Identity verification
Articles
Mar 19, 2021
Practice guide 81: digital identity verification for conveyancing
On 12 March 2021, Her Majesty’s Land Registry (HMLR) published its first digital identity standard, practice guide 81 (PG81). The standard is aimed at encouraging the use of digital identity to reduce the inconvenience and inconsistency of manually verifying a client’s identity during the homebuying process. Reducing the need for physical document checks performed by non-specialists can mitigate opportunities for fraud, increase convenience and lower costs for all parties involved in the home buying process. The standard follows the draft set of requirements, published in November 2020, which Yoti provided feedback on. Practice guide 81:
Articles
Nov 16, 2020
GPG 45 guidance on identity checks opens up for the private sector
In April, we wrote about the significant changes made to the Good Practice Guide (GPG) 45, the UK government’s standard for checking and verifying someone’s identity. If you’ve ever had to verify your identity with the government, it’s likely the process followed GPG 45. The guide is made up of five parts: Get evidence of the claimed identity; Check the evidence is genuine or valid; Check the claimed identity has existed over time; Check if the claimed identity is at high risk of identity fraud; Check that the identity belongs to the person who’s claiming it.
Press releases
Nov 03, 2020
Online gaming innovators MrQ speeds up KYC with digital verification technology from Yoti
3rd November 2020, LONDON — Online gaming operator MrQ.com is enhancing the customer experience while tackling identity fraud using Yoti’s advanced identity verification technology for KYC. Yoti’s integrated solution brings a simple, private and secure identity verification flow to MrQ.com’s games on the web, mobile, and tablet. MrQ.com built its platform from the ground up to deliver a fluid customer-led experience, which eliminated all wagering requirements and led with a product-first strategy delivered through modern technology and a pulse across all data points. Yoti is now embedded into the MrQ.com platform to deliver know-your-customer (KYC) and anti-money laundering (AML) checks.
Articles
Oct 19, 2020
Project Endeavour: eKYC and customer acquisition platform
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. Our shared tool is designed to enable customers to onboard instantly with a financial institution using their phone. Low risk customers, who make up roughly 90% of a customer portfolio of a Tier 1 UK bank, will be identified and granted instant access to products and services via a third-party marketplace.
White papers
Aug 19, 2020
Project Endeavour: A Deep Dive
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. It’s designed to disrupt existing Know Your Customer (KYC) standards and practices across regulated financial institutions, through an innovative proof of concept. This white paper describes the high-level use case, in order to promote interest in the proof of concept which is planned for late 2019 and running into 2020. It’s written for executives of UK financial institutions who are keen for their participating teams to work collegiately, apply thought leadership, and pursue an innovative
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