Article

Research: Exploring alternative liveness detection providers for true decentralization at Humanode - Part 3

Humanode Core

11 Apr 2025 • 24 min read

I part three of “Exploring alternative liveness detection providers for true decentralization at Humanode” we will be looking into the of the liveness detection providers that we have researched, and will be providing project overviews which include their recent developments.

Read Part 1 here.

Read Part 2 here.

Jumio

Jumio is a leading provider of AI-driven identity verification and authentication solutions, designed to help businesses reduce fraud and comply with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. Founded in 2010 and headquartered in Sunnyvale, California, Jumio operates globally with offices across North America, Latin America, Europe, Asia Pacific, and the Middle East.

Key Features:

Identity Verification: Utilizes advanced technologies such as biometrics, machine learning, and liveness detection to verify user identities during onboarding and transactions.
Risk Signals: Provides predictive fraud insights and real-time risk analysis based on user behavior and recognized fraud patterns.
AML Screening: Automatically screens customers against global watchlists to ensure compliance with regulatory mandates.

Company Highlights:

Transactions Processed: Over 1 billion transactions across more than 200 countries and territories.
Funding: In March 2021, Jumio secured $150 million in a funding round to enhance its digital identity verification services.
Employee Base: As of February 2025, Jumio employs approximately 628 individuals across six continents.

Here are the latest updates (2024–2025) on Jumio:

Partnership with LatticeFlow AI: In November 2024, Jumio announced a strategic partnership with LatticeFlow AI to enhance compliance and fraud prevention across its identity verification platform. This collaboration aims to integrate advanced AI technology to proactively address potential vulnerabilities in Jumio's models, ensuring compliance with upcoming regulations such as the EU AI Act. This partnership is expected to improve the accuracy and fairness of Jumio’s identity verification processes.
Focus on Gaming Sector: On January 20, 2025, Jumio revealed its commitment to the gaming industry by launching new offerings tailored for the global gaming, gambling, and sports betting market. The company introduced eKYC Checks, a risk signal designed to validate user identities through independent data sources, helping businesses comply with AML and KYC regulations. Jumio also began accepting Brazil's CNH Digital, facilitating smoother onboarding for users in a rapidly growing market.
Recognition in Gartner Magic Quadrant: Jumio was named a Leader in the inaugural 2024 Gartner Magic Quadrant for Identity Verification, published on October 21, 2024. This recognition highlights Jumio's comprehensive product offerings and strong execution capabilities within the identity verification space.
Legal Dispute with FaceTec: A legal battle between Jumio and FaceTec regarding liveness detection technology has escalated, involving accusations of bad faith and dishonesty. This dispute underscores ongoing tensions in the biometric technology sector as companies navigate intellectual property challenges.

Citations:

LIPS Corporation

LIPS Corporation is a leading provider of 3D camera technology and AI-driven machine vision solutions, headquartered in Taipei, Taiwan. The company specializes in designing high-performance 3D cameras, edge-AI accelerators, and AI-based software development kits (SDKs) and middleware, catering to sectors such as industrial automation, security, and robotics.

Product Offerings:

3D Cameras: LIPS designs and customizes 3D depth cameras utilizing technologies like Time-of-Flight (ToF), Stereo Vision, and Structured Light.
AI Middleware and Applications: The company develops AI-based middleware for applications such as 3D scanning, multiple dimension measurement, skeletal and body pose tracking, touchless hand gestures, and facial recognition.

Here are the latest updates (2024–2025) on LIPS Corporation:

LIPS has established collaborations with industry leaders, including Intel and NVIDIA, to integrate its 3D AI solutions with advanced computing platforms. citeturn0search4
Showcasing at CES 2025: LIPS Corporation participated in CES 2025 from January 7-10, where it showcased its innovative Spatial Intelligence Machine Vision Solutions. The company conducted live demonstrations in collaboration with industry leaders such as Cadence, Ambarella, and Onsemi. Their offerings included advanced technologies like LIPSedge ToF Decoding IP, virtual fence solutions, and touchless motion gesture control, highlighting their commitment to innovation in machine vision and AI technologies1 4.
Recognition for Innovation: LIPS Corporation has received multiple accolades for its contributions to the field of machine vision. Notable awards include the Embedded Award 2024 and recognition at the Vision Systems Design Innovators Awards, underscoring its position as a leader in the industry1.
Collaborative Projects: The company is actively involved in various collaborative projects aimed at enhancing industrial applications through customized 3D sensing solutions. Their focus on partnerships with leading technology firms like Intel, NVIDIA, and Sony reflects their strategy to integrate cutting-edge technology into their products3.

