Guest article provided by Marnix van den Bent, Datakeeper
Marnix van den Bent (Co-founder & CTO Datakeeper) shares his passion on digital identity wallets on Day 2 at Identity Week Europe 2023.
In today’s digital age, the real estate sector is undergoing a significant transformation fuelled by technological advancements and regulatory developments. One of the key innovations driving this change is the emergence of data wallets. Digital wallets, also known as personal data vaults or identity wallets, provide individuals with a secure and efficient way to manage and control their personal information. In this article, we will explore how data wallets are becoming increasingly prevalent in the real estate sector, revolutionizing traditional processes.
What are Digital Wallets?
Digital identity wallets, usually in the form of mobile apps, allow individuals to securely obtain, store and manage their personal data. These wallets employ advanced encryption techniques to safeguard sensitive information and provide users with insights in, and control over their personal data. By empowering individuals to manage their data, data wallets offer increased privacy and security in an increasingly data-driven world.
A good example of a data wallet is Datakeeper. With the Datakeeper app, consumers can quickly, easily and securely share personal data with companies. Datakeeper sends a pre-verified, minimised set of personal data after the consumer gives consent. Real estate professionals save time, reduce costs and, more importantly, rapidly provide clarity to consumers.
Increasing Prevalence of Data Wallets
The real estate sector has long grappled with legacy systems and manual procedures that increase the risk of errors and fraud. Know Your Customer (KYC) procedures can be labor-intensive, involving multiple parties and extensive documentation. In addition to that, data protection regulations such as GDPR forces to organizations to reconsider which kinds of personal information are strictly necessary for their processes. Data wallets present an opportunity to leapfrog traditional procedures and noncompliant data processing.
Leapfrogging into New Technologies
Rather than simply digitising existing processes, the real estate sector is actively embracing data wallets to revolutionise its operations. Data wallets enable opportunities to automate tasks all the way from simple identity verifications to entire mortgage applications. This leapfrogging approach not only improves efficiency but also enhances data accuracy and transparency in real estate transactions.
New Use Cases: KYC and Mortgages
Datakeeper already boosts the real estate sector for KYC procedures and mortgage applications. KYC procedures involve verifying the identities of buyers, sellers, and other parties involved in real estate transactions.
For example, this allows the identification of Ultimate Beneficial Owners. Similarly, the mortgage application process, which traditionally involves extensive paperwork, can be simplified and accelerated through the use of data wallets. Delays due to manual document checking is minimised.
The government has fact-checked a number of Frequently Asked Questions and misconceptions about the proposed draft legislation to support inter-governmental data sharing between departments in the UK Government.
The consultation, which occurred between January and March 2023, lodged a proposal to maximise the accessibility of citizen’s authentication and verification data when they use a public service with other departments and services within the government.
In adjacent to the legislation being passed, the government has been finalising the expected rollout of the new cross-government GOV.UK One Login system which will unify 190+ different login route-ways to one access portal to public services. One Login users can register an account, sign in and verify themselves in a privacy-preserving and remote way which will be underpinned by the most sophisticated digital identity, giving users a joined up and personalised online experience for a variety of services offered by the public sector.
The enduring preparation of One Login – with the Government digital Service announcing in 2021 the start of the programme – is testimony of a watershed moment to come when One Login is implemented. It unifies the favourable benefits for the government by removing barriers to broad service integration, accelerating digital transformation with a standardised platform and managing sign-on and identity checking. An extension to making One Login available across other departments, One Login offers a new centralised solution that optimises all operations throughout government and how public services are delivered.
The legislation builds on allowing the One Login system and citizen’s data to be extrapolated and leveraged across federated government to simply the repeated secure login process. Both plans promise to create a single online account for users to access all the public services they are entitled to as national citizens and simplify verification.
On mobile and online devices, the UK government is steering away from having autonomy over data and is giving users visibility and control of their own decentralised digital identity, even though the solution is “centralising” identity checks across federated government. They have control over what and how their data is shared and determine ‘reusable proof’ of identity can be saved and remembered for future authentication.
