Digital Identity Friday Five: May 24, 2024

Covering the most interesting news for the week of May 18 to May 24

Today is Friday, May 24. Here are five things in #digitalidentity that I found interesting this week

1/ Trinsic Launches First Identity Acceptance Network

Trinsic launched the world's first identity acceptance network in partnership with dozens of #identityproviders including CLEAR, IDVerse - An OCR Labs Company, Yoti, Airside, an Entrust Company, & Dentity

Congrats, Riley Hughes and team!

#reusableID

2/ Footprint Raises $13M Series A led by QED Investors

Footprint, a startup unifying #KYC (Know Your Customer), security and #authentication to automate consumer onboarding and reduce identity fraud announced a $13 million Series A this week

Huge congratulations to Eli Wachs 👣 & Alex Grinman on the phenomenal progress!

Been following your company since your Seed raise, looking forward to watching your next phase

3/ Socure: Lack of Financial Footprint Locks Millions Out of the Modern Economy

Socure unveiled a research study finding that 35% of #GenZ in the US and nearly a third of legal immigrants are "Digital Ghosts" - those without enough financial footprint to pass through identity verification

Link to download their report is below 👇

4/ AU10TIX Risk Assessment Model Exposes Critical Vulnerabilities in Identity Verification Processes

AU10TIX launched a free 10 question / 5-minute Risk Assessment Model that enables businesses to conduct an initial assessment of their exposure to operational, security and identity fraud risk

#risk #operations #fraudprevention

5/ Veratad Partners with OneID® to Offer Document-Free Identity Verification for UK Citizens

"The enhanced Veratad IDMax solution with OneID technology will support any business needing to verify the age and identity of their UK customers, including those in fintech, finance, social media, gaming, and age-restricted e-commerce"

#ageverification #compliance #docfreeidv

#fridayfive

*** LINKS

TRINSIC: ​​https://www.accesswire.com/865783/trinsic-launches-first-identity-acceptance-network

FOOTPRINT:

https://www.businesswire.com/news/home/20240521080297/en/Footprint-Raises-13-Million-Series-A-led-by-QED-Investors-to-Automate-Consumer-Onboarding-and-Make-Identity-Portable 

FOOTPRINT DECK: https://www.businessinsider.com/footprint-pitch-deck-fintech-series-a-2024-5

SOCURE: https://www.prnewswire.com/news-releases/the-american-digital-ghost-lack-of-financial-footprint-locks-millions-out-of-the-modern-economy-socure-research-shows-302150995.html

SOCURE REPORT: https://www.socure.com/resources/reports/digital-ghost 

AU10TIX: https://www.prnewswire.com/news-releases/au10tix-risk-assessment-model-exposes-critical-vulnerabilities-in-identity-verification-processes-302151928.html

VERATAD/ONEID: https://www.prnewswire.com/news-releases/veratad-partners-with-oneid-to-offer-document-free-identity-verification-for-uk-citizens-302153738.html