Yoti’s solution revolves around the use of facial recognition technology. End users are prompted to take a selfie photo and pictures of their official ID, and Yoti’s solution matches the face images for identity verification.
In announcing the effort, Yoti noted that the solution it has designed is Canada-hosted and FINTRAC-compliant, referring to Canada’s financial intelligence agency’s guidelines.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.