Fraud prevention is strengthened by the proposed authenticating system. Discrediting false hopes around One Login, the fact page – which can be found on gov.uk – denies creating a mandatory digital or physical ID card and says people will be able to “access the services they need, without creating mandatory ID cards”.
Using One Login will not be the only enforced option as inclusion is still a factor that has be focused on in encouraging all sections of society to adopt online onboarding. Offline and face-to-face offices will still be available for individuals, especially older people, who do not want to use the online service.
Cybersecurity is a “priority” for the government and a redesign system reducing over 190 different access logins to 1 will “protect users and their data” to ensure the “security and integrity of online government services”.
One Login is not used for other purposes other than verifying someone’s identity to allow legitimate identity access; consent is not required from citizens for these purposes.
The Financial Times has reported that The Ada Lovelace Institute expresses some “concern” about proposals to increase the use of facial recognition in policing, which also includes CCTV and body-worn cameras.
The Police Minister, Chris Philp’s remarks rehash an ethical and moral debate about the merits of biometric technology to enhance police capabilities while capturing and retaining biometrics information.
The spectrum of criminality is very subjective and extensive, with current guidelines for retaining data differing depending on the severity of crimes committed.
Since changes imposed in 2013, fingerprints and DNA from proven innocent individuals are destroyed immediately, with the police compliant with more a restricted retention schedule.
DNA profiles and fingerprints pertaining to convicted criminals however can be retained indefinitely, for a period of 3-5 years or immediately destroyed.
Emerging startups are being lent support by NADRA’s new initiative to provide a secure integrated biometric verification platform to protect customers’ data.
Taking to Twitter, NADRA’s Chairman called the platform “game-changing” and empowering to ensure biometric verification for onboarding and data sharing is implemented by startup companies to retain customers.
“The introduction of Nishan Pakistan marks a significant milestone in the digital transformation of verification processes. By harnessing the power of biometric technology, NADRA aims to provide startups and young entrepreneurs with cutting-edge tools and resources to facilitate their growth and success,” the statement read.
Companies adopting NADRA’s ID verification system can deliver a secure customer identification service which is rooted in a secure design and privacy when digitally verifying biometric information.
Nishan Pakistan is offering an array of services for desktop or contactless biometric verification including leveraging the capabilities of smart phones to acquire fingerprints for matching, collecting data about their customers and digitalising the Know Your Customer (KYC) process.
Four pilot projects are testing use cases across travel, healthcare, banking and education for the European digital identity wallet which is expected to launch in 2024.
In total, €90 million has been invested into the wallet ecosystem, which receives 50% funding from the European Commission and a further €46 million from the Digital Europe Programme will go towards piloting and supporting the successful implementation of the wallet and eIDAS 2.
The wallet proposal aims to enhance secure cross-border and international transactions of data for individuals and businesses around a diverse range of use cases, for example:
Payments
Presenting medical records and subscriptions
Signing electronic documents
Non-connectivity verification
Displaying mobile driving licenses
Simplifying travel and occupancy in other member states, the EUDI wallet plans also encompass interoperability for privacy and the development of technical specifications through the pilots. However each country will design and build their own technical infrastructure to support equitable access to their public and private sectors.
The exploration of pilots financed by the European Commission will also help member states prepare for the drafted European Digital Identity Regulation.
Banking groups under the European Credit Sector Association recently supported the EU digital identity wallet directive but called for payments to be omitted from the framework over the language it uses to suggest fraud victims could expect reimbursements from banks.
IT infrastructure provider, Kyndryl and Credence ID, a leading provider of biometric authentication, have joined forces to collaborate on the deployment of a digital ID enabling solution that facilitates use mobile payment transactions using driver’s licenses.
Credence ID is offering its latest technology called Verify with Credence™ which streamlines tapping or scanning a mobile driver’s license to verify the user and enable a seamless user experience across the Scottsdale Arizona Motor Vehicle Division.
