The Digital Identity Blog

In today's interconnected world, where the internet plays a pivotal role in our daily lives and businesses, the importance of cybersecurity cannot be overstated. With an ever-evolving landscape of digital threats, organizations and individuals are continually seeking innovative solutions to safeguard their data, assets, and privacy. One such game-changing technology that has emerged to bolster cybersecurity efforts is Artificial Intelligence (AI). In this blog post, we will explore the reasons why AI can be highly beneficial for cyber security.

Money 20/20 Europe was a wonderful experience with an impressive lineup of keynote speakers, sponsored talks, events, and a great conference floor layout. Attendees represented leading fintech companies, with many delivering outstanding presentations that unveiled fresh perspectives and highlighted emerging trends in fraud prevention, back and front office efficiencies, and much more. Their knowledge and insights helped us solidify our market stance and differentiation in this ever-evolving fintech landscape. 

In today's digital age, speed and efficiency are expected in all areas of life, including education. The New Mexico Higher Education Department recognized the need for a streamlined solution to improve its closed school transcript repository process. The previous platform was inefficient and semi-manual, taking up a significant amount of time and resulting in backlogs and delays. 

As with most start-up technology firms, Verif-y was founded with a clear mission to solve a pressing problem – to protect the identity of individuals, as well as protect our partners from fraud. Along the way, we have found that we can solve many challenges in various sectors with our reliable, accurate, and fast identity verification solutions. In doing so, we help our partners eliminate paper processes (thereby reducing the risk of identity theft that comes with storing Personally Identifiable Information for years on paper documents). 

Biometrics and liveness detection are two key technologies for identity verification and authentication. While biometrics are widely used for ensuring secure access to devices, applications, and sensitive information, the need for liveness detection has been on the rise due to hackers attempting to circumvent the biometrics authentication using ‘spoofing’. There are key differences between biometrics and liveness detection that are often missed, or simply mistaken.

Last month Verif-y'sfounder and CEO, Ed Zabar, had the honor of attending the largest financial B2B expo in the world, iFX Dubai.  

The New Year is a time for reflection and renewal, and at Verif-y, we're thrilled to report that 2022 was a year of significant growth and success for our company.

Digital identity has come a long way in the past decade, particularly within the financial industry. Ten years ago, most financial institutions relied on traditional methods of identification, such as presenting a physical driver's license or passport when opening a bank account or applying for a loan. While these methods were effective, they were also time-consuming and prone to fraud.

Liveness is quickly becoming an essential part of the identity verification process. However, before delving into what liveness is and the benefits associated with it, we need to take a step back and look at the larger picture. Why is liveness needed when we have comprehensive identity verification solutions already? How is fraud detection limited? Only then will we truly understand the need for liveness detection in our solutions. 

Digital identity is becoming increasingly important in today's world, especially in the Supply Chain Industry. With the rise of blockchain and decentralized technologies, it is now possible to create secure, verifiable digital identities that can be used to track and verify the movement of goods through the supply chain.