Citations:

Nymi

Nymi is a Toronto-based technology company specializing in wearable biometric authentication solutions designed to enhance security, compliance, and productivity in industrial environments. Founded in 2011, Nymi has developed the Nymi Band™, a wrist-worn device that provides passwordless, contactless, and hands-free authentication for deskless workers, who constitute approximately 80% of the global workforce.

Key Features of the Nymi Band™:

Biometric Authentication: Utilizes fingerprint recognition and heartbeat biometrics to ensure secure and continuous user authentication.
Continuous Identity Verification: Maintains secure access control throughout the workday, reducing the need for repetitive logins and enhancing user convenience.
Integration Capabilities: Seamlessly integrates with existing enterprise systems, including IT, ERP, SSO, and identity management solutions, facilitating easy deployment without significant infrastructure changes.

Here are the latest updates (2024–2025) on Nymi:

Launch of Nymi Band 4: On February 4, 2025, Nymi announced the release of its next-generation wearable authenticator, the Nymi Band 4. This device features design upgrades and expanded passwordless use cases tailored for regulated industries. It provides a hands-free solution for Multi-Factor Authentication (MFA), enhancing security and compliance for deskless workers in sectors like manufacturing and life sciences. The Nymi Band 4 can function as a standalone FIDO2 authenticator or as part of the Nymi Connected Worker Platform, facilitating seamless integration with various systems2 3 6.
Focus on Deskless Workforce: The Nymi Band 4 addresses the unique challenges faced by the 80% of the global workforce that is deskless. David Fortune, President of Nymi, emphasized that traditional authentication solutions often do not cater to these workers who share terminals and work in dynamic environments. The new band aims to improve operational efficiency while ensuring robust security measures2 6.
Partnerships and Ecosystem Expansion: Nymi is actively expanding its partnerships to enhance its offerings. The company collaborates with technology partners like Eviden, Microsoft, Rockwell Automation, and Siemens to integrate its wearable solutions into broader enterprise ecosystems. This strategy aims to support organizations in achieving zero-trust security principles and improving data integrity across various applications2 4 5.

Citations:

Oz Forensics

Oz Forensics is a Dubai-based company specializing in advanced biometric security solutions, focusing on preventing biometric and deepfake fraud. Established in 2017, the company offers cutting-edge technologies to help organizations mitigate fraud, comply with regulatory mandates, and enhance customer service.

Key Products:

Oz Liveness: A facial recognition and authentication software designed to detect deepfakes and spoofing attacks with 100% accuracy, as certified by ISO 30107-3 iBeta Level 2 compliance.
Oz Biometry: A facial recognition system achieving 99.99% accuracy in NIST FRVT evaluations, ensuring precise and secure biometric identification.

Company Highlights:

Global Presence: Oz Forensics' solutions are utilized by leading organizations worldwide, including sectors such as digital banking, telecommunications, microfinance, civil aviation, fintech, public healthcare, insurance, government, and education.
Awards and Certifications: The company has received several accolades, including winning the SWIFT Innotribe Challenge and achieving ISO 30107-3 iBeta Level 2 compliance with 100% detection accuracy.