Bruce Hanson, CEO of Credence ID said:
“Our digital ID verification solution has been designed to meet the evolving needs of modern society, where mobile devices are the norm,’ said Bruce Hanson, CEO of Credence ID. ‘By collaborating with Kyndryl, we can offer a complete end-to-end solution that is scalable and convenient. We are excited to be part of this innovation and look forward to the benefits it will bring to the AZ MVD and its customers.”
The digital ID acceptance solution can verify mobile driving licenses to facilitate transactions using biometrics in the user’s mobile or in the hosting app or wallet. The tap or scan function at the AZ MVD complies with all ISO18013-5-compliant digital wallets.
“We are delighted Credence ID has joined us to offer this innovative solution to the Arizona MVD,’ said Brian Shell, Senior Partner at Kyndryl US. ‘AZ MVD is always quick to embrace and pioneer new technologies that improve the citizen experience. This project is a perfect example of how IT services can be used to transform processes, making them more efficient, secure, and customer friendly.”
Another data misuse allegation was levelled against Facebook-owned Meta Platforms on Monday with Ireland’s Data Protection Commission (DPC) issuing an unprecedented $1.3 Billion fine following investigation.
Violating privacy rules in data transfers to the U.S., the regulator imposed the sanction on Meta amid calls to review surveillance changes over the group’s data handling.
Earlier this month Identityweek.net reported sanctions against Meta for profiteering from children’s data to sell virtual reality products in the Facebook messenger app, unbeknown to parents trying to safeguard their children’s safety. Meta argued that there was nothing untoward in their actions to process users’ data to deliver personalised services and advertising campaigns as users accepted the terms of the service.
The fines staked up in November 2022 as the DPC imposed sanctions over the infringement of EU data protection rules.
The record-breaking fine this time has brought fresh scrutiny over all of Meta’s actions to flout data protection to the foreground.
Ireland’s Data Protection Commission, headquartered in Dublin, criticised Meta’s loose changes which failed to “address the risks to the fundamental rights and freedoms” of such transfers in 2020.
Nick Clegg, Meta’s President of Global Affairs, said that many companies were also using the same legal mechanism. Facebook’s umbrella company Meta now has 5 months to seize processing, storing and using EU protected users’ data to transfer with the U.S.
Phase one is complete for the rollout of the first e-passport enrolment centre for Ugandans living and working in China.
Making the announcement, Simon Mundeyi from the Internal Affairs Ministry signalled the expansion of centres to cover China’s huge and growing population in the near future. Physicals centres will support an initial online and mobile enrolment process.
E-passports were announced to citizens on December 7. Applications can be made at http://www.passports.go.ug where there is an associated fee and booking system to schedule in-person appointments.
The centres, currently being erected in China, will process applications for electronic passports following a 2-year transition period to completely phase out machine-readable passports.
The Directorate of Immigration and Citizenship Control stated that they had embarked on the concentration of centres starting in London, Washington, Pretoria, South Africa and Canada and the rollout programme would be ongoing to build centres in France.
His tone was encouraging to people who have the right to migrate to these countries to work or live, contributing to inclusive and safe societies where everyone has a recognised passport.
Applicants will receive a notification to collect their passport in-person at centres where their fingerprints and photo will be taken.
The introduction of an advanced facial recognition service at Berlin Brandenburg Airport will expel boarding passes from the travel experience for some priority customers.
Premium passengers can enjoy the streamlined service, BER Traveller, which is available now in collaboration with Lufthansa Group. With boarding passes being discontinued from essential travel, the modern passenger’s expectations for security, experience and ease has transcended all thanks to biometrics.
Additional touchpoints in the airport will leverage BER Traveller and process passengers faster to the priority security lanes.
Heike Birlenbach, who is Head of Customer Experience Lufthansa Group said:
“We are improving our passengers travel experience in the long-term through contactless, biometric services since they make airport processes simpler and more efficient. I am pleased that we can now also offer this innovative service to our HON Circle Members and Senators in Berlin. Our customers greatly appreciate this new service at all locations where biometric checks have already been introduced.”
