Identity verification
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
Articles
Apr 28, 2020
Good Practice Guide (GPG) 45
At the end of 2019, the GPG (Good Practice Guide) 45 was updated by the GDS (UK Government Digital Services). The guidance on how to check and verify someone’s identity now reflects new methods, such as reading the biochip in ID documents, such as an e-passport. The GPG 45 is also technology neutral as it is out-comes focused, rather than process-focused. As a digital identity provider, we help organisations meet low and medium levels of assurance when checking identity, and we can also support organisations that need to meet a high level. We’re looking forward to the imminent publication of the
Articles
Jan 24, 2020
Overcoming the drone accountability challenge with identity-linked drones
80 percent of UK citizens would support more widespread adoption of drones if there was a mechanism to provide increased safety, security and monitoring. These are the findings from The Cellular-connected Drones report, written by WPI Economics for Vodafone, which calls for commercial and public sector drones to be fitted with SIM cards to give them cellular network connectivity. This would mean drones could be flown beyond the “visual line of sight” of their operators, which is stipulated by current rules. Drones have significant positive use cases for hard-to-reach areas, such as delivering time-critical medical supplies, inspecting infrastructure, responding to
Articles
Nov 27, 2019
Fighting financial crime with Yoti and Synectics Solutions
Our advanced identity verification technology is set to enhance the onboarding experience for financial services and help tackle identity fraud. Our partnership with Synectics Solutions is set to deliver simple, private and secure eKYC checks when people apply for financial services products. Synectics Solutions For over 27 years Synectics Solutions has been at the forefront of developing leading-edge, data driven solutions for its clients, to help them create effective risk management systems and reduce their losses to fraud and other financial crime. Synectics’ clients have saved over £4.8 billion collectively through the use of these market leading link analysis,