Here are the latest updates (2024–2025) on Oz Forensics:

Acquisition: In September 2024, Oz Forensics was acquired by Brazilian digital identity firm Unico, aiming to enhance Unico's biometric capabilities and expand its global reach.
Product Launch: In January 2025, Oz Forensics introduced its SaaS liveness detection solution in Indonesia, offering advanced protection against biometric fraud to local businesses.
Launch of SaaS Liveness Detection in Indonesia: On January 8, 2025, Oz Forensics launched its advanced liveness detection solution as a Software as a Service (SaaS) offering in Indonesia. This solution aims to combat biometric presentation attacks and deepfake fraud, allowing businesses to implement it rapidly without the need for hardware installation. The solution leverages AWS Indonesia's infrastructure to enhance fraud prevention capabilities for clients such as Eurasian Bank and PayMe. CEO Artem Gerasimov emphasized the company's commitment to providing flexible solutions tailored to the evolving needs of Indonesian businesses1.
Recognition as a Top Performer: On February 29, 2025, Oz Forensics was awarded the Winter 2024 Top Performer Award by SourceForge for its liveness detection solution, Oz Liveness. This recognition highlights the software's effectiveness in biometric fraud detection and its high user satisfaction ratings. The award reflects Oz Forensics' ability to deliver efficient and user-friendly solutions that meet customer needs2.
Hybrid Liveness Detection Technology: In early 2025, Oz Forensics introduced its Hybrid Liveness Detection technology, which combines on-device media analysis with server-based AI models. This innovation aims to enhance the accuracy of liveness detection while improving user experience and server efficiency. The hybrid approach allows for additional analysis by server-side AI when on-device results are inconclusive, reinforcing security against spoofing attempts5.

Citations:

Paravision

Paravision is a San Francisco-based company specializing in advanced computer vision and artificial intelligence (AI) technologies, with a focus on facial recognition and biometric solutions. Established in 2013, Paravision has developed a suite of products designed to enhance safety, security, and identity verification across various industries.

Key Products and Technologies:

Face Recognition: Paravision offers ultra-accurate facial recognition technology that performs effectively across diverse environments, demographics, and user angles.
Liveness Detection: The company's liveness detection technology ensures user authenticity by detecting and preventing spoofing attempts using standard selfie images.
Deepfake Detection: Paravision provides tools to identify deepfakes in videos and images, combating fraud and misinformation in identity and media applications.
Age Estimation: Their AI-driven age estimation technology accurately assesses a user's age, applicable in age verification, retail, gaming, and digital media sectors.

Here are the latest updates (2024–2025) on Paravision:

Next-Generation Liveness Technology: In March 2025, Paravision unveiled its latest liveness detection technology, achieving breakthrough performance in user authentication.
DHS Recognition: The company stood out in the Department of Homeland Security's Remote Identity Validation Test, demonstrating the lowest combined error rate and fastest processing time as of March 2025.
Deepfake Detection Contract with Five Eyes Partner: On October 17, 2024, Paravision announced a significant contract with a Five Eyes government partner to operationalize its deepfake detection technology. This deal marks the transition from research and development to full production, enhancing the AI model's capabilities for real-world applications in security, identity, media, and communications. The collaboration builds on a multi-year partnership that began in 2022 and aims to address the growing threats posed by synthetic media.
Expansion of Facial Recognition Deployments: Paravision is expanding its facial recognition technology across various high-traffic environments, including airports and event venues. As of early 2025, the company is involved in deployments at over 50 airports and event venues worldwide, providing solutions for security, access control, and contactless payments. CEO Doug Aley highlighted the demand for enhanced security and frictionless customer experiences as key drivers for this expansion.
Recognition in NIST Evaluations: In January 2025, Paravision's facial recognition technology ranked among the top five in the NIST Face Recognition Technology Evaluation (FRTE) 1:N benchmark. This achievement underscores Paravision's commitment to delivering high-performance biometric solutions.
Launch of Liveness Detection Software: Paravision launched its facial liveness detection software after successfully passing iBeta Level 2 testing in January 2024. This software enhances biometric security by ensuring that users are physically present during authentication processes.

Citations:

Precise Biometrics

Precise Biometrics AB, founded in 1997, is a Swedish company specializing in biometric identification software, enabling secure authentication through fingerprint, face, and palm recognition technologies.

