Inside the unique role of Yoti's Super Recognisers
A Super Recogniser is a person with an innate ability to recognise faces. Only 1-2% of the global population who take the tests are classed as Super Recognisers. At Yoti, our Super Recognisers match faces 1:1. This means they can compare the photo on an identity document with a selfie and determine if it’s the same person. We do this if our automated check does not conclude this with high confidence, to help with trickier account creations, or when businesses want increased confidence about a person’s identity. Our highly skilled team of Super Recognisers also complete visual document verification checks
Digital identity company Yoti receives £12.5 million funding from HSBC
This is part of a wider funding round; with Yoti raising £20 million in total 22nd December 2023, London, UK – Digital identity company Yoti has received £12.5 million debt funding from HSBC, and a further £7.5 million convertible debt funding from existing shareholders. The £20 million funding will support the continued growth of the company through to achieving profitability and beyond. This funding round follows the £10 million Lloyds Banking Group invested in Yoti earlier this year. Yoti’s total funding to date now exceeds £166 million; the majority provided by its founders and angel investors since it was
A look back on 2023
It’s been another busy year for all at Yoti. We launched a new Digital ID app with Lloyds Bank, continued to campaign for a safer internet, recertified as a B Corp and completed over 6.5 million age and identity checks every month. That and much more! Here’s a lookback on some of our favourite highlights from the year… Launched a new Digital ID app with Lloyds Bank Lloyds Bank released a new Digital ID app – Lloyds Bank Smart ID. The app, which is built using our technology, gives people a more private, secure and convenient way to prove
Stay Merry and Scam-Free: Avoiding a Criminal Christmas
With identity fraud peaking over the festive season and many shoppers now doing the bulk of their Christmas shopping online, it’s more important than ever to know how to protect yourself and your personal information. Louise Bruder, our Super Recogniser and Training Manager, is well equipped to share her top tips on how to stay safe this festive season: Check who you’re buying gifts from If you’re planning to buy your loved one a gift from an online marketplace it’s important to know who you’re buying from. After all, it’s very common for scammers to list fake concert tickets
Jigsaw Dating partners with Yoti to ensure trustworthy profiles
Members can only connect with other daters once they are verified, reducing the risks of fake profiles and fraud London, UK, 28th November 2023 – Jigsaw Dating has integrated Yoti’s photo verification technology to confirm every dating profile belongs to a real person. The move aims to give daters more confidence and transparency over who they connect with online. On account creation, all members are required to take a selfie, which Yoti verifies to ensure it is a real person. This stops people from using fake profile photos. Yoti’s passive liveness technology, MyFace, confirms the selfie is taken by a
Why automated technology with human fallback provides optimal results
Some identity providers claim that fully automated processes are the way forward. Whilst we agree that technology can improve and streamline processes, there are times when it’s valuable to have a human involved. Every business we talk to has different requirements for identity verification. This could be because of differing laws and their application in different regions, a varying risk appetite or wanting to ‘do the right thing’ to engender trust and increase success rates. When it comes to identity verification technology, there might be some scenarios where it’s helpful to use the skills of our security team. For instance: