, preferring the company be held accountable, potentially through…
The Detroit Pistons are working with ID.me to implement a biometric verification system aimed at enhancing fan experience. This initiative ensures that tickets and perks are accessible only to real fans, protecting them from bots and fraud. ID.me’s digital identity tools are crucial for this, promising a smoother experience for attending games and accessing benefits…
The National Identification Authority (NIA) of Ghana aims to upgrade the Ghana Card to support multiple functions like mobile payments, banking services, and identity verification. Acting CEO Yayra Koku outlined plans to enhance service delivery and financial inclusion while stressing the importance of biometric verification to combat identity theft. With over 17 million cards issued,…
NIMC and NIBSS will launch a new multipurpose biometric ID card to streamline identity verification in Nigeria. This card will address various social and economic issues with features such as biometric authentication, long validity, and both online and offline capabilities. It aims to enhance access to government services and boost financial inclusion for Nigerians. The…
Dentity acquires Trinsic’s decentralized identity platform to scale its consumer-focused digital identity wallet, enhance user control over personal data, and accelerate adoption of verified identities, addressing consumer distrust in Big Tech. Dentity, a California-based provider of self-sovereign identity solutions, has announced the acquisition of Trinsic’s decentralized identity platform, called “Ecosystems.” This strategic move aims to…