Product Portfolio:

YOUNiQ Access: A biometric access solution integrating facial recognition for secure entry to facilities.
YOUNiQ Visit: A visitor management system utilizing biometric technology to streamline and secure visitor registration processes.
BioMatch: Offers palm and fingerprint matching capabilities for enhanced security in various applications.
BioLive: Provides anti-tampering and liveness detection features to prevent spoofing attempts.
BioEnhance: Focuses on biometric image enhancement and image signal processing to improve recognition accuracy.

Business Segments:

Biometric Technologies: Licenses fingerprint software to sensor manufacturers, applicable in mobile devices, laptops, security tokens, and automotive applications.
Digital Identity: Offers system solutions for visitor management and physical biometric access control, enhancing security in various environments.

Here are the latest updates (2024–2025) on Precise Biometrics:

Q4 2024 Financial Results: On February 13, 2025, Precise Biometrics reported a 15.7% increase in net sales for the year, totaling 75.1 million Swedish kronor (approximately $7 million). The company achieved positive earnings before interest, taxes, depreciation, and amortization (EBITDA) for the fifth consecutive quarter, indicating a strong financial turnaround. CEO Joakim Nydemark attributed this growth to focused sales activities and the launch of new offerings1 4.
Growth in Biometric Technologies: During Q4 2024, Precise Biometrics experienced a notable 39% year-over-year growth in its Biometric Technologies segment. The company successfully integrated its algorithms into mobile devices, including a recent collaboration with Google for the Pixel 9. This integration highlights Precise's position as a key player in the biometric market3 4.
Continued Market Expansion: The mobile phone market remains a primary focus for Precise, with ultrasonic and anti-tampering technologies driving growth. The company is the sole supplier of these technologies for Qualcomm in China, Europe, and the USA, which has positioned it favorably within the industry2.
Visitor Management System Success: Precise Biometrics has seen increased sales of its YOUNiQ Visit visitor management system both domestically and internationally. The company participated in the Skydd 2024 trade show in Stockholm, generating significant interest and new customer contacts for its biometric access solutions2 5.

Citations:

Saffe

Saffe is a London-based company specializing in AI-driven facial recognition solutions for secure payments and authentication services. Founded in 2015, Saffe has developed proprietary technology that enhances security and user experience across various applications.

Key Features:

Facial Biometrics: Saffe's technology enables identity verification and authentication through facial recognition, eliminating the need for traditional methods like passwords or physical tokens.
Liveness Detection: The system incorporates robust liveness detection to distinguish between real users and fraudulent attempts using photos or videos, thereby reducing fraud and increasing security.
Privacy-First Approach: Saffe emphasizes user privacy by processing data locally across various regions and avoiding the storage of personal information within its domain.

Product Offerings:

Go Saffe: A low-code solution designed for quick integration, allowing businesses to implement facial biometrics with minimal setup.
Saffe SaaS: An enterprise-grade platform that supports the authentication of millions of transactions monthly, tailored for larger organizations requiring scalable solutions.

Industry Recognition:

NIST FRVT Performance: In 2019, Saffe's facial biometric engine was ranked 14th in the National Institute of Standards and Technology's Face Recognition Vendor Test (FRVT), highlighting its accuracy and reliability.

Here are the latest updates (2024–2025) on Saffe:

Launch of Saffe's Biometric Solutions: In January 2025, Saffe introduced its innovative biometric solutions aimed at enhancing identity verification processes across various sectors. The company focuses on providing secure and user-friendly biometric authentication methods that leverage advanced facial recognition and liveness detection technologies.
Partnerships for Enhanced Security: Saffe has been actively forming partnerships with financial institutions and tech companies to integrate its biometric solutions into existing security frameworks. These collaborations aim to bolster fraud prevention measures and streamline customer onboarding processes, particularly in the banking and fintech sectors.
Focus on Privacy and Compliance: As part of its commitment to ethical biometric practices, Saffe has emphasized the importance of data privacy and compliance with regulations such as GDPR. The company is working to ensure that its biometric systems not only enhance security but also respect user privacy and data protection standards.
Market Expansion Efforts: Throughout 2024, Saffe has been expanding its market presence, targeting regions with increasing demand for biometric authentication solutions. The company is positioning itself as a key player in the identity verification space, responding to the growing need for secure digital transactions.

Citations:

Sensetime

SenseTime is a leading artificial intelligence (AI) company headquartered in Hong Kong, specializing in computer vision and deep learning technologies. Founded in 2014 by Tang Xiao'ou, a professor at the Chinese University of Hong Kong, and computer scientist Xu Li, SenseTime has grown to become one of the world's most valuable AI startups, offering a wide range of AI-powered solutions across various industries.

Key Products and Services:

Facial Recognition: SenseTime's technology is widely used in China for applications such as smartphone authentication, merchandise ordering, payments, and access control in hotels and train stations.
Autonomous Driving: The company collaborates with automotive manufacturers like Honda to develop AI solutions for self-driving cars.
Smart City Solutions: SenseTime provides AI-driven systems for urban management, including traffic monitoring and public safety enhancements.
Augmented Reality: The company develops AR applications that enhance user experiences in gaming and retail.

Global Collaborations:

SenseTime has established partnerships with numerous global entities, including:

Qualcomm: Collaborating on AI research and development for mobile platforms.
Alibaba: Working together to integrate AI solutions into e-commerce and cloud computing services.
Massachusetts Institute of Technology (MIT): Engaging in joint research initiatives to advance AI technologies.

Controversies:

SenseTime has faced scrutiny due to allegations of its technology being used for surveillance purposes, particularly concerning the Uyghur Muslim population in China. In 2021, the United States Department of the Treasury placed the company on an investment blacklist, citing human rights concerns—a claim that SenseTime has denied.

Through continuous innovation and strategic partnerships, SenseTime remains at the forefront of AI research and application, contributing significantly to advancements in artificial intelligence on a global scale.

Here are the latest updates (2024–2025) on SenseTime:

Recent Developments:

Shift to Generative AI: In December 2024, SenseTime underwent a major organizational restructuring to focus on generative AI technologies, aiming to drive growth and profitability in this emerging field.
Product Launches: The company introduced SenseRobotGo, an interactive machine that plays the Chinese board game Go, expanding its consumer-facing product line.
Strategic Shift to Generative AI: In December 2024, SenseTime completed a significant restructuring to pivot towards generative AI as its primary growth driver. This shift comes in response to a 50.6% decline in traditional AI revenue during the first half of 2024 and aims to enhance profitability and financial stability. The new organizational structure, termed "1+X," focuses on foundational AI models and industry-specific solutions across sectors such as automotive, healthcare, and retail1 2.
Launch of SenseNova: SenseTime's generative AI capabilities were bolstered by the launch of SenseNova, a large language model introduced in early 2023. This model is designed to compete with leading AI technologies and is part of the company's broader strategy to integrate advanced computing resources, including over 10,000 GPUs for model development1 2.
Healthcare Platform Spin-off: On January 27, 2025, SenseTime announced plans to spin off its healthcare platform. This initiative aims to capitalize on advancements in large language models (LLMs) for medical applications, enhancing diagnostic and treatment processes through AI integration. The spin-off reflects the company's commitment to leveraging generative AI in the healthcare sector4.
Financial Performance and Market Presence: Despite the strategic changes, SenseTime has continued to face financial challenges. The company reported a loss of 2.5 billion yuan in the first half of 2024, although this was an improvement from the previous year. The generative AI segment generated significant revenue growth, accounting for over 60% of the company's total revenue during that period2 3.
Stock Market Reactions: Following the announcement of its restructuring and focus on generative AI, SenseTime's stock experienced fluctuations but showed signs of recovery with a notable increase after the restructuring announcement. However, it remains significantly lower than its peak value from early 20222 3.

Citations:

Shufti Pro

Shufti Pro is a global identity verification service provider founded in 2017, specializing in AI-powered Know Your Customer (KYC), Know Your Business (KYB), and Anti-Money Laundering (AML) solutions. The company operates across more than 200 countries and territories, offering services in over 150 languages.

