The adoption of biometrics for authentication has risen steadily over the past decade. This upward trend does not seem to be slowing down any time soon.
by Alistair Hardaker
US identity platform Acuant has acquired Manchester-headquartered counterpart Hello Soda for an undisclosed sum.
Based in Los Angeles, Acuant offers a platform for identity verification, regulatory compliance and digital identity solutions. The move is part of the company’s technology acquisition strategy.
Hello Soda, which also has offices in offices in Texas and Bangkok, boasts clients including VirginBet, Klarna and Paysafe and operates in over 180 countries.
Its technology uses analytics, algorithms and data science modelling to enable businesses to verify customer identities and reduce identity theft and fraud.
Acuant will combine its platform with Hello Soda’s technology, in a move it said “will bring together powerful technology and data science capabilities that are key to unlocking trust in digital identities.”
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The acquisition follows the company s best quarter in history with record revenue
LOS ANGELES, May 04, 2021, the global trusted identity platform for fraud prevention and AML compliance, today announced the completion of the acquisition of Hello Sodaas part of their continued investment and commitment to innovative technology. Hello Soda is a global provider of identity verification and KYC solutions headquartered in the UK with focus on the European and Asian markets. Along with the company s deep expertise in eMoney and gaming, with customers including VirginBet, Klarna and Paysafe, the union will bring together powerful technology and data science capabilities that are key to unlocking trust in digital identities.
Acuant Announces the Acquisition of Hello Soda to Strengthen Its Trusted Identity Platform and Global Position in Digital Identity | Comunicados | Edición USA efe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from efe.com Daily Mail and Mail on Sunday newspapers.
The Hello Soda dark web solution reduces fraud risk by scanning over 600 million dark web records for signs of compromised personally identifiable information. Hello Soda’s other interesting solutions include ProfileiD and iDocufy.
ProfileiD analyzes customers’ digital footprint to automate user authentication “in sub-5 seconds.” iDocufy, on the other hand, verifies over 6,000 forms of government-issued identity documents.
“We could not be happier to join Acuant, bringing our talent, technology, network and expertise to strengthen all we have accomplished and to take our mutual vision further as a team,” stated James Blake, founder and CEO of Hello Soda.
“Our combined technology will serve us well in our joint mission to democratize trust and provide solutions to reach every sector of the global population, allowing every individual to conduct trusted transactions when and where they wish.”