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IDVerse Wins Platinum Award for AI in Fraud Prevention Innovation

  • The Future Digital Awards for Fintech & Payments, organised by Juniper Research,  recognises the organisations that have made outstanding contributions to their industry and are positioned to make a significant impact in the future. The Fraud & Security Innovation category honours the leading players in the anti-fraud, security, and fraud prevention markets.
  • IDVerse uses Generative AI to source fairly and ethically sourced training datasets for its algorithms to counter legacy industry issues of bias and lack of consent.

London, UK – 3 October 2023 World-leading digital ID verification company IDVerse (previously known as OCR Labs Global) today has been awarded the Platinum Award in the AI in Fraud Prevention Innovation category at the Future Digital Awards for Fintech & Payments organised by Juniper Research.

Since 2008, the Future Digital Awards have recognised companies at the forefront of their respective fields: companies that deliver inventive products or services that disrupt their ecosystems and provide significant benefits to their target audiences. The awards cover four sectors: Fintech & Payments, Telco Innovation, Digital Health Innovation and Smart Cities and IoT Innovation. 

The Fintech & Payments awards programme recognises the best technologies in Fintech, Payments, Fraud & Security, Banking, and Blockchain.

John Myers, CEO at IDVerse, comments: “We are delighted that our Zero Bias AI™ tested technology has been recognised as award-winning by the Fintech & Payments Awards. This win is a testament to the impact of our technology and our team’s skills, commitment and determination to be the leading solution for digital identity verification on the market.  IDVerse is pioneering the use of generative AI to train deep neural network systems to protect against discrimination on the basis of race, age and gender.”

IDVerse’s technology has been successfully tested by NIST-accredited labs, iBeta and BixeLab, against recognised biometric international standards like TDIF, SOC 2 and ISO 27001 and Presentation Attack Detection (PAD). No other company in IDV has obtained a similar level of testing certifications, both in terms of the extensiveness of standards and actual test scoring performance.

For more information, visit www.idverse.com

ENDS

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moc.e1713491899srevd1713491899i@aid1713491899em1713491899

CEW Communications for IDVerse

Maddy Grigorie, moc.s1713491899mmocw1713491899ec@yd1713491899dam1713491899, +44(0)741 202 6525

About IDVerse

IDVerse helps you quickly scale your business globally. Our fully-automated solution verifies new users in seconds with just their face and smartphone—in over 220 countries and territories with any ID document—without the burden of human intervention.

We empower true identity for people around the world. Through our Zero Bias AI™ tested technology, we are pioneering the use of generative AI to train deep neural network systems to protect against discrimination on the basis of race, age and gender. We are the first company to achieve 99.99% accuracy in independent lab testing.

Our advancements in Natural Vision Processing (NVP) are enabling machines to autonomously see and perceive as humans and excel in ways that humans cannot.

IDVerse is trusted by startups, governments, and global enterprises, including HSBC, Vodafone, BMW, Virgin Money, and ANZ, for borderless and inclusive identity verification. Founded in Australia in 2018, IDVerse is a Series B venture-backed company with headquarters in London and offices in North America, Asia and Europe.

For more information, visit https://idverse.com/

About Juniper Research

Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.

For more information, visit https://www.juniperresearch.com/ 

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