Key Features:

Identity Verification (KYC): Shufti Pro's platform verifies user identities by analyzing government-issued documents and performing biometric checks, including facial recognition, to confirm the presence of a live applicant.
Business Verification (KYB): The company offers comprehensive verification of businesses, including checks on company registration, ownership, and financial status, to ensure compliance and reduce risk.
AML Screening: Shufti Pro provides real-time screening against global watchlists, sanction lists, and politically exposed persons (PEP) databases to prevent money laundering and terrorist financing activities.

Company Milestones:

Global Expansion: Headquartered in the United Kingdom, Shufti Pro has expanded its presence to Ukraine, Sweden, Dubai, and Cyprus, serving a diverse network of clients across various sectors.
Funding: In January 2022, the company secured $19.7 million in Series A funding to enhance its identity verification services and accelerate global expansion.

Here are the latest updates (2024–2025) on Shufti Pro:

Rebranding to Shufti: In September 2024, Shufti Pro announced a comprehensive rebranding to simply "Shufti." This change reflects the company's renewed focus on empowering customers with adaptable identity verification solutions. The rebranding emphasizes their commitment to safeguarding sensitive identity data and enhancing user trust in digital transactions across various sectors.
Launch of Fast ID: On November 21, 2024, Shufti introduced its reusable digital identity solution called Fast ID. This innovative service combines selfie biometrics with a secure cloud storage system for previously verified documents, allowing users to authenticate quickly and seamlessly during future interactions. Fast ID aims to streamline the onboarding process and replace traditional password methods, enhancing compliance with KYC and AML regulations.
Ultimate FinTech Awards 2023 Wins: In January 2024, Shufti Pro was recognized at the Ultimate FinTech Awards, winning three major categories: “Best Fintech AI Solution,” “Best Regtech Reporting Solution,” and “Best Client Onboarding Solution.” These awards highlight the company's excellence in providing cutting-edge digital identity verification solutions across various industries.
Expansion of Services: As of early 2025, Shufti has expanded its client base to over 1,000 organizations and serves more than 50 million users globally. The company continues to enhance its offerings in KYC, AML, and biometric verification services, supporting operations in over 240 countries.

Citations:

SVORT

SVORT is a Delaware-based company specializing in neural-biometric access management systems. Their proprietary technology converts facial features into anonymous biometric codes, enhancing security and privacy across various applications.

Key Features:

Anonymous Neural-Biometrics: SVORT's technology creates a 3D model of the user's face, transforming it into an anonymous biometric code. This method ensures that personal data, such as photos and videos, are removed after each use, maintaining user privacy.
SVORT Liveness: To prevent spoofing attempts, SVORT incorporates liveness detection by reconciling the 3D facial model with a personal neural network. Each authentication incrementally trains the neural network, enhancing recognition speed and accuracy over time.

Solutions Offered:

For Individual Privacy: The SVORT Authenticator provides secure access to private data, including email, social networks, and banking services, using neural-biometric authentication.
For Businesses: SVORT offers Multi-Factor Authentication (MFA), passwordless access, and identity verification solutions to enhance security for clients and employees. These solutions are designed to protect against security threats and data breaches.
For Offices: The company provides analytics and client identification systems to manage access for employees and monitor VIPs or unauthorized individuals within office premises.

TECH5

TECH5 is an international technology company specializing in biometrics and digital identity management. Founded by experts from the biometrics industry, TECH5 focuses on developing innovative solutions that leverage artificial intelligence (AI) and machine learning to enhance identity verification and management processes.

