We’re delighted to announce that we have partnered with Ecospend to combine our reusable digital ID and suite of identity solutions with the power of open banking. In 2022 we will focus on adding both open banking attribute and payment capabilities to further service the needs of our consumers, business and government clients. This change is just one of the ways we see digital identity will come to the forefront in 2022 as adoption grows and government regulations and policies favourably evolve. Privacy preserving identity will turbo-charge the power of banking data and payments John Abbott, Chief Commercial Officer at Yoti commented: “This partnership announcement is a great way to end a very busy year for Yoti and sets the scene for 2022 and how we will continue at pace to add more utility and features to our digital ID ecosystem. We are really looking forward to integrating Ecospend’s open banking services into our range of products, to give utility to consumers, give secure and value-for-money services to businesses and governments, and yet another blocker in the path for fraudsters. James Hickman, Chief Commercial Officer at Ecospend added: “Having started working with HMRC earlier in 2021, we are really looking forward to growing our UK presence with Yoti and by extension the UK Post Office, underlining how we are fast emerging as the key Open Banking platform in UK and in Europe. We look forward to the unique opportunity that secure, verified digital identity and open banking provides for businesses and governments to make cost savings while improving security and the quality of theirs user experiences. We have over 50 UK bank API’s and are approaching the completion of our European PSD2 model, paving the way for a positive start to 2022.” About Ecospend Ecospend is an FCA regulated business powering the next generation of payments and financial data services. Their proprietary end-to-end technology enables them to deliver agile and comprehensive solutions to clients without relying on third parties or legacy systems. At the end of 2020 Ecospend’s technology was selected by HMRC and the UK Government to provide payment initiations across all HMRC’s tax regimes, making them the first Government open banking payment service in history. Since the beginning of 2021 Ecospend has been initiated more than £2 billion of payments for the four biggest tax regimes: Self Assessment, Corporation Tax, PAYE for employers and VAT. More information from HMRC here. If you would like to learn more about our digital ID solution and how it can help your business, you can read about it here.
We’re delighted to win the Business Transformation Award in the Digital Agenda Impact Awards for being “a genuinely transformative innovation that could affect all of our lives for the better” (their words not ours). There were hundreds of entries for this year’s prestigious awards, which celebrate technological innovations that improve people’s lives and the world around us. Now in their fourth year, the awards are open to any UK-operating business, individual, government or non-profit using digital products or services for positive social impact. Sponsored by HSBC, the Business Transformation award champions companies and projects that help business, government and nonprofits be more effective, happier and healthier places to work. Tech4Good The judges were impressed by our age and identity solutions that make life easier and safer for organisations, their staff and their customers. They loved our purpose-driven approach to technology and business that is firmly founded on our core ethical principles. A “snapshot” of the awards We must admit, the award ceremony looked slightly different this year. But it didn’t take the shine off a great award that we’re proud to share. Thank you Digital Agenda, see you next year.
We have joined forces with StrongPoint to transform the retail experience with automated technology that makes shopping smoother, faster and safer. Since the beginning of our collaboration back in 2018, we have streamlined Click & Collect, tobacco dispensing and automated self-checkout solutions to reduce the need for staff interventions. This gives shoppers a seamless and contactless experience, while saving retailers time and money. Our latest proposition is to introduce our anonymous age estimation technology, Yoti Age Scan, in StrongPoint self-checkouts, Click & Collect lockers and Vensafe dispensing machines. Customers will also be able to prove their age using their phone by sharing a verified age from their Yoti Digital ID. StrongPoint StrongPoint focuses on helping retailers increase productivity with integrated in-store technologies, checkout efficiency solutions and e-commerce logistics such as order picking and last mile solutions. Our partnership will allow them to automate the self-checkout experience by offering leading age assurance technology to their tech-savvy customers. “Pushing the limits is always on our radar,” says SVP StrongPoint Technology, Julius Stulpinas. “ For years working with self-service solutions and checkout efficiency, we clearly see the benefit and value Yoti’s platform is bringing to the automation of commerce processes.” The retail experience during the coronavirus crisis The coronavirus crisis has thrown up new pressures in retail whose number one priority is to make shopping safer. Our age assurance solutions are contactless and minimise physical contact between customers and cashiers by removing the need to exchange physical documents. As Julius Stulpinas, SVP StrongPoint Technology, clearly highlights,”Automated age verification on self-checkouts and Click & Collect lockers will enable to eliminate direct contact between store staff and customers, making the shopping journey safer and faster. Our partnership will allow them to deliver leading solutions for automated age-restricted sales in supermarkets using both age estimation technology plus Yoti Digital ID.” The future of automation in retail We’re really excited about this partnership, which is going from strength to strength. Our Chief Business Officer, John Abbott, explains, “Shoppers don’t need to sign up for the age estimation solution, or carry personal documents to the store – this means the time of store staff can be dedicated to providing higher-value services for customers and respect social distancing rules in the backdrop of Covid-19.” You can see our combined Yoti and StrongPoint solution in action here.