Biometrics adoption
Countless airports and airlines have endeavoured to deliver a “golden age” for travel. In May Emirates Airline announced it will be launching biometric check-in to simply passenger processes while face recognition is being deployed in three international airports.
Delta Air Lines has tested broader modality deployments using fingerprint and iris recognition and seized biometrics as an option of identity verification for daily activities, including onboarding for travel and checking in on our mobiles.
Speaking to high-level influencers at FTE Global, back in 2018, Gil West said “having that option (of biometrics) is quickly becoming an expectation that we are working hard to meet through the Delta biometrics programme” that since, the Star Alliance and individual airports and airlines have replicated.
Travellers at Berlin Brandenburg Airport in 2023 must submit their biometrics and personal information in advance of travelling in an app called FastID. Although voluntary, Berlin Brandenburg and the Lufthansa Group are planning an expansion of biometric offerings over the following months to capitalise on the revenue opportunity and enrol future travel security.
With a long-term biometric entry/exit programme, the U.S. CBP has been one of the most forceful and committed aviation bodies to implementing biometrics and accurate face matching protocols across the U.S., comparing live passengers’ scans with the largest advanced biometrics database.
The biometric service at Berlin Brandenburg Airport will similarly take photos through cameras installed at touchpoints and match the profiles with passengers’ biometric data stored in the FastID app.
Deployments by the Lufthansa Group go as far back as 2018 at Los Angeles International Airport with newer projects including at Hamburg Airport. Lufthansa Group airlines, Lufthansa and SWISS, became the first to launch a new interoperable biometric identification platform developed by Star Alliance in November 2020.
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With an imminent report to be published detailing a roadmap for age verification on adult sites, Australia’s Communications Minister, Michelle Rowland has hinted at taking a holistic approach to rolling out a national digital ID and reforming the Privacy Act.
She stated the government is exploring digital identifiers to manage identity access across numerous government portfolios public-facing services.
“We’re working through this methodically” she said.
Parliament’s Standing Committee on Social Policy and Legal Affairs in 2020 recommended stringent enforcement and compliance with mandatory age verification filters before viewers could access and view porn material online. Online pornography is commonly associated with negative impacts on young people’s development and often skewed ideas of relationships, sex, sexuality and even gender, justifying facial recognition technology despite some “troubling” views around privacy and unnecessary data retention.
A variety of age verification approaches seem to have been whittled down to the proposal of checks based on government-issued national ID that everyone can obtain, allowing at the same time access to a host of government sites.
She stressed she intends the report to quash user concerns of handing over their digital data:
“We’re in an environment in Australia where people are reticent to give over their data … We have every intention of bringing this to a conclusion and releasing the report,” Rowland said.
“The evidence was clear that exposure to online pornography is associated with terrible harms to young people’s health, education, relationships, and wellbeing,” the committee chair, LNP MP Andrew Wallace said.
In 2029 the UK dropped a total ban on holding websites accountable for not using facial recognition solutions to block minors amid privacy concerns.
The Federal Trade Commission has voted to crack down on consumer health apps violating privacy regulations by refreshing its Health Breach Notification Rule and issuing an updated policy on acceptable practices to collect and use consumer biometrics for marketing purposes.
Spotting deceptive or privacy risking practices – particularly data sharing between other third parties – is a priority to safeguard sensitive medical information. While patient data can be shared between professionals within the NHS and healthcare, the emphasis of the FTC’s action is on preserving the integrity of the healthcare profession and the trusted relationship with patients that should prevent their digital identity and privacy being exposed.
Given the proliferation of biometrics across every sector and digital customer services, data security and privacy concerns are heightened in these conditions. Unlike the public NHS portal, there are more health and fertility apps available now which collect health information and capitalise on our interests to better our wellbeing, lifestyles and mental health amid breaking pressure on the NHS and mainstream healthcare services.
The vote took place on May 18. Previous enforcement action has been taken to hold companies like Premom accountability for breaching privacy.
Flo Heath, a period and fertility tracker app, settled a civil penalty brought by the FTC for sharing sensitive health information about women.