Core Technologies and Solutions:

Contactless Biometric Capture: TECH5 offers AI-powered, fully contactless biometric acquisition and liveness detection technologies for facial and fingerprint modalities.
Multi-Biometric Matching Platform: The company's T5-OmniMatch ABIS is a mission-critical platform supporting identification through face, fingerprint, and iris recognition, designed for national-level ID projects.
Credential Issuance: TECH5 provides software platforms for digital ID issuance and technologies aimed at data encryption and prevention of fraud in printed identity documents.
Verification and Authentication: The company offers technologies for both online and offline biometric verification and authentication across mobile platforms and centralized systems, utilizing face, fingerprint, and iris modalities. citeturn0search0

Here are the latest updates (2024–2025) on TECH5:

Biometric Derived Keys (BDK) Technology: In February 2025, TECH5 introduced T5-AirKey, an innovative BDK technology that uses biometrics to derive keys for cryptographic operations, enhancing security in identity management.
Contract with Virginia State Police: In November 2024, TECH5 secured a 15-year contract valued at approximately USD 54 million to provide advanced livescan biometric systems for the Virginia State Police, underscoring the company's expertise in law enforcement applications.
Major Contract with Virginia State Police: On November 6, 2024, TECH5 was awarded a significant 15-year contract valued at approximately $54 million to provide advanced livescan biometric systems for the Virginia State Police. This contract aims to enhance the state's fingerprint biometrics collection capabilities, reflecting TECH5's growing influence in law enforcement technology.
Launch of Biometric Template Protection Technology: In February 2025, TECH5 introduced a new biometric template protection technology that complies with the ISO/IEC 30136 standard. This technology is designed to enhance security in biometric systems by protecting sensitive biometric data, reinforcing the company's commitment to secure digital identity management.
Collaboration with Visa: TECH5 announced a partnership with Visa to develop and showcase joint solutions for digital payments and identity management. They plan to exhibit these innovations at the ID4Africa 2025 event, highlighting their collaborative efforts to enhance digital identity verification processes.
Introduction of the T5-OmniMatch Platform: In late 2024, TECH5 unified its biometric matching technologies under the T5-OmniMatch umbrella. This platform integrates various biometric modalities, including face, fingerprint, and iris recognition, into a single solution aimed at improving efficiency and accuracy in identity verification.
Expansion of Global Presence: Throughout 2024 and into early 2025, TECH5 has been focusing on expanding its market presence in Europe and beyond. The company is actively pursuing opportunities in both government and private sectors to implement its innovative biometric solutions.

Citations:

Veriff

Veriff is a global identity verification service company founded in 2015 and headquartered in Tallinn, Estonia. The company offers AI-powered identity verification solutions designed to help businesses prevent fraud, ensure compliance, and build trust with their customers.

Key Features:

Identity Verification: Veriff's platform verifies user identities by analyzing government-issued documents and performing biometric analysis, including facial recognition, to confirm the presence of a live applicant.
Fraud Prevention: The system utilizes AI to detect and prevent fraudulent activities, ensuring that only genuine users are granted access.
Compliance: Veriff assists businesses in meeting Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements, supporting global compliance efforts.

Company Milestones:

Funding: In 2022, Veriff raised $100 million in funding, increasing the company's valuation to $1.3 billion and achieving unicorn status.
Expansion: The company has expanded its services globally, opening offices in New York City and London to better serve its international clientele.

Veriff serves a diverse range of industries, including financial services, mobility, crypto, gaming, education, healthcare, and human resources management. Notable clients include Bolt, Opera, Mintos, Turo, and Wise.

Here are the latest updates (2024–2025) on Veriff:

Significant Revenue Growth: On January 7, 2025, Veriff reported a remarkable 75% year-over-year revenue growth for Q4 2024. The company also expanded its customer base by 60% compared to the same period in 2023, tripling its business volumes throughout the year. This growth was particularly strong in Latin America, where business volumes increased 2.5 times, driven by rising demand for secure digital identity solutions.
Product Enhancements: Throughout 2024, Veriff enhanced its product offerings, including the release of Full Auto IDV v3, which utilizes advanced AI algorithms for automated identity verification. The company also upgraded its Biometric Authentication system and achieved iBeta Level 2 biometric liveness detection compliance, validating its ability to detect sophisticated presentation attacks.
Expansion Plans: Looking ahead to 2025, Veriff plans to establish a new technology hub in São Paulo, Brazil, scheduled to open in spring 2025. This initiative aims to strengthen its presence in Latin America and cater to the growing market for identity verification solutions.
Recognition in Financial Crime Prevention: On March 10, 2025, Veriff was included in Chartis Research's Financial Crime and Compliance (FCC) 50 report. This recognition highlights the company's innovative solutions in combating financial crime and maintaining regulatory compliance.
Identity Fraud Report Findings: In December 2024, Veriff released its Identity Fraud Report for 2025, indicating a 21% increase in online fraud year-over-year. The report noted that one in every 20 verification attempts encountered in 2024 was fraudulent, with emerging threats such as face swaps and sophisticated impersonation attacks becoming more prevalent.

