Yoti blog
Stories and insights from the world of digital identity
Articles
Jan 14, 2020
The Fifth EU Money Laundering Directive is arriving in the UK - here are a few things you need to know.
The Government’s amendments to the Money Laundering and Terrorist Financing Regulations (MLR) are coming into force. This is the result of the transposition of the EU’s Fifth Money Laundering Directive, as well as a set of standards set by the Financial Action Task Force (FATF). These amendments extend the obligations to meet the MLR requirements to other sectors, which means that they will be obliged to perform ‘Know your Customer’ (KYC) checks and potentially monitor certain transactions. For example, cryptoasset activities will now fall under the scope. Furthermore, businesses will also need to consider new high-risk factors when determining whether
Articles
Jan 10, 2020
Yoti and native are tackling the touts with digital ID and great music
For those of you who are tired of touts beating you to the best shows and pushing up the prices of resale tickets, our latest partnership will be like music to your ears. We’ve partnered with native to deliver a nationwide tour featuring the drum and bass duo Sigma. We’ll be showcasing our revolutionary ticketing technology to prove events can be untoutable and put you, the fans, in control. And the best part? You can enter our ballot for free tickets before earlybirds go on sale for just £5 – and you can bet all your pennies that you
Articles
Dec 06, 2019
DataKind UK's #7 Data Science and Ethics Book Club at Yoti
Last week, we had the pleasure of hosting the seventh Data Science and Ethics Book Club, organised by our friends at DataKind UK. This was the final book club of the year and the topic up for discussion was AI and race. This is a hugely important conversation to advance as our lives become increasingly digital and influenced by algorithms and machine learning. The reading list The main book that anchored the evening’s talk was Race After Technology by Ruha Benjamin, which provides an accessible but deep understanding about how technology can replicate and exacerbate racial inequality. This was
Articles
Nov 29, 2019
Compliance at Yoti and why it matters to you
Updated 29th November 2019 to reflect change of SOC 2 classification from SOC 2 Type 1 to SOC 2 Type II. We do things differently to most tech companies. We’re proud of the fact that we always put compliance and our community first and we like to shout about it. The way we handle security and compliance is key to protecting your data. If we didn’t get that right, how could we expect anyone to trust us? And without trust, why would anyone use our app? So, with that in mind, here’s a run-through of the three main compliance
Articles
Nov 27, 2019
Fighting financial crime with Yoti and Synectics Solutions
Our advanced identity verification technology is set to enhance the onboarding experience for financial services and help tackle identity fraud. Our partnership with Synectics Solutions is set to deliver simple, private and secure eKYC checks when people apply for financial services products. Synectics Solutions For over 27 years Synectics Solutions has been at the forefront of developing leading-edge, data driven solutions for its clients, to help them create effective risk management systems and reduce their losses to fraud and other financial crime. Synectics’ clients have saved over £4.8 billion collectively through the use of these market leading link analysis,
Articles
Nov 27, 2019
Yoti joins the world’s most innovative companies in the REGTECH100 2020
We are very proud to announce that Yoti has been selected as a REGTECH100 company. RegTech The REGTECH100 is an annual list that recognises the world’s most innovative technology solution providers who are addressing the challenges of delivering regulatory requirements within financial services. The regulatory technology industry has seen huge growth in recent years as it strives to meet the needs of financial institutions as they navigate unrelenting regulatory challenges. The key players The REGTECH100 list was born to help senior management and compliance professionals navigate and evaluate which solutions are most likely to have a lasting impact on the
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Essential reading
Get up to speed on what kind of company we are
Articles
Mar 25, 2025
Discover Yoti's B Corp Impact Report
We’ve reached a full decade of being a B Corp! At Yoti, we believe technology has the power to create a safer, fairer and more trusted world. But as the world of technology evolves, we know we must remain mindful of how we do business. As part of our commitment to balancing profit and purpose, we’re thrilled to announce the release of our new B Corp Impact Report. It highlights our progress and impact in the areas that matter most to our stakeholders, our community and the planet. Highlights include: Improving the accessibility requirements of
Articles
Aug 29, 2024
Protecting your heart and wallet: understanding romance scams
It is said that love makes the world go round. But as genuine daters are looking for love, there’s a growing risk of falling into a scammer’s trap. In this blog we explore the impact of romance fraud, common tactics used by fraudsters and how daters can protect themselves in their search for love. What is romance fraud? Romance fraud occurs when a scammer uses a fake profile and false identity to trick unsuspecting people on dating sites. They usually do this for fraudulent reasons and financial gain. The fraudster will often go to great lengths, convincing
Articles
May 28, 2024
The importance of transparency for facial age estimation
To protect young people online, businesses need to provide age-appropriate experiences for their users. This could apply to online marketplaces, social media networks, content sharing platforms and gaming sites. But to put the correct measures in place, businesses need to know the ages of their customers. It was previously thought that the only way to confidently establish a user’s age was with an identity document, like a passport or driving licence, or checks to third-party databases such as credit reference agencies or mobile network operators. However, regulators are now recognising facial age estimation as an effective alternative. As with