Identity verification stories

LexisNexis Risk Solutions has acquired IDVerse, enhancing its AI-powered risk and fraud solutions to bolster identity verification and onboarding processes.

Research from iProov reveals a staggering 99.9% of consumers struggle to recognise deepfakes, raising alarms over identity fraud and misinformation.

A survey by Sumsub reveals that deepfakes pose a significant threat on UK dating apps, with 75% of users suspecting AI manipulation.

Prenetics has teamed up with Humanity Protocol to launch a blockchain-based identity verification service via its CircleDNA platform, enhancing secure digital interactions.

Kapwork has launched its innovative Kapwork Verify platform to automate invoice factoring, claiming a potential 20% cut in operational costs for businesses.

Sinch has joined forces with Aduna to enhance global access to mobile network capabilities, driving innovation in digital communications and security.

Encompass has unveiled its EC360 platform to revolutionise corporate client verification in banking, addressing outdated processes amid rising competition.

Credas Technologies in Cardiff has seen a remarkable 40% surge in its customer base, surpassing financial targets by 60% as it prepares for international growth.

Entrust has launched a new AI-based identity verification service to help businesses tackle rising online fraud, which cost US firms USD $112 billion in 2024.

Microblink has reported robust growth in 2024, buoyed by rising demand for its identity verification solutions and expanded integration on Google Cloud.

Bureau has raised USD $30 million in a Series B funding round, aiming to tackle the global fraud crisis, which costs USD $486 billion each year.

As AI's influence grows, the cybersecurity landscape will face new regulations and challenges by 2025, urging firms to adapt to dynamic compliance measures.

iProov has integrated its biometric authentication platform with Microsoft Entra ID, enhancing security for over 345 million users against identity fraud.

Authsignal has launched its innovative Palm Biometrics Identity Experience Terminal, integrating palm biometrics with mobile driver's licenses for secure identity verification.

iProov forecasts that by 2025, deepfake technology will threaten news integrity and financial markets, prompting urgent calls for stronger identity verification.

AI-driven fraud threatens to undermine Black Friday and Cyber Monday shopping, with UK scams costing victims over GBP £11.5 million last year.

Human-rights charity Sex Matters warns that inaccuracies in UK government records about sex could jeopardise the Data Use and Access Bill's integrity.

Jumio has appointed Mike Nawrocki as Chief Revenue Officer, bringing over 25 years of sales leadership to enhance its identity verification solutions.

Ping Identity has achieved a remarkable 31% year-on-year growth in Annual Recurring Revenue, now approaching USD $800 million amidst industry recognition.

Security experts warn of heightened cyber threats by 2025, including AI-driven attacks and vulnerabilities from quantum computing advancements.