Citations:

Yoti

Yoti is a UK-based digital identity company founded in 2014, offering secure and convenient ways for individuals to verify their identity online and in person. Their services include:

Digital ID App: A free, reusable digital ID that allows users to prove their identity or age to businesses and individuals.
Identity Verification: Automated document verification combined with expert human review to meet compliance and speed up customer verification processes.
Age Verification: Privacy-preserving methods, including facial age estimation technology, to verify customer ages in seconds.
eSignatures: Legally accepted digital signatures to streamline document management and signing processes.

Here are the latest updates (2024–2025) on Yoti:

Funding and Growth: On January 3, 2024, Yoti secured £20 million in additional funding, comprising £12.5 million in debt from HSBC and £7.5 million in convertible debt from existing shareholders. This funding is intended to support Yoti's growth and enhance its digital identity technologies, which include identity verification, age assurance, and facial recognition AI. Yoti's total funding to date has now surpassed £166 million, reflecting significant investor confidence in its business model1 2.
Expansion of Digital ID Services: Yoti has been actively expanding its Digital ID services, having launched a new Digital ID app in collaboration with Lloyds Bank. This initiative is part of the UK's largest digital identity network, which also includes Post Office EasyID. Over four million people in the UK have downloaded one of the Digital ID apps, showcasing growing acceptance and usage of digital identity solutions1 2.
Age Estimation Technology Improvements: In October 2024, Yoti received positive evaluations for its facial age estimation technology from the Age Check Certification Scheme (ACCS). The latest assessment revealed a Mean Absolute Error (MAE) of just 1.05 years for estimating the age of 18-year-olds, demonstrating ongoing improvements in accuracy and reliability4.
Strategic Partnerships: Yoti has partnered with various organizations to streamline processes such as Right to Work checks across multiple UK universities. This partnership aims to enhance efficiency in compliance checks using Yoti’s reusable digital identity solutions, significantly reducing processing time for these checks3.
Innovations for 2025: Looking ahead, Yoti has hinted at launching an innovative new service in the first half of 2025, although specific details have not yet been disclosed. This initiative is expected to align with the increasing demand for secure and reusable digital identities as well as address challenges posed by deepfakes and other security concerns5.

Citations:

Glossary

FAR (False Acceptance Rate) – the percentage of identification instances in which the system accepts unauthorised persons biometric data and incorrectly provides access to him.
FIDO (Fast IDentity Online) – a set of technology security specifications for strong authentication. It is developed by the FIDO Alliance, a non-profit organization that provides guidance to projects that choose to use decentralized biometric systems and seek to standardize authentication technology at the client and protocol layers.
FRR (False Rejection Rate) – the percentage of identification instances in which authorized correct users’ biometric data is incorrectly rejected.
iBeta – A NIST-certified testing lab that offers a full range of on-demand QA software testing services. It is the only one lab currently certifying biometric systems for anti-spoofing and liveness detection to the ISO 30107-3 standard.
ISO 30107-3 – The International Organization for Standardization’s testing guidance for biometric presentation attack detection and evaluation of anti-spoofing technology.
NIST (National Institute of Standards and Technology) – The U.S. government agency that provides measurement, technology, and standards.
PAD (Presentation Attack Detection) – A biometric spoof of fake that is detected when presented to a biometric sensor. This might be a printed photo, an image or video of a person, a 3D mask, fake silicone fingerprint, etc.

Jumio

LIPS Corporation

Nymi

Oz Forensics

Paravision

Precise Biometrics

Saffe

Sensetime

Shufti Pro

SVORT

TECH5

Veriff

Yoti

Glossary

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