Articles
Oct 10, 2024
Welcoming the new Regulatory Innovation Office
This week, the UK Government announced the creation of the new Regulatory Innovation Office – a move we welcome here at Yoti. Bringing new tech to market is often slowed down, or even blocked, due to outdated regulations or a lack of existing bodies to help support and facilitate the introduction of the new technology or co-ordinate its joint recognition. Recognising that this is a barrier to innovation, the Government will introduce the Regulatory Innovation Office (RIO). The Regulatory Innovation Office will sit under the Department for Science, Innovation and Technology (DSIT). It aims to help regulators facilitate economic
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
Articles
Sep 18, 2024
Helping Instagram to create safer online experiences with new Teen Accounts
From today, Meta is introducing new ‘Teen Accounts’ on Instagram for users under the age of 18. This change aims to help parents keep their teens safe online, by including features that have built-in protections. These include the ability to set daily usage limits, restrict access during certain hours and monitor their child’s interactions, such as the accounts they are messaging and the types of content they’re engaging with on the platform. New users under the age of 18 are, by default, given the strictest privacy settings. Under the new guidelines, teens aged between 16 and 18 will be
White papers
Sep 09, 2024
Facial Age Estimation white paper
Making it faster and safer to prove your age Our age estimation technology accurately estimates a person’s age by looking at their face. We built it to give everyone a secure and private way of proving how old they are in different everyday scenarios: from age checking on social platforms and online stores, to supermarket self-checkouts, bars and clubs. This privacy-friendly approach to age verification doesn’t require any personal details or documents, and all information is instantly deleted once someone receives their estimated age – nothing is ever viewed by a human. Key takeaways
Articles
Feb 15, 2024
The Age Appropriate Design Code for businesses
This blog was updated in February 2024, following the ICO’s updated opinion on age assurance for the Children’s Code. In a nutshell the main changes include: Facial age estimation is now recognised as the most widely used age estimation approach, with high levels of accuracy. Self-declaration on its own is not sufficient for high-risk services. The ICO has also introduced a new term, the ‘waterfall technique’. This refers to a combination of age assurance methods. Companies should ensure that any age assurance system implemented has an appropriate level of technical accuracy, reliability and robustness, whilst operating in a fair way
Articles
Jan 08, 2024
What’s in store for 2024
As we get our heads back into work after the festive break, our team has shared their predictions for 2024. The threat from deepfakes will accelerate In 2023, the threat of AI generated deepfakes continued to make the headlines. Some celebrities and well-known public figures found a fake advert of them promoting special offers or investments. News stories reported scammers using AI to mimic the voice of a loved one or to pretend to be someone from their bank. And technology was used to create AI-generated child sexual abuse images. With over 70 countries hosting general elections in 2024,