Press releases
Press releases
Nov 20, 2024
’Tis the season to be thrifty: UK shoppers hunt out Christmas bargains on eBay, Etsy and Vinted, but scam fears linger
More than half of young people have been scammed themselves or know someone who has been scammed via secondhand marketplaces A quarter of Brits fear falling victim to online scams London, UK – 20th November 2024 – As the cost of living crisis continues to bite, new research from digital identity company Yoti (carried out by Censuswide) reveals that UK shoppers are tightening their belts this festive season, with 65% turning to online marketplaces in search of affordable Christmas gifts on sites such as eBay (46%), Etsy (27%), Vinted (22%) and Facebook Marketplace (18%). However, while bargain-hunting
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,
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
Press releases
Mar 01, 2024
Yoti releases white paper detailing approach to combating generative AI and deepfakes
1st March 2024, London, UK – Digital identity company Yoti has published its first Generative AI white paper, detailing its approach to combating deepfakes. Yoti has focussed their strategy on early detection, using tools to prevent AI-generated content or attacks at the point of source. Whilst offering numerous benefits and advancements, generative AI also brings potential threats and challenges, including: Identity theft and fraud; the technology could be used to create synthetic identities and realistic forged documents Fake content; the creation of highly convincing content, including images, videos and audio recordings. Privacy concerns; the ability to generate realistic images