GBG, InnoValor to tackle fraud in digital surge from COVID-19

Monday 8 February 2021 13:32 CET | News

GBG, a global specialist in identity data intelligence, has teamed up with Near-Field Communication (NFC) technology provider InnoValor.

The partnership aims to implement InnoValor’s patented ReadID technology into GBG’s suite of identity verification and fraud prevention tools. This combination of technologies paves the way for onboarding, a seamless user experience, and improved digital trust, according to the official press release.

GBG’s suite of identity verification tools already help 20,000 businesses globally. Their IDScan technology allows users to onboard quickly, verify an individual in 5 seconds or less, and uses InnoValor’s technology – ReadID – to validate, extract data, and inspect documents direct from smartphones for 100% accurate results, 100% of the time (when compared to open source tools and data).

InnoValor’s ReadID technology provides identity verification across document types, including ePassports, ID document, and residence permits using NFC. If works on all modern smartphones, using the same capability that enables contactless payments.

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Keywords: GBG, InnoValor, ReadID, NFC, identity verification, eKYC, ePassports, ID document, smartphone
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime