- TrustID selects IDVerse to further enhance identity verification capabilities through its advanced generative AI.
- Collaboration addresses the rising deepfake and injection fraud threat, with approximately 1 in 4 fraud attempts involving manipulated media.
- Partnership sets new standards in digital identity validation, prioritizing innovation, ethical AI, and compliance with regulatory standards whilst maintaining customer experience.
London, United Kingdom — 4 July 2024 – IDVerse, a pioneer in generative AI identity solutions, celebrates a significant milestone as TrustID, a proven expert in identity verification and fraud prevention, joins its growing roster of clients. TrustID, leading certified identity service provider (IDSP) and industry veteran, has chosen IDVerse to further progress the capabilities of its human-in-the-loop identity services, setting a new standard in identity validation and security.
The addition of IDVerse’s automated reinforcement learning into TrustID’s services, supported by TrustID’s unique expert human analysts, enhances the accuracy and reliability of the identity verification processes. This collaboration equips TrustID to continue to offer future-proof verification technologies and fraud prevention services. Customers will benefit from enhanced security features, smoother user onboarding, and robust compliance with regulatory standards.
As deepfake attacks rise, with fraudulent entities using manipulated audio or video to impersonate individuals, TrustID and IDVerse are proactively adapting their systems to counter this threat. Recent data from IDVerse reveals that approximately 1 in 4 fraud attempts involve deepfake media, emphasizing the urgency of addressing this issue.
Tony Machin, CEO of TrustID, said: “We are excited to continue our advancement in identity verification automation with IDVerse and leverage their innovative approach to identity technology. We rigorously tested IDVerse with our own known fraudulent document database and through live data tests to ensure our clients receive only the industry’s best. IDVerse performed significantly better in document capture and fraud analysis than other candidates.”
Machin continued: “Together, we will redefine the standards of digital identity verification and fraud prevention, integrating best-of-breed solutions to drive the most robust and straightforward verification, supported by human experts. Incorporating IDVerse reinforces our position at the forefront of the identity verification market and helps us to stay ahead of evolving threats, such as deepfake fraud.”
“At IDVerse, we’re committed to providing the essential building blocks for identity businesses, prioritizing both innovation and ethical AI,” stated Matt Adams, CTO and Co-founder of IDVerse.
Adams continued: “By leveraging the best of computer vision and humans, we address algorithmic bias and ensure compliance with regulations like the EU AI Act and the US White House Executive Order on AI. This approach empowers companies like TrustID to navigate the digital landscape responsibly and with confidence, particularly in combating emerging threats such as deepfake media.”
The partnership between IDVerse and TrustID marks a significant advancement in digital identity verification, combining cutting-edge generative AI with human expertise to provide superior security and user experience.
ENDS
For media inquiries, please contact:
IDVerse Media Contact: Matt Ingman, moc.e1732207402srevd1732207402i@aid1732207402em1732207402
TrustID Media Contact: Sarah Croft, ku.oc1732207402.dits1732207402urt@s1732207402eiriu1732207402qne1732207402
Download: Media Kit
About IDVerse
IDVerse provides the tools and infrastructure that empower the identity verification industry, enabling businesses to verify anyone’s identity within seconds using only their face and smartphone—across over 220 countries and places, and with nearly any issued ID document. IDVerse is fighting AI bias by developing face recognition systems that prioritize inclusivity and fairness. Through our Zero Bias AI™ tested technology, we harness the power of regenerative AI to mitigate discrimination based on race, age, and gender. This advanced technology not only fights fraud and deepfakes but also significantly reduces associated risks.
IDVerse is trusted by startups, governments, and global enterprises, including HSBC, Uber, Experian, Equifax, and LexisNexis. Founded in Australia in 2018, IDVerse is a Series B venture-backed company with offices in Sydney, London and Silicon Valley.
For more information, visit https://idverse.com/
About TrustID
TrustID is a leading Certified Identity Service Provider (IDSP). It offers a range of accurate, affordable and easily accessible identity verification services that protect both private sector organisations and public sector bodies such as NHS Trusts and local authorities from exposure to fraud. Its identity checking products also support compliance with a wide range of legislation, including Right to Work, Right to Rent, Anti-Money laundering (AML) and Know Your Customer (KYC) legislation.
TrustID combines leading digital technology and human expertise to provide the highest level of fraud detection to over 3,500 organisations of all sizes. It helps HR departments, compliance, security and counter fraud teams accept identity documents quickly and confidently. The scalable range of services are backed up by TrustID’s analyst team who have vast, proven knowledge and experience which is unique in the industry.
For more information, visit https://www.trustid.co.uk
