Latest news with #digitalidentity
Yahoo
3 days ago
- Business
- Yahoo
Socure and Baselayer Partner to Deliver Next-Gen Business Identity Verification via RiskOS™
INCLINE VILLAGE, Nev., Aug. 7, 2025 /PRNewswire/ -- Socure, the leading provider of AI-powered digital identity verification, compliance, and fraud prevention solutions, today announced a strategic partnership and integration with Baselayer, the market-leading Business Identity, Credit, and Fraud provider. By embedding Baselayer's high-fidelity business verification and fraud signals into the RiskOS™ platform, the partnership enables Socure customers to onboard 100% of good business applications. The collaboration showcases Socure's commitment to growing its partner ecosystem and allowing any 3rd party data service to be integrated into the RiskOS platform. Currently, RiskOS offers over 85 pre-integrated services. Designed from the ground up, RiskOS is an extensible risk decisioning platform that integrates any best-in-class data source, empowering customers to configure real-time workflows and make confident decisions with unparalleled speed and precision. "RiskOS was purpose-built to be the most open, intelligent, and powerful decisioning platform in the industry," said Johnny Ayers, Founder and CEO of Socure. "Our vision is to empower organizations to make the most precise risk decisions, seamlessly and at scale, by integrating effortlessly with any system or service they choose to rely on. The addition of Baselayer's consortium data further strengthens RiskOS' KYB capabilities, accelerating the onboarding of legitimate businesses while proactively stopping fraud before it starts. This is how our customers grow with confidence and scale fast." By integrating Baselayer's business identity network, which aggregates fraud and risk signals from over 2,200 financial institutions, into RiskOS, Socure customers gain access to one of the most comprehensive business verification datasets in the industry. Combined with Socure's network of 3,000 customers, the partnership now touches approximately 40 percent of the U.S. financial services market. This expanded intelligence enables earlier fraud detection, reduces false positives, and increases automation in complex KYB workflows. The outcome is faster revenue capture, improved compliance, and a streamlined onboarding experience for both traditional businesses and sole proprietors. "Our mission is to unify and de-risk the fragmented business identity landscape," said Jonathan Awad, Co-Founder & CEO of Baselayer. "Partnering with Socure brings our insights to an industry-leading decisioning layer, delivering smarter verification and risk decisions at scale." As highlighted in Liminal's 2025 Business and Entity Verification Report, Socure and Baselayer were both named among the top 20 leaders shaping the future of KYB. The report recognized Socure's RiskOS platform for its automation, integration flexibility, and end-to-end capabilities in identity, fraud, and business verification. Read the full report here. The Socure-Baselayer integration marks the latest expansion of the RiskOS partner ecosystem, which now includes over 85 pre-integrated data providers. This collaboration delivers immediate impact across industries where business verification is critical. In banking and lending, institutions can accelerate KYB and underwriting with higher auto-approval rates and fewer false positives. Fintechs and B2B SaaS platforms can fight promotional abuse and duplicate account creation using Baselayer's fraud signals layered into RiskOS workflows. Marketplaces gain a more efficient path to verifying sellers and service providers at scale. And government agencies can streamline grant disbursements and contract vetting with unified business and UBO verification - all through a single, flexible API. About SocureSocure is the leading platform for digital identity verification, compliance and fraud prevention solutions, trusted by the largest enterprises and government agencies to build trust and mitigate risk. Leveraging AI and machine learning, Socure's industry-leading platform achieves the highest accuracy, automation, and capture rates in the industry. With last year's acquisition of Effectiv, Socure launched its RiskOS™ platform to offer end-to-end decisioning and orchestration for identity fraud and payment risk management, integrating advanced transaction monitoring, credit underwriting and know-your-business (KYB) solutions into its platform. Serving more than 3,000 customers and 190+ countries across financial services, government, gaming, healthcare, telecom, and e-commerce, Socure's customer base includes 18 of the top 20 banks, the largest HR payroll providers, the largest sportsbook operators, 58 organizations across the public sector, and more than 600 fintechs. Leading organizations including Capital One, Uber, Angi, Citi, Chime, SoFi, Green Dot, Robinhood, Dave, Gusto, Poshmark, DraftKings, PrizePicks, the State of California and many more trust Socure to deliver certainty in identity across onboarding, authentication, payments, account changes, and regulatory compliance. Learn more at About BaselayerBaselayer is the leading business identity network and fraud consortium, offering KYB, risk, and legal signals through real-time APIs. Serving over 2,200 financial institutions, Baselayer's solutions deliver trusted verification, proactive fraud detection, and compliance-ready insights. Learn more at View original content to download multimedia: SOURCE Socure
