Facebook buys biometric ID verification startup

Wednesday 24 January 2018 13:23 CET | News

Facebook has acquired biometric ID verification startup, to minimise the presence of fake profiles on its platform.

The startup offers an API that enables companies quickly verify if someone’s government-issued identification card, like a driver’s license, is authentic. Its software allows for proof of identity for online transactions, allowing users to detect potentially fraudulent activity.

So far, had raised at least USD 4 million from investors, including Cava Capital, since its launch in 2015. The team and technology behind will be rolled into Facebook, where it could help users confirm their identities if they are locked out of their accounts after being hacked or losing their password.

In December 2017, the social media platform launched a new facial recognition-powered feature that can inform individuals when photos of them are uploaded to the social media platform without their knowledge.

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Keywords: Facebook, security, facial recognition, biometrics, acquisition, Confirm, ID verification, online security, fraud prevention
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: World
This article is part of category

Securing Transactions