News
Press releases
May 29, 2020
German regulator FSM approves Yoti digital identities and age estimation for for online child protection in Germany
LONDON, 29/05/20 – In a world-first, age estimation and age verification from Yoti have been approved for age-restricted access and protection of young people in Germany. The German Association for Voluntary Self-Regulation of Digital Media Service Providers (FSM) evaluated Yoti’s facial age estimation technology (Yoti Age Scan) and the Yoti app for age verification and certified that both comply with the legal provisions of online child protection in Germany. Yoti Age Scan is an accurate age estimation technology that enables people that do not have an identity document to prove their age easily and securely. An individual uses the camera
Articles
May 26, 2020
We've partnered with OneFamily to help UK teenagers take ownership of their Child Trust Funds with the Yoti app
Yoti has partnered with OneFamily to make life easier for its 1.6 million child trust fund account holders who can now take control of their accounts with our digital identity app. OneFamily OneFamily holds around a quarter of the UK’s child trust funds (CTFs), which are tax-free savings accounts that were awarded to every child born between 1 September 2002 and 1 January 2011. On Tuesday 1 September 2020, the first recipients will be eligible to access their funds. It’s anticipated that the OneFamily accounts will mature at the rate of around 20,000 per month from September for the
Press releases
May 25, 2020
No fuss teen-friendly tech for child trust fund holders
London, UK – 25th May 2020: Friendly society OneFamily is to use teen-friendly tech to make life easier for its 1.6 million child trust fund account holders, as their accounts mature from September this year. OneFamily holds around a quarter of the UK’s child trust funds. It will be working with digital identity platform Yoti to manage the secure identification of its young customers as they begin to take control of their accounts. Child trust funds were awarded to every child born between 1 September 2002 and 1 January 2011. On Tuesday 1 September 2020, the first recipients will be
Articles
May 15, 2020
100% accurate on-premise Covid-19 virus testing for £10 in 13-25 minutes
Secure FRANKD results shared using Yoti digital ID on phones LONDON – 15/05/20 – GeneMe, a leading biotech company based in Gdańsk, Poland has developed “FRANKD” – a fast, scalable and reliable mouth swab test for COVID-19 that is completed on-premises in on average 13-25 minutes with no laboratory involvement. The GeneMe FRANKD test has been independently analytically validated with 100% Sensitivity and 100% Specificity by Gdańsk University of Technology. FRANKD requires less time to produce a result than the gold-standard RT-PCR (Reverse Transcriptase Polymerase Chain Reaction) reference test recommended by the World Health Organization. With consent, results are
Articles
May 14, 2020
Indian cryptocurrency exchange Shiftal leverages yoti digital identities for secure KYC registration
LONDON – 14/05/20 – Indian cryptocurrency exchange, Shiftal, has partnered with digital ID and credential management company, Yoti, for identity verification. By harnessing Yoti’s digital identity app and Doc Scan solutions for automated and expedited KYC verification, Shiftal aims to provide a seamless KYC onboarding experience to its platform users. The traditional KYC process is beset with inefficiencies – it’s time-consuming, expensive, and susceptible to fraud attacks. According to Thomson Reuters, it takes 32 days to complete KYC checks on average. Additionally, large financial institutions spend somewhere between $900 million and $1.3 billion annually on compliance-related processes. The use of
Articles
May 10, 2020
Helping the Co-op make good things happen with our Covid-19 Pledge
Co-op are on a mission to help people make good things happen in communities and we’re really happy to support them with our COVID-19 pledge. Through their community co-operate platform, they’re bringing together multiple services that make it easier for people to come together and change their communities for the better. The platform is a hub of advice, guides and activities, which allows people to request and offer support. In order to keep their communities safe, they’ll be using our embedded identity verification technology to securely vet applicants that register to offer their support. This technology sits within the sign