Forbes
31-07-2025
- Business
- Forbes
Age Verification For Adult Services Began This Week In The UK
It has been a big week for the digital identity sector in the UK this week because of the imposition of age verification for adult services. This means that I've been thinking about such services a lot this week. I realise it is a sensitive topic to cover in family-oriented publication, but it is important, so I will do my best to highlight the implications without offending. Age Verification Is A Sensitive, But Important Topic Let me begin at the beginning. I remember seeing a tweet from Gillan Branstetter, Communications Strategist at the ACLU's Women's Rights Project in which she said that "The biggest red flag to me about crypto is most sex workers wanted nothing to do with it. I would trust a single sex worker on digital finance and security more than a conference hall of VCs and tech bros'. This tweet stuck in my mind at the time because I was curious as to whether the evident demand for adult services would translate into a demand for cryptocurrency. I just logged in to a popular adult side to create an account for research purposes — not in my real name, of course — and found that I could choose between Bitcoin, Ethereum, Ripple, Tether and some other cryptocurrencies to pay with. Not that I bothered with any of them, because using cryptocurrency is such a hassle, but it did make me wonder whether there is now any real take up of cryptocurrencies in the adult sector. It seems not, by the way: a quick survey of the available literature would seem to indicate that adult services represent a tiny fraction of Bitcoin transactions, for example. That in turn reminded me of the BBC's excellent documentary on the technology of the modern payment card (The Secret Genius of Modern Life Series 1: Bank Card), in which the presenter Hannah Fry explored the role of the adult sector in the evolution of the modern bank card industry. She made the point that rampant chargebacks for adult services of all kinds in the early days of the internet drove the rapid development of authorisation and authentication techniques for 'card not present' transactions. Why do I remain so fascinated by this history? Well, as one adult industry executive summarised rather nicely for the Financial Times: The story of the porn industry is the story of trying to take payments. Indeed. And I remember a very interesting Slate podcast that touched on this, featuring Samantha Cole talking about her book 'How Sex Changed the Internet, and the Internet Changed Sex'. She made the point that a great many payment-related innovations came directly from the demands of the adult sector: subscriptions, paywalls, online card use and so on. These people have a point: adult services have pushed the development of new technologies is well-established and it is clearly especially true about the world of payments. (As an aside, I don't know if you've ever seen the movie Middle Men, but it's an enjoyable 2009 fictionalised version of the story of the men who invented online commerce by figuring out how to take credit card numbers over the internet. The adult industry was early into the space, has constantly evolved paid content technology and business models, and has all sorts of experience with anti-fraud techniques and all the rest of it. And it is certainly true that well beyond the internet, the demands of the adult sector have driven technological development. The movie, by the way, has an amazing backstory, because the producer Christopher Mallick was one of the real-life inspirations behind the film.) I am now beginning to wonder if adult services might also have a similar impact on the world of identity. The UK has just implemented age verification for adult services, in common with many US states, and the initial statistics seem to show a substantial uptake in the use of new identity technologies (not mention a substantial uptake in the use of Virtual Private Networks, VPNs. Proton, the Swiss-based company behind the top VPN app, said it had experienced a more than 1,800 per cent increase in daily sign-ups from UK-based users. Similarly, Nord said there had been a 1,000 per cent increase in UK purchases of VPN subscriptions.) So