Id Verification news and trends

iCapital to Add ‘Reusable Financial Identity’ With Parallel Markets Acquisition
Acquisitions // January 16, 2025

FinTech company iCapital plans to enhance its alternative investment marketplace platform for the wealth and asset management industries by acquiring Parallel Markets. The company entered into a definitive agreement under which iCapital will acquire Parallel Markets, which provides “reusable financial identity,” the companies said in...

Intellicheck Partners With Screening Software Company on Employee Background Checks
Partnerships // December 10, 2024

Background screening industry platform provider Accio Data has teamed with identity verification company Intellicheck. The collaboration involves Accio integrating Intellicheck’s identity validation technology into its background screening enterprise platform, allowing its clients to quickly and accurately evaluate job applicants’ identity documents, the companies announced Tuesday...

71% of German Consumers Used a Digital Wallet in the Past Year
Digital Payments // December 02, 2024

Digital wallets have become a key tool for German consumers, especially for online shopping and banking. Consider that 71% of consumers in Germany used a digital wallet in some way in the past year. A PYMNTS Intelligence report, “Digital Wallets Beyond Financial Transactions: Germany Edition,”...

47% of Brazilians Use Digital Wallets for Bill Payments
Mobile Wallets // November 21, 2024

Brazil is reshaping the global use of digital wallets, with consumers relying on them for bill payments and identity verification, unlike other countries, where they are mainly used for eCommerce. A  PYMNTS Intelligence Report, “Digital Wallets Beyond Financial Transactions: Brazil Edition,” in collaboration with Google...

Interviews & Exclusives
71% of German Consumers Used a Digital Wallet in the Past Year

December 02, 2024
Digital wallets have become a key tool for German consumers, especially for online shopping and banking. Consider that 71% of consumers in Germany used a digital wallet in some way in the past year. A PYMNTS Intelligence report, “Digital Wallets Beyond Financial Transactions: Germany Edition,” in collaboration with Google Wallet, reveals insights into how Germans […]

47% of Brazilians Use Digital Wallets for Bill Payments

November 21, 2024
Brazil is reshaping the global use of digital wallets, with consumers relying on them for bill payments and identity verification, unlike other countries, where they are mainly used for eCommerce....

Circle of Trust: How Digital Identities Can Secure the Gig Economy Against Fraud

September 05, 2024
Fraudsters, like consumers, love a good deal. And the gig economy, estimated to be worth half a trillion dollars in 2023 and employing 38% of the U.S. workforce, is becoming...

Bot? Fraudster? New Technology Finds Legit Users Without Compromising User Experience

July 25, 2024
The most sustainable and effective business successes frequently come from striking the right balances. And one of the more challenging balances for businesses to strike is between a robust and...

Quick Reads
iCapital to Add ‘Reusable Financial Identity’ With Parallel Markets Acquisition

January 16, 2025
FinTech company iCapital plans to enhance its alternative investment marketplace platform for the wealth and asset management industries by acquiring Parallel Markets. The company entered into a definitive agreement under which iCapital will acquire Parallel Markets, which provides “reusable financial identity,” the companies said in a Thursday (Jan. 16) press release. The acquisition will enable […]

Intellicheck Partners With Screening Software Company on Employee Background Checks

December 10, 2024
Background screening industry platform provider Accio Data has teamed with identity verification company Intellicheck. The collaboration involves Accio integrating Intellicheck’s identity validation technology into its background screening enterprise platform, allowing...

ID.me Seeks $1.8 Valuation As ID Theft Threat Grows

October 09, 2024
ID.me is reportedly aiming for a $1.8 billion valuation in a share sale. As Bloomberg News reported Tuesday (Oct. 8), sources close to the matter say the company itself is...

Illuma Labs Raises $9 Million for Bank Voice Verification

September 12, 2024
Illuma Labs has raised $9 million to speed the development of its voice verification tools. The company, which makes voice authentication technology for banking contact centers, announced its series A...