The FTC intends to clarify its terms to define “breaches of security” under the rule including the “unauthorised acquisition of identifiable health information that occurs as a result of a data security breach or an unauthorised disclosure”. Any data that infers sensitive health information about an individual such as experiences of mental health should be confidential and omitted from marketing or advertising campaigns.
The FTC is growing increasing concerned over biometric surveillance, although biometrics has many legitimate many sector uses to support law enforcement, immigration, the criminal justice landscape and healthcare if only necessary information is collected to deliver health services. Emotional biometrics on the other hand are widely considered to have no credit or medical commendation to read a person’s mood, feelings or demeanor.
The Home Office Biometrics (HOB) programme will be implemented later than anticipated in March 2025 with huge operational challenges delaying the delivery date.
The deferral will impact a range of business operations that leverage biometric data services to ensure security to their systems, employees and data.
Costs have been incurred by the postponement with the Home Office confirming the amount to be around £2.2 million, contributing to the overall project spend of £5 million to deliver technical Facial Recognition Matching, Live Scanning and Bureau and SCBP digital transformation to the Cloud.
Sustained supplier challenges in the years 2021/2022 and 2022/2023 have had a rippling effect to extend the deployment phase into future years. A greater funding requirement of £76.7 million was requested to see the service fully delivered to not only create a biometric databank for onboarding to government services but also to share useful identity information with other public sector bodies like the police and other government departments.
Hampering the forecast for 2024, the migration of the Strategic Matcher engine from IDENT1 to a newly developed system will also see significant delays.
It is now clear that Stage 1 will not be completed by the end of the current tender, held by Fujitsu, and will become the responsibility of a new appointed vendor that will takeover the completion of phase 1 and further stages.
Fujitsu was appointed in 2018 securing a five-year £28m contract to deliver the creation of biometric matching technology.
The business case for the HOB Programme was approved on 26 September 2022. The prospect of running the programme by March 2025 will eventually deliver modern police practices of undertaking biometric profiling of potential suspects and offenders by collecting their biometrics to complete facial or fingerprint matching.
The statement says the platform will initially provide capability for facial matching, fingerprints, and DNA, optimising and ensuring interoperability with existing biometric products as well as integrating wider biometric modalities such as voice and iris to meet the high demand.
The capture of biometric data will help the Home office to build a databank of “distinct, digitised, and verifiable identities” that can be shared with other government departments.
The statement confirmed that investigating the accounts for the Programme is a “normal procedure” for significant policy proposals or plans on major projects to assess whether they meet the appropriate standards.
In total, to date the project, which began in April 2014, has cost £1.15bn.
WhatsApp is introducing an additional layer of security to protect private or “intimate” conversations from being easily viewed when the app is open.
Chat Lock is a user privacy tool which will upgrade the current chat “archive” option on the popular messaging app. The user can opt to hide conversations from other active chats behind password or biometric authentication.
“Intimidate” chats can be protected from obvious viewing, with some arguing that the feature could an ulterior purpose to conceal affairs or secretive conversations.
Whatapp describes on its website what purposes Chat Lock may be useful for, for example to hide notifications when a “special chat” arrives while someone else is holding the phone.
By tapping a group or 1-2-1 contact’s name, users that may be prone to sharing their phone with family members of friends can easily archive these chats and receive discreet notifications that keep the sender anonymous.
WhatsApp is a highly secure end-to-end encryption platform which delivers total privacy to users, however such strong security is detrimental to retrieving messages used as part of criminal prosecutions. With the police forces encountering this issue too, upcoming legislation may weaken end-to-end encryption on the service, endangering WhatsApp’s future longevity if the bill is passed.
Daniel Goldscheider, Founder of the Open Wallet Foundation speaks to Identityweek.net ahead of his panel discussion on identity and digital wallets at Identity Week Europe. He acknowledges that technology innovation has entered a new state of play with the combination of crypto, bitcoin and our valuable digital credentials with wallets.
The foundation is extremely valuable in the field and focuses on the development of open standards to underpin the variety of commercial wallets solutions available from vendors like Google and Apple.
