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Digital identity verification technology provider Mitek, explores how the issue of biometric bias impacts the transgender and LGBTQ+ community and why facial recognition isn’t always the only answer. Facial recognition software is a booming industry, with a market size that’s expected to grow from an estimated value of USD 3.8 billion in 2020 to USD
Few innovations have made as big an impact as open banking has across the financial ecosystem in recent years. Thanks to the use of open application programming interfaces (APIs), a comprehensive framework that enables third-party developers to build applications has been created. A range of consumer banking details can be shared, with consent, to unlock
The COVID pandemic sped up the shift to digital solutions across many areas of the global economy. As in-person interaction moved online and remote working became the norm, a number of areas of identity verification also transitioned to digital. Businesses increasingly turned their attention towards the benefits of employee digital ID. Right to work checks
For billions of people around the world, social media platforms have become an essential part of daily life. From keeping up with the latest news to messaging friends, services like Facebook and Twitter have rapidly grown to be some of the most visited websites in the world. Just as the number of users has increased,
Winners, losers and fraudsters – Identity verification for online gaming Already rapidly growing sectors, digital gambling platforms and online gaming sites exploded in popularity during the height of the COVID pandemic, as many people stuck at home turned to these sites for entertainment. According to market research firm Statista, the global online gambling market alone
With hundreds of billions of dollars of total value locked into the decentralised finance (DeFi) market, this burgeoning sector is rapidly becoming an attractive target for cyber criminals and hackers. According to a CertiK State of DeFi Security Report released earlier this year, more than $1.3 billion was lost across 44 DeFi hacks due to centralisation
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