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
Articles
Jul 12, 2024
How facial biometric verification protects your customers from identity fraud
Back in the day, identity theft mostly involved fraudsters stealing personal information, such as credit card details, to commit fraud or impersonate others in person. It was a pretty straightforward game of cat and mouse between scammers and a business, typically carried out face-to-face. As the world has become more digitised, identity fraud has evolved to meet this digital world. One powerful solution in our arsenal against biometric frauds is biometric verification. Let’s dive into what it is, how it works, and why it’s crucial for keeping your customers and online community safe. What is identity fraud? Identity
Articles
Jun 06, 2024
Streamline your Jersey tax returns: How to recover your Digital ID app
As the tax filing deadline approaches in Jersey, it’s time to gear up with the necessary tools for filing your returns. One such tool is the Yoti digital ID app, which offers a convenient way to verify your identity and submit your tax return online. However, many residents encounter a common hurdle: they have got a new phone or deleted the app on their current phone, only to realise they need it again to fill the latest year’s tax return. This leaves them stuck and unable to reinstall the app. But there’s a simpler solution to handle this. We’ll
Articles
May 09, 2024
Protect yourself with peer-to-peer checks
Identity-related fraud is huge. Both in the real world but more so online where it’s easy to hide behind a fake unchecked profile. Most platforms don’t want to add friction into their onboarding journeys in fear that people will migrate to another site. A Which? survey of 1,300 buyers found a whopping 32% had been scammed on second hand marketplaces in the last two years. Whether someone is trying to sell stolen goods, committing romance scams, catfishing, or advertising property rentals that don’t exist, there are a whole host of fraud-related crimes and identity is often at the centre
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