Tag: Digital Identity

Singapore-based ADVANCE.AI, which develops digital identity verification tools, is reportedly looking to raise $200m in funding.

A survey by FICO has found almost a quarter of UK-based respondents would move to a competitor if asked to visit branches or post documents when applying for an account.

As the number of people using services online has ballooned over the last year due to the onset of the Covid-19 pandemic, the threat posed by cybercriminals around the world has grown even stronger. How can companies and governments alike deal with this coming storm?

Norwegian digital identity specialist Signicat has bought customer authentication compatriot Encap Security for an undisclosed fee.

Investing platform HeyTrade has implemented Veriff’s global identity verification services as part of a new deal to improve onboarding.

US face matching platform FaceTec has partnered with identity verification company Onfido to combat the rising challenge of digital fraud.

The global physical identity and access management market size is projected to reach $1.1bn, growing at compound annual growth rate of 14.6% since 2019.

As the digital identity market is set for massive growth in the next five years, IdRamp is one of the companies hoping to leverage the increasing demand for these services by joining forces with Indicio.

Lithuanian identity verification company Ondato has scored $2m in seed capital to fuel its continued European growth, which has been powered by Covid-19.

Digital identity revenue for mobile network operators will exceed $8.1bn by 2025, rising from just $1.3bn in 2020, according to a report from Juniper Research.