what is the impact on digital identity services? How exactly are the online checks being done? Well, under the UK's new Online Safety Act (OSA), the regulator has outlined age verification methods that it considers "highly effective' (which is the compliance benchmark). These are: Different services have chosen different subsets of this list and I am sure over the coming weeks they will begin to work out which combinations work best with given demographics, but the key takeaway for me is that with millions of monthly users, a substantial fraction of the British population will soon have experience in using age verification, and not only for adult sites. I am watching these dynamics closely, because age verification is a canary in the coal that raises serious questions about privacy protections. A database of people who visit pornographic sites, for instance, would be a rich target for scammers and extortionists. Thus, getting people used to credential-based transactions that are based on cryptography and not the storage of personally-identifiable information is a big win for both privacy and security. Adult Services As Trailblazer Of course, in time, the new identity technologies and the new payment technologies will come together. If I can have a pseudonymous wallet from (for example) my bank and I can use that wallet to hold stablecoins or central bank digital currency and I can use that money to visit an adult services site without adult site ever knowing my real name or any other personal details, and the money issuers having no idea who it was who used the currency at the site, then we have a much better infrastructure for the post-industrial always-on society and not only for adult services. For this to work, the wallet needs to provide two functions to the adult sites: a persistent and unique site-specific identifier, and a cryptographic proof that the wallet owner is over 18. Just as adult services drove the evolution of the online payments sector, so perhaps it will be the adult sector that drives the adoption of convenient and effective privacy-enhacing identity services just as it drove the adoption of convenient and effective payment services!
The Sun
31-07-2025
- Entertainment
- The Sun
Spotify threatens to DELETE accounts or face being blocked from popular features in huge shake-up
SPOTIFY is making strict changes to its popular music app that could see some accounts deleted in the wake of new UK age checks. The world's biggest music streaming platform has started showing popups asking people to confirm their age to access certain content meant for adults. 2 2 This can appear for things like a music video flagged as 18+. Users can choose to confirm their age by sharing a selfie or their ID, a move that's been seen across multiple sites in the last week to comply with the Online Safety Act. The new law is designed to protect children from easily stumbling across inappropriate material on the internet. Those who see the notification can choose to dismiss it - but doing so block them from using the feature they're trying to access. If a user does submit details to confirm their age and they're found to be under 18 the account "will be deactivated and eventually deleted" according to Spotify 's information page. "We are now expanding testing of improved age assurance technologies to select markets, utilizing our own internal age estimation technology and partnering with Yoti, a trusted digital identity company," the firm said. "This technology will help us identify if users are of eligible age to access some Spotify content and features." The UK's new Online Safety Act applies to any platform with content not deemed suitable for children. While this has mainly affected porn sites, other services such as Reddit have had to comply too with checks on pages considered too adult. Some 6,000 porn sites complied in time with the shake-up deadline last Friday. Spotify's new AI feature lets you ask it to make any playlist for you – but there's a trick to finding it in the app Ofcom is in charge of checking that websites follow the rules. Those that don't risk a hefty fine or being banned entirely from appearing in the UK. Today, the regulator launched its first investigation since it all came into force. It revealed that 34 porn sites are under investigation over concerns whether they have "highly effective age checks" in place. Robin Tombs, CEO at Yoti, which has created some of the age check systems in use, said: "We're proud to be working with Spotify to help create safer, age-appropriate experiences. ""Spotify fans can access and enjoy a broad array of features and content, whilst young people will be better protected from the risk of accessing inappropriate experiences. "We're excited to be working closely with the Spotify team on this innovative partnership - enhancing trust and safety for users around the world."
CBC
29-07-2025
- Business
- CBC
Digital identity copyrights + Protecting affordable rentals
The National breaks down Denmark's move to stop unauthorized deepfakes by allowing people to copyright their digital identities. Plus, how B.C. is trying to protect affordable rent.
Yahoo
29-07-2025
- Business
- Yahoo
SAVYINT Named First Official Technology Partner for IDEX's Next-Gen Access Cards
IDEX Biometrics ASA today announced its first official technology partner agreement with Savyint Group, a leading digital identity and trust services provider in Vietnam. This strategic agreement will bring IDEX's innovative biometric FIDO Access cards to market across Vietnam and Southeast Asia, marking a significant milestone in the company's commercial expansion and demonstrating market acceptance for IDEX's new product line in ID/Access. The agreement addresses the rapidly growing demand for secure digital authentication solutions in Southeast Asia, where organizations across finance, government, enterprise, healthcare, and education sectors are increasingly adopting passwordless authentication and zero-trust security frameworks. The global digital identity solutions market is experiencing explosive growth, projected to grow from $43.07 billion in 2025 to $153.63 billion by 2032, driven by escalating cybersecurity threats and regulatory compliance requirements. The FIDO authentication market specifically is expanding at an exceptional 24.4% CAGR, reaching an expected $5.72 billion by 2029, as organizations rapidly adopt passwordless authentication to combat rising phishing attacks and credential theft. Southeast Asia represents a particularly dynamic opportunity, with the region's digital economy already reaching $295 billion in 2024 and on track to become a $1 trillion market by 2030, while Asia Pacific is anticipated to register the fastest growth rate in digital identity solutions globally. The IDEX Total Access card represents a breakthrough in secure authentication technology, combining the convenience of traditional access cards with advanced fingerprint biometric authentication. These FIDO-certified cards eliminate the need for passwords while providing the highest levels of security through on-card biometric matching. Users simply place their finger on the card's integrated sensor for instant, secure authentication to access digital services, making it ideal for enterprise access control, secure login applications, and digital identity verification across multiple platforms. "Digital trust represents the confidence users place in people, technology, and processes to create a secure digital ecosystem," said Mr. Steve Hoang – CTO & Chairman at Savyint Group. "IDEX's biometric FIDO Access cards enable us to significantly strengthen and expand our identity solutions portfolio, providing the robust authentication foundation that transparent and secure digital services require." "Savyint Group has established itself as a trailblazer in digital identity and trust services throughout Vietnam and APAC, with an impressive customer base spanning finance, government, enterprise, healthcare, and education," said Anders Storbråten, CEO of IDEX Biometrics. "Their proven expertise in customer authentication and commitment to building comprehensive digital trust ecosystems makes them an ideal partner for introducing our biometric access technology to this dynamic market." This agreement represents a crucial step in building IDEX's distributorship channel strategy, providing a proven go-to-market pathway for the company's Total Access cards in the high-growth Southeast Asian region. The agreement positions both companies to capitalize on the accelerating shift toward biometric authentication solutions while establishing a foundation for broader regional expansion. About SAVYINT Savyint is an IT security company based in Sydney, Australia with an R&D center in Hanoi and international offices in Singapore, Dubai, Ho Chi Minh City (Vietnam), and Sofia (Bulgaria). With over 20 years of experience, Savyint is among the world's leading IT companies, providing software platforms, system solutions, and services for digital transformation. Its expertise includes open banking, information security, and FinTech, particularly in the Finance & Banking, FSI, Government, Manufacturing, Telecommunications, Healthcare, Education, and Media sectors. Website: About IDEX Biometrics IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit For further information, please contact: Anders Storbråten, CEO and CFO, Tel: +47 416 38 582 E-mail: ir@ About this notice: This notice was issued by Kjell-Arne Besseberg, COO, on July 29, 2025 at 08:00 CEST on behalf of IDEX Biometrics ASA. This information is subject to the disclosure requirements pursuant to the Norwegian Securities Trading Act section information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
