News
Articles
Nov 21, 2024
Shop with confidence: protect yourself on secondhand platforms with peer to peer checks
From clothes and accessories to furniture, toys and electronics, there’s a whole variety of secondhand items being bought and sold online. Over the last few years, the popularity of secondhand platforms has continued to grow. Sellers are keen to turn unused items into money and buyers are on the hunt for a bargain. In fact, 63% of UK online shoppers say they’ve bought secondhand in the past year, compared to 37% who haven’t. Clothing is most popular, with 30% of people purchasing a pre-owned clothing item in the last year. Our own research found that 65% of people will
Press releases
Nov 08, 2024
Deloitte UK Technology Fast 50 2024 - Yoti named as one of the UK's fastest growing tech companies
8th November 2024, London, UK – Yoti, a leader in digital identity, has been named in the 2024 Deloitte UK Technology Fast 50, ranking among the UK’s fastest growing technology companies. This achievement reflects Yoti’s impressive 1848% revenue growth over the last three years, securing its position at number 20 on the list. Robin Tombs, CEO at Yoti said: “We’re delighted to be recognised as one of the UK’s fastest growing technology companies. When we started Yoti a decade ago, we set out to fix the broken identity system. Thanks to the dedication and hard work by our team,
Articles
Oct 25, 2024
Age Check Certification Scheme evaluation for Yoti Facial Age Estimation
We are pleased to announce Yoti has been re-evaluated by the Age Check Certification Scheme (ACCS) for our facial age estimation (FAE) on our latest September 2024 model. ACCS now report our Mean Absolute Error (MAE) for 18 year olds is just 1.05 years, with a Standard Deviation (SD) of just 1.01 years. ACCS first tested Yoti’s September 2020 model in November 2020, reporting the MAE for 18 year olds to be 1.79, demonstrating our continued effort to improve the performance of our model. Yoti has been training its FAE model since early 2018 by using data captured mainly
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
Press releases
Jun 25, 2024
Digital IDs from Yoti, Post Office and Lloyds Bank are accredited by PASS for proof of age
London, UK – 25th June – The three Digital ID Connect apps – Yoti ID, Post Office EasyID and Lloyds Bank Smart ID – are now accredited by the UK’s national Proof of Age Standards Scheme (PASS). This gives UK businesses selling age-restricted goods and services more trust in Digital IDs, having confidence they are genuine and that customers have been verified to a high standard. Each of the Digital ID apps includes the approved PASS hologram. In the UK, Yoti ID, Post Office EasyID and Lloyds Bank Smart ID can be used for: Buying all age-restricted goods including
Press releases
May 30, 2024
Yoti facial age estimation evaluated in the NIST Face Analysis Technology Evaluation program
Yoti proven to be the most accurate facial age estimation algorithm for those aged 13-16, a key age group for online age regulations and child safety 30th May 2024, London, UK – Digital identity company Yoti has had its facial age estimation technology independently evaluated by the National Institute of Standards and Technology (NIST), a US agency who provide standards and certification for businesses. The standards and measurements set by NIST are used as a benchmark for technological innovations globally. NIST evaluated Yoti’s facial age estimation as part of their Face Analysis Technology Evaluation (FATE) program. NIST has