Latest news with #identityVerification
Yahoo
3 days ago
- Business
- Yahoo
Microblink Appoints Radu Tudoran as Vice President of Engineering
BROOKLYN, N.Y., June 04, 2025--(BUSINESS WIRE)--Microblink, a leader in document scanning and verification technology, is pleased to announce that Radu Tudoran has joined the leadership team as Vice President of Engineering. In this role, Tudoran will lead the engineering organization, driving the expansion and enhancement of Microblink's cutting-edge fraud and identity verification solutions to ensure the continued delivery of world-class products to its global client base. Tudoran brings more than 15 years of experience in technology innovation, with a career spanning top research institutions such as INRIA and the U.S. Argonne National Laboratory, as well as industry giants including Microsoft, Huawei, Amazon, and Onfido. His expertise lies in innovating and scaling cloud and big data services, SaaS platforms, and advanced machine learning products designed for complex enterprise environments. Throughout his career, Tudoran has led initiatives across a wide range of domains, including high-performance cloud streaming and real-time fraud detection systems, as well as business services for promotions and taxonomy management. He has also played a key role in building robust SDK platforms and developing AI-powered Know Your Customer (KYC) and fraud prevention technologies. He is passionate about turning visionary ideas into tangible, market-ready solutions that deliver measurable impact. "We're confident Radu will make a powerful addition to our leadership team," said Hartley Thompson, Microblink's President and COO. "His impressive background in building enterprise-grade platforms and pioneering AI-based identity solutions will be instrumental in advancing our product capabilities and driving our strategic goals." Tudoran commented, "I'm excited to join an amazing team of world-class talent that is continuously pushing the boundaries of what's possible with an impressive portfolio of innovative solutions. I look forward to helping strengthen and expand Microblink's solutions further to support the identity industry in combating fraud and deepfakes." About Microblink Microblink builds proprietary AI solutions for identity verification and payment fraud, empowering businesses worldwide to improve customers' digital experiences. With more than 12 billion documents processed from over 180 countries, the flagship Microblink Platform is used across industries to onboard more real customers, optimize KYC/AML workflows, and minimize fraud, enabling organizations to make online interactions safer and easier. View source version on Contacts Paul WilkeUpright Position Communications on behalf of Microblinkpaul@ +1-415-881-7995 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Veriff Launches AI-based Proof of Address Solution to Enhance KYC Processes
The PoA product is improving how regulated industries verify users' addresses with speed, accuracy, and global reach. Amsterdam, June 03, 2025 (GLOBE NEWSWIRE) -- Veriff, a global AI-native identity verification company powering trust infrastructure online, today announced the launch of its enhanced Proof of Address product. The fully automated solution validates users' addresses and helps regulated businesses, particularly in financial services, meet Know Your Customer (KYC) and customer due diligence (CDD) obligations while reducing user friction, manual processes, and business risk. With increasing regulatory pressure across financial services, gaming, and other compliance-sensitive sectors, the Veriff AI-based Proof of Address (PoA) solution makes it quick and efficient for organizations to accurately verify their users' addresses using document-based or non-document-based address verification. 'As industries race toward digital transformation, proof of address checks often remain manual and slow, yet it's an important step in building trust and meeting regulations,' explained Oana Barbacaru, Senior Product Manager at Veriff. 'Our new AI-based solution delivers a decision in less than 30 seconds, with top-tier accuracy and built-in fraud prevention. It's reliable, fast, reduces friction - built for the future of KYC,' she added. 'Proof of address is a requirement for enabling certain features on our platform. Faster processing times improve the customer onboarding experience, allowing users to access key features sooner and increasing conversion to deeper product engagement,' said Adick Renner, Product Manager at VALR. Verifying a user's current residential address is a crucial step in the identity verification process, distinct from checking an identity document. Veriff's Proof of Address links an individual to a specific geographical location, adding an important layer of assurance during identity verification. Veriff PoA can be applied to use cases such as: Customer onboarding in banking, fintech, and gaming Right-to-work checks and employee onboarding User verification for home-sharing and gig platforms Address confirmation for insurance policies and risk assessments Location-based compliance in gambling and gaming Key features of Veriff PoA include: Rapid Results: response with less than 30 seconds, improving onboarding speed and reducing user drop-off Global Reach: recognizes documents in over 40 languages across major global scripts, including Arabic, Cyrillic, Japanese, and Latin. Document Tamper Detection: advanced, multi-layered checks detect signs of tampered, fake, or reused documents to reduce the risk of fraud. Non-Document-Based Verification: this option verifies addresses against trusted third-party databases, reducing the need for document uploads. Integration Flexibility: the solution can be incorporated into existing onboarding processes or used for standalone checks. About Veriff Veriff is a global identity verification platform helping businesses build trust online. Our AI-native technology combines automation and human expertise to quickly and accurately verify users worldwide with minimal friction. Trusted by leading companies like Blockchain, Bolt, Deel, Monzo, Starship, Trustpilot, and Webull across finance, marketplaces, mobility, gaming, and other industries. Our trust infrastructure helps businesses stay compliant, prevent fraud, protect users, and scale globally, enabling a safer, more transparent internet for everyone. CONTACT: Veriff press@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Red Violet, Inc. (RDVT): A Bull Case Theory
