Digital Identity Friday Five: October 4, 2024
Covering the most interesting news for the week of September 28 to October 4
Today is Friday, October 4. Here are five things in #digitalidentity that I found interesting this week
1/ Mitek Systems Appoints Edward H. West as CEO
Mitek announced the appointment of Ed West as its new Chief Executive Officer
Scott Carter, who has served as Interim CEO since June 2024, will serve as non-executive Chairman of the Board of Directors
Most recently, West served as President and Chief Executive Officer of Cardtronics from 2018 to 2021
Welcome, Mr. West!
2/ AuthenticID Releases Velocity Checks to Address High-Frequency Fraud
AuthenticID launched Velocity Checks this week, a new tool that integrates with their #identityverification and #fraudprevention platform
"Velocity Checks uses sophisticated image comparison algorithms to analyze ID and selfie headshot images submitted by users and compares them to an organization’s database of stored images from prior users and visits."
3/ Deduce Partners with Alloy
Deduce announced a new partnership with Alloy offering its #syntheticidentity signal to Alloy #financialservices customers
According to their blog post, #syntheticidentities are projected to cost banks $40B by 2027
Congrats Ari & Adish!
4/ Veriff: Generational and Geographical Differences in Online Fraud Perceptions
Veriff published their The Veriff Fraud Index 2024: Part 2
Interesting data points include:
** Younger consumers are more enthusiastic about using #biometric solutions for identity verification
** Due to the US's larger digital economy, US consumers are more exposed to AI and #deepfake fraud than UK consumers
** Consumers who fall victim to #fraud expect the company involved to reimburse them
Download the new report here: https://www.veriff.com/resources/ebooks/veriff-fraud-index-part-2
5/ Trinsic: The Comprehensive Report on Mobile Driver’s License Adoption
More interesting updates from Riley Hughes and team at Trinsic!
They’ve published a guide on #mDL adoption
No doubt this will be a living document as the #publicsector is accelerating innovation in #digitalidentity
Link to download their guide below 👇
And those are this week’s #fridayfive
*** LINKS
MITEK: https://www.businesswire.com/news/home/20241001483663/en/Mitek-Appoints-Edward-H.-West-as-CEO
AUTHENTICID: https://www.authenticid.com/about/news-press/authenticid-releases-velocity-checks-to-address-high-frequency-fraud-attempts/
DEDUCE: https://www.deduce.com/deduce-alloy-tackling-trust-issues-one-new-customer-at-a-time/
VERIFF: https://www.globenewswire.com/news-release/2024/10/03/2957640/0/en/Veriff-s-Consumer-Survey-Generational-and-Geographical-Differences-in-Online-Fraud-Perceptions.html
TRINSIC: https://trinsic.id/mdl-ebook/