The interview discusses the pros and cons of competition within the wallet market as the largest technology vendors capitalise on the new revenue opportunity. Our Editor, Evie Kim Sing, asks whether so many different wallets contributes to innovation or is detrimental to interoperability and compliance with open standards.
The fragmentation of their design and development impacts the security of wallets while customers are being encouraged to store all their digital, identity and payments credentials in one place. Daniel gives his take on how the security design of these wallets will be navigated by vendors as a challenge to adoption.
Asked whether every sector is taking a stake in the wallets, he said:
“Some people in the (identity) industry think wallets are about digital identity. People in the credit card world would say digital identity wallets are important because they hold tokenised credit and debit cards. The wallets are all of these use cases and so much more – holding everything from academic to healthcare credentials, digital keys to cryptocurrencies”.
The interview covers:
What is the role of associations/foundations in the field? How has the Open Wallet Foundation evolved and what is the added value in participating?
How have ISO versus open standards evolved?
Do sectors like finance or government need to take a bigger stake in identity wallets, with payment or digital credentials?
Do you think the competition of different wallets is beneficial for innovation or is detrimental to interoperability?
What is the current standard of security in wallets? How can they be made more secure?
Daniel will be speaking more on the theme of verification for wallets on Day 2 at Identity Week Europe 2023, which will take place at the RAI, Amsterdam from 13-14 June.
These sponsors are at the forefront of the digital identity revolution, and they’re helping to drive innovation and progress in the field. We couldn’t be more excited to have them on board.
Innovatrics – Gold Sponsor
IQ Structures – Gold Sponsor
Saviynt – Gold Sponsor
GET Group – Gold Sponsor
Iris ID – Silver Sponsor
JURA Security Printing – Silver Sponsor
Linxens – Silver Sponsor
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Cyrus Bhathawalla is the Chief Administrative Officer for J.P. Morgan Payments APAC. Previously, he was the Global Head for Real Time Payments at JPM.
Join Mr Bhathawalla at Identity Week Asia 2023 in Singapore for the ultimate meeting of industry experts in digital identity, security documents, verification and authentication, and payments in November!
With spaces at Identity Week America’sstart-up city filling quickly, now is the time to apply!
Innovation is at the heart of Identity Week America – we provide a global stage connecting innovators with the world’s most influential companies, investors and media.
We will be welcoming over 3,000 industry professionals to this year’s event from industries including banking, financial services, government, travel, e-commerce and healthcare, to name a few!
Drive brand awareness and utilise our unique networking and funding opportunities by showcasing your start-up at Identity Week America 2023 for FREE!
Confirmed start-ups include:
Campaign Verify
Campaign Verify is a non-partisan, nonprofit service for U.S. political campaigns, parties, and PACs to verify their identity. Identity verification with Campaign Verify ensures that U.S. political entities are not improperly spoofed when they use digital and telecom services to communicate with voters and supporters. Campaign Verify is an independent, trusted third party that interacts with digital service providers. Since its launch in 2021, Campaign Verify has vetted the identity of over 10,000 political entities including Federal, State and Local campaigns.
Cyberneid
Cyberneid designs, creates and manages services and software/hardware solutions, mobile and desktop, for:
the electronic passport
the digital signature and certification of documents in compliance with the eIDAS regulation;- secure onboarding and strong authentication;
the management of virtual electronic identities on smartphones.
the use of the electronic identity card
E-Gator
eGator builds biometric products for identity verification and payments. Their proprietary recognition technology allows for partnerships and multiple use cases, including but not limited to security, social and financial inclusion. The sole objective of eGator is to curb identity theft and identity theft fraud in the EMEA regions, while enabling digital identity as a major asset that underpins the future of banking and finance.
Secfense
Secfense provides a practical cybersecurity solution that simplifies the deployment and management of Two-Factor Authentication (2FA) and Multi-Factor Authentication (MFA), ensuring a secure environment for critical applications and data.
The User Access Security Broker (UASB) technology enables organizations to apply 2FA and MFA across their entire application infrastructure without the need for modifications or complex integrations. This reduces development time and minimizes the risk of human error, resulting in a faster and smoother implementation.
Secfense supports various authentication methods, such as TOTP, FIDO2 and U2F tokens, biometrics, and more, balancing security and user experience. The solution is designed to be flexible and scalable, adapting to the growth of your business, new applications, and an expanding user base.
Sekura Mobile Intelligence Ltd.
Sekura works directly with Mobile Network Operators in over 20 countries in six continents handling the subscriber data of millions of their customers securely, with full data compliance, providing an end user with a secure and swift onboard or login authorised by their SIM card preventing fraud and exposure to scams.
Trully
Trully creates solutions to minimize the risk and fraud in the organizations through the usage of machine learning, big data and collective intelligence.
Trustmatic
Trustmatic is a fast-growing identity verification platform that helps businesses prevent advanced fraud attacks and onboard more users into their platforms with a high-level of accuracy. We offer an all-in-one streamlined verification process built on industry-leading biometric technologies and AI. Trustmatic enables users to verify their identity in seconds using just their ID and a selfie while maintaining a seamless user experience and KYC compliance.
TeachEvolve
TeachEvolve is all about identity. It is the movement and solution that allows everyone – parents, teachers, pupils, schools, school governing bodies, unions, Edtech suppliers, private sector, and the government – to contribute directly to the identity of a child. This is possible due to a unique timing opportunity where the technology is available – Self Sovereign Identity, verifiable credentials, and a need from all stakeholders to collaborate to change and provide personalized, tailored, and lifelong education to every child in the community
Regula, the global developer of forensic devices and identity verification solutions, has been honoured as Most Comprehensive Forensics and Cutting Edge Identity Verification by Cyber Defense Magazine (CDM).
“Receiving one of the most prestigious cybersecurity awards was exciting news to us. We knew the competition would be tough and there would be top judges—leading infosec experts from around the globe. That makes these awards even more remarkable for the company, since we are committed to making considerable contributions to fraud detection and prevention worldwide by constantly improving our identity verification software and devices,” says Arif Mamedov, President and CEO at Regula Americas.
A reliable vendor with 30 years of expertise in forensic research, Regula identity verification software and their wide range of desktop, mobile, and embedded devices are used by Federal and Local Governments, Law Enforcement agencies, border and customs services, banks, aviation companies, and other industry leaders worldwide.
Regula caters to businesses that require a single-vendor solution. Instead of struggling with the complexities of maintaining and managing a wide range of technologies, the company offers a one-stop shop for the entire identity proofing process. This is made possible via its IDV products, which include Regula Document Reader SDK and Regula Face SDK, for document and biometric verification, respectively. With the latest update, implementing identity verification has become much simpler and can be done almost in one click. Additionally, it provides more effective prevention of identity fraud through extended authenticity checks.
Along with its advanced software solutions, Regula also develops devices for border controls and remote forensic experts in identity documents. The company’s hardware toolkit includes the photospectral scanner Regula 88XX, which won one of this year’s CDM awards. The device helps forensic experts authenticate passports, ID cards, driver’s licenses, visas, and other security documents. As a part of a remote authenticity examination system, the scanner is intended to be used at border control checkpoints, which can transfer images of questioned documents to a central forensic laboratory for additional checks. As a result, it helps countries improve border control security.
“We scoured the globe looking for cybersecurity innovators that could make a huge difference and potentially help turn the tide against the exponential growth in cybercrime. Regula is absolutely worthy of these coveted awards and consideration for deployment in your environment,” says Yan Ross, Editor of Cyber Defense Magazine.
To choose the most innovative players in the forensics field, CISSP, FMDHS, CEH, and certified security professionals were appointed as independent judges at the RSA Conference 2023. They voted based on the materials submitted by participants, including but not limited to data sheets, white papers, product literature, and other market variables.
Also, this is not the first time that Regula has been recognized as a security innovator by CDM. In 2021, the company became a winner in the Best Product for Next Gen in Identity Verification category.
