Press releases

Yoti and Shiftal logos presented together

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

4 min read
Yoti logo on blue background

Yoti develops global code of practice for a privacy-focused approach to sharing personal health data and Covid-19 credentials

Helps health clinics, pharmacies and hospitals verify identities and issue test results onto individuals phones LONDON – 05/05/20 Digital identity platform Yoti has developed a privacy focussed approach to sharing Covid-19 test credentials using biometrics and anti-spoofing technology. It is backed by a global Code of Practice that’s designed to protect individuals sharing verified health test results with organisations. The solution helps health organisations issue, update and revoke trusted health credentials onto an individual’s free Yoti app through the secure Yoti platform. This ensures the highest standards of health data management and transparency for those that have the authority

3 min read

Project Endeavour: our breakthrough eKYC risk assessment solution

We’ve joined forces with Synectics Solutions to deliver a groundbreaking anti-fraud solution for financial services that provides a comprehensive eKYC risk assessment at the touch of a button. Project Endeavour is our partnership pilot which combines our best-in-class digital identity technology with anti-fraud and AML risk screening data services from Synectics Solutions. Synectics Solutions is a recognised leader in the provision of fraud and financial crime risk analysis, and has been working with global financial institutions and data analysis organisations for over 27 years. Our shared tool is designed to enable customers to onboard instantly with a financial institution using their

2 min read
Endeavour Project

Yoti partners with Synectics Solutions to deliver digital identity and risk assessment platform for financial services

Synectics Solutions and Yoti announced the partnership pilot, called Project Endeavour, which will also be supported by intelligence from Dow Jones Risk Solutions and the regulatory and compliance division of Eversheds Sutherland – Konexo. Endeavour is anticipated to break new ground in helping financial services companies increase their ability to access a young and digitally savvy market segment via a third party digital marketplace. It will also reduce the cost and time it takes to digitally verify a potential customer’s identity and perform real-time due-diligence checks as part of a comprehensive eKYC risk assessment. The first stage of the pilot for

5 min read
Yoti and NHS logos presented together

Yoti develops NHS England and NHS Improvement digital ID card to help Covid-19 staffing pressures and improve safeguarding

Staff IDs verified with the Yoti app to provide a digital identity that preserves privacy and boosts security LONDON – 09/04/20 – NHS England and NHS Improvement have begun deploying a secure digital ID card solution from Yoti that puts employees’ NHS ID cards on their phone. The contactless ID app can be used to prove NHS identity online and in person in seconds with a tap of a button or scan of a QR code. It is designed to support the rapid and agile deployment of key workers into health services during the COVID-19 crisis and beyond. Digital

3 min read
Yoti and Gamesys logos presented together

Gamesys Group PLC supercharges KYC with identity verification from Yoti

LONDON – 4th March 2020 – Global online gaming operator Gamesys Group PLC will leverage Yoti’s advanced identity verification technology to enhance the customer experience and KYC process while tackling identity fraud. Yoti’s integrated solution Doc Scan will transform Gamesys customer experience – offering a simple, private and secure way of proving identity when signing up for Gamesys sites on the web, mobile, and tablet.  Doc Scan will be embedded into the Gamesys user flow and will deliver know-your-customer (KYC) and anti-money laundering (AML) checks to enhance compliance and boost onboarding efficiency for players around the globe that can access

3 min read