Articles
Dec 12, 2024
Yoti announces participation in the Australian Age Assurance Trial
On 28th November 2024, the Australian Government passed the Online Safety Amendment (Social Media Minimum Age) Bill 2024. This legislation will prevent anyone aged under 16 from accessing social media platforms. It aims to protect young users from harmful content and interactions. Set to begin in early 2025, the Age Assurance Technology Trial will test the effectiveness of age assurance technologies – spanning verification, estimation and inference. By testing various methods, the Australian Government hopes to identify robust and scalable solutions to enforce minimum age limits across platforms. Initial insight will be made available from April 2025 with a
Articles
Nov 21, 2024
Yoti responds to the Draft Statement of Strategic Priorities for online safety
This week, Peter Kyle, Secretary of State for the Department of Science, Innovation and Technology, published a letter of proposed strategic priorities for online safety. We welcome the draft statement, which highlights the five areas the government believes should be prioritised for creating a safer online environment. These areas are: safety by design, transparency and accountability, agile regulation, inclusivity and resilience, and technology and innovation. Peter Kyle also made a strong statement that when the Online Safety Act comes into force, Ofcom will have his full support and will expect them to be assertive. He said, “The powers that
Articles
Oct 24, 2024
Understanding the UK’s new Data Bill
The Data (Use and Access) Bill, known more simply as the “Data Bill”, is a landmark piece of UK legislation that aims to reshape how individuals and businesses interact with digital data. It will introduce provisions for a national digital identity trust framework, helping to foster trust in digital identities by ensuring that businesses adhere to strict standards during digital transactions. This blog gives an overview of the Data Bill and what this means for digital identities in the UK. Why has the Government introduced the Data Bill? The Government has said that the Bill will “unlock the
Articles
Oct 10, 2024
Welcoming the new Regulatory Innovation Office
This week, the UK Government announced the creation of the new Regulatory Innovation Office – a move we welcome here at Yoti. Bringing new tech to market is often slowed down, or even blocked, due to outdated regulations or a lack of existing bodies to help support and facilitate the introduction of the new technology or co-ordinate its joint recognition. Recognising that this is a barrier to innovation, the Government will introduce the Regulatory Innovation Office (RIO). The Regulatory Innovation Office will sit under the Department for Science, Innovation and Technology (DSIT). It aims to help regulators facilitate economic
Press releases
Sep 25, 2024
Lloyds Banking Group investment in Yoti
In February 2023, Lloyds Banking Group invested £10 million in Yoti in the form of a convertible loan. Since that initial commitment Yoti’s monthly revenues have more than doubled. We’ve also seen a significant increase in the number of people installing the Lloyds Bank Smart ID, Post Office EasyID and Yoti ID Digital ID wallets. Over 100,000 people each month are using our services to prove their identity for right to work or criminal record (‘DBS’) checks, with around 25% of those people choosing to use their reusable Digital ID. The total number of Digital ID installs in the
Articles
Sep 18, 2024
Helping Instagram to create safer online experiences with new Teen Accounts
From today, Meta is introducing new ‘Teen Accounts’ on Instagram for users under the age of 18. This change aims to help parents keep their teens safe online, by including features that have built-in protections. These include the ability to set daily usage limits, restrict access during certain hours and monitor their child’s interactions, such as the accounts they are messaging and the types of content they’re engaging with on the platform. New users under the age of 18 are, by default, given the strictest privacy settings. Under the new guidelines, teens aged between 16 and 18 will be