We came across a bullish thesis on Red Violet, Inc. (RDVT) on @WelfareCapLLC on X (Twitter). In this article, we will summarize the bulls' thesis on RDVT. Red Violet, Inc. (RDVT)'s share was trading at $49.28 as of 23rd May. RDVT's trailing P/E was 80.79 according to Yahoo Finance. An executive shaking hands with a customer as they seal a major Identity Verification Services deal. Red Violet (RDVT) is a high-conviction long idea in the data processing and identity verification space, with shares up 70% since the initial pitch in September. The company, with a $686 million market cap, offers data solutions to verticals such as law enforcement, collections, fraud prevention, corporate risk, and real estate. The management team—together for over two decades—built the core data products behind giants like TransUnion and LexisNexis, and has now created a superior, cloud-native platform that is taking market share rapidly. RDVT's advantage lies not just in data quantity, but in its ability to refine, link, and deliver high-throughput, accurate insights to customers. The company manages both proprietary and licensed datasets covering virtually every U.S. adult, including sensitive information like SSNs, addresses, and criminal records. Long-term, fixed-cost contracts for licensed data mean nearly every incremental dollar of revenue comes with extremely high margins. With over 70% of revenue contractually recurring and 96% gross retention, the business exhibits strong SaaS-like characteristics. RDVT is also seeing dramatic operating leverage, with Q1 operating margins rising 8 points to 19% and operating income growing 110% on 26% revenue growth. Despite trading at 80x TTM earnings, continued high earnings growth justifies the valuation. The company remains under-the-radar, with minimal analyst coverage and low trading volume, partly due to its Boca Raton location. However, a clean balance sheet, $34 million in cash, insider ownership, key talent acquisitions, and even a recent special dividend support a strong bull case. The stock remains a top 10% position with expectations of exceeding a $1 billion valuation. Red Violet, Inc. (RDVT) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 14 hedge fund portfolios held RDVT at the end of the fourth quarter which was 12 in the previous quarter. While we acknowledge the risk and potential of RDVT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than RDVT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
27-05-2025
- Business
- Associated Press
Regula Rolls Out Personal Data Masking Across All Solutions for Easier Privacy Compliance
RESTON, Va.--(BUSINESS WIRE)--May 27, 2025-- To help organizations stay ahead of tightening data privacy regulations, Regula, a global developer of identity verification solutions, has extended its personal data masking functionality toRegula Forensic Studio (RFS), software that powers forensic devices. This new update helps document experts protect personal data with a single click, meeting growing privacy demands without disrupting workflows. This press release features multimedia. View the full release here: Regula adds one-click personal data masking to all ID verification tools. With a single click on 'Depersonalize' in Regula Forensic Studio, personal information like names, photos, and ID numbers is automatically blurred—helping businesses meet GDPR and global privacy standards. (Photo: Regula) Already available in Regula Document Reader SDK, the personal data hiding feature is now also a part of the RFS toolset used by border control officers, forensic professionals, and law enforcement agencies. This means the entire Regula ecosystem—from real-time ID verification to in-depth forensic analysis—now supports robust privacy controls natively. This enhancement comes at a time when compliance is not just a checkbox, but a business-critical imperative. According to Regula's global survey, 28% of companies cite regulatory compliance as the primary reason for implementing identity verification solutions. Among large enterprises, that figure rises to 35%. The new capability allows document experts to easily blur or hide personally identifiable information (PII), such as names, photos, and ID numbers, directly within forensic workflows. This ensures that sensitive data is handled responsibly while meeting strict global requirements like GDPR, CCPA, and others. 'Regula's forensic tools are trusted by professionals who handle the most sensitive identity documents, so privacy and compliance can't be an afterthought,' said Ihar Kliashchou, Chief Technology Officer at Regula. 'With one-click data masking now built into our ID verification tools, experts can instantly anonymize personal information during analysis, enabling secure, compliant workflows for audits, training, or database creation, without sacrificing speed or accuracy.' What else is new in Regula Forensic Studio? In addition to the personal data masking feature, the latest RFS release includes 40+ updates focused on speed, customization, and forensic precision: For more information about Regula Forensic Studio and its latest features, please visit Regula's official website. About Regula Regula is a global developer of forensic devices and identity verification solutions. With our 30+ years of experience in forensic research and the most comprehensive library of document templates in the world, we create breakthrough technologies for document and biometric verification. Our hardware and software solutions allow over 1,000 organizations and 80 border control authorities globally to provide top-notch client service without compromising safety, security, or speed. Regula has been repeatedly named a Representative Vendor in the Gartner® Market Guide for Identity Verification. Learn more at View source version on Kristina –[email protected] KEYWORD: VIRGINIA EUROPE UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: DATA MANAGEMENT BANKING TECHNOLOGY PROFESSIONAL SERVICES ONLINE PRIVACY SMALL BUSINESS SECURITY SOFTWARE INSURANCE HARDWARE FINANCE SOURCE: Regula Copyright Business Wire 2025. PUB: 05/27/2025 07:30 AM/DISC: 05/27/2025 07:31 AM