Today marks a landmark day for Yoti. We have been selected as the identity provider for the Government of Jersey. Securing our first government contract is a huge milestone in our journey and something all of the team are incredibly proud of. Jersey’s search for an ID solution In August 2017, Jersey’s Government issued a tender which called for a digital ID solution. This was part of the eGov initiative to get more services online, such as filing a tax return, registering to vote and accessing the citizen portal. The Government wants to offer a greater range of online services but needs to be certain that the users are who they say they are. What does this mean for Jersey citizens? Yoti will give islanders a simple, fast and secure way to prove their identity, online and in person. They’ll be able to use Yoti to: Prove who they are when dealing with the States of Jersey online and in person, making it more convenient when using digital services and reducing the risk of identity theft and fraud Log into websites more securely without having to remember usernames and passwords – helping to protect online accounts and personal information Leave valuable ID documents safe at home and prove their age with their phone Prove their identity to businesses without showing and photocopying paper documents Jersey’s visionary choice to use a digital identity system will help its government bodies, businesses and citizens to get things done in a simple and secure way, with less risk of fraud – an issue which costs the global society billions every year. By giving individuals a free digital identity which they can create in minutes, businesses across a range of sectors can begin to leverage the benefits of digital identity into their own products and services, including finance, voting, healthcare, physical asset management, and many more. Assistant Minister, Deputy Scott Wickenden, said: “One of the reasons we have chosen Yoti is that its verification system can be used by many other organisations. People are more likely to sign up with a service that they can use for a number of different purposes, and because Yoti can verify identity, and therefore age, this means that a wide range of industries – from financial services to hospitality – can use it to verify the identities of their customers.” The States of Jersey’s Chief Executive, Charlie Parker, said: “This important piece of technology is fundamental to the restructuring of our public services and the provision of integrated, online services to islanders. We have established one set of standards for all our online services and now we have a digital ID system that allows islanders to interact with government on a confidential, secure basis. This is a vital step in modernising the States of Jersey, and in developing an effective, efficient and responsive public sector, with outstanding services at its core.” This is just the start of a great partnership with Jersey. We hope that their government, businesses and citizens will benefit from a secure digital identity system for many years to come. Time to raise a glass and celebrate!?
Yoti has been named as one of the South East’s most visionary digital companies in the inaugural ‘Digital Innovators Power List’ launched today by international law firm Bird & Bird LLP and London-based news brand, City A.M. Revealed last night at a launch event hosted at Bird & Bird’s dynamic new space at 12 New Fetter Lane, London, and launched today on CityAM.com, the Power List identifies 20 companies based in London and the surrounding areas in the media, health tech, fintech, ed tech and cybersecurity and identity sectors that are leading the way in digital innovation. The shortlist was agreed by City A.M., Bird & Bird and supporting partners digital association Digital Catapult, tech PR agency Hotwire PR and information platform Springwise – after careful consideration on which companies, in their respective sectors, have the most captivating stories of innovation, are setting rather than following trends, demonstrate the most revenue potential, are home grown businesses and are creating a buzz in social media. Yoti will participate in a series of quarterly events hosted at Bird & Bird over the course of the year, where panels featuring representatives from the companies on the Power List will give their perspectives on the factors driving digital innovation in the City and how their creations are transforming everyday lives.