News
Articles
May 15, 2020
100% accurate on-premise Covid-19 virus testing for £10 in 13-25 minutes
Secure FRANKD results shared using Yoti digital ID on phones LONDON – 15/05/20 – GeneMe, a leading biotech company based in Gdańsk, Poland has developed “FRANKD” – a fast, scalable and reliable mouth swab test for COVID-19 that is completed on-premises in on average 13-25 minutes with no laboratory involvement. The GeneMe FRANKD test has been independently analytically validated with 100% Sensitivity and 100% Specificity by Gdańsk University of Technology. FRANKD requires less time to produce a result than the gold-standard RT-PCR (Reverse Transcriptase Polymerase Chain Reaction) reference test recommended by the World Health Organization. With consent, results are
Articles
May 14, 2020
Indian cryptocurrency exchange Shiftal leverages yoti digital identities for secure KYC registration
LONDON – 14/05/20 – Indian cryptocurrency exchange, Shiftal, has partnered with digital ID and credential management company, Yoti, for identity verification. By harnessing Yoti’s digital identity app and Doc Scan solutions for automated and expedited KYC verification, Shiftal aims to provide a seamless KYC onboarding experience to its platform users. The traditional KYC process is beset with inefficiencies – it’s time-consuming, expensive, and susceptible to fraud attacks. According to Thomson Reuters, it takes 32 days to complete KYC checks on average. Additionally, large financial institutions spend somewhere between $900 million and $1.3 billion annually on compliance-related processes. The use of
Articles
May 10, 2020
Helping the Co-op make good things happen with our Covid-19 Pledge
Co-op are on a mission to help people make good things happen in communities and we’re really happy to support them with our COVID-19 pledge. Through their community co-operate platform, they’re bringing together multiple services that make it easier for people to come together and change their communities for the better. The platform is a hub of advice, guides and activities, which allows people to request and offer support. In order to keep their communities safe, they’ll be using our embedded identity verification technology to securely vet applicants that register to offer their support. This technology sits within the sign
Press releases
May 05, 2020
Yoti develops global code of practice for a privacy-focused approach to sharing personal health data and Covid-19 credentials
Helps health clinics, pharmacies and hospitals verify identities and issue test results onto individuals phones LONDON – 05/05/20 Digital identity platform Yoti has developed a privacy focussed approach to sharing Covid-19 test credentials using biometrics and anti-spoofing technology. It is backed by a global Code of Practice that’s designed to protect individuals sharing verified health test results with organisations. The solution helps health organisations issue, update and revoke trusted health credentials onto an individual’s free Yoti app through the secure Yoti platform. This ensures the highest standards of health data management and transparency for those that have the authority
Press releases
Apr 16, 2020
Project Endeavour: our breakthrough eKYC risk assessment solution
We’ve joined forces with Synectics Solutions to deliver a groundbreaking anti-fraud solution for financial services that provides a comprehensive eKYC risk assessment at the touch of a button. Project Endeavour is our partnership pilot which combines our best-in-class digital identity technology with anti-fraud and AML risk screening data services from Synectics Solutions. Synectics Solutions is a recognised leader in the provision of fraud and financial crime risk analysis, and has been working with global financial institutions and data analysis organisations for over 27 years. Our shared tool is designed to enable customers to onboard instantly with a financial institution using their
Press releases
Apr 16, 2020
Yoti partners with Synectics Solutions to deliver digital identity and risk assessment platform for financial services
Synectics Solutions and Yoti announced the partnership pilot, called Project Endeavour, which will also be supported by intelligence from Dow Jones Risk Solutions and the regulatory and compliance division of Eversheds Sutherland – Konexo. Endeavour is anticipated to break new ground in helping financial services companies increase their ability to access a young and digitally savvy market segment via a third party digital marketplace. It will also reduce the cost and time it takes to digitally verify a potential customer’s identity and perform real-time due-diligence checks as part of a comprehensive eKYC risk assessment. The first stage of the pilot for