Self-Sovereign Identity Solutions Provider Northern Block Selects Acuant for Identity Verification and Compliance
LOS ANGELES, Feb. 04, 2021 (GLOBE NEWSWIRE) Acuant, a leading global provider of identity verification solutions, today announced that Northern Block has seamlessly integrated its Identity Proofing and Compliance technology to offer their customers best-in-class Self-Sovereign Identity (SSI) and Verifiable Credential solutions. With Acuant solutions implemented, Northern Block customers have the confidence to accurately verify identities across all channels and provide a faster and more secure process for clients with high-value transaction requirements.
Northern Block helps companies acquire new customers with an improved onboarding experience that builds confidence and trust in the brand to increase the lifetime value of customers. Products including Acuant are easily integrated to existing systems in as little as one week, providing companies outstanding ROI.
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I remember when social media was the new frontier, as I did my thesis on a little-known platform called Twitter that had 2,000 users at the time. Clearly, we ve come a long way. As technology and mediums have both evolved, I am always curious to see what s next. While the quick answer may be cryptocurrency or blockchain or even perhaps A.I. more broadly, the real answer, I believe, is the rise in digital privacy and, specifically, identity.
This year, the Covid-19 pandemic expedited how quickly innovators across all industries bring ideas to market, and the digital identity space has become something of a burgeoning topic. According to recent research from Deloitte, digital identities are becoming the foundation of our rapidly evolving, technology-based economy and society.
Applying artificial intelligence to pinpoint unusual benefits applications; Improving fraud-fighting cooperation between the public and private sectors. “Government needs to invest in the right platforms that give them agility to respond to changing fraud tactics,” says Jatin Maniar, CEO at Singular Key, an identity verification company. “It is important to make sure that there is a unified platform approach to reduce the cost of integration, which also has the ability to add new technologies dynamically to respond to constantly shifting fraud tactics and attack vectors.” Stimulus Fraud In 2020, the CARES Act provided $2.2 trillion for COVID-19 relief programs and benefits, including small-business loans and unemployment compensation enhancement, to millions of Americans. But there were reports that fraudsters inappropriately obtained billions of dollars worth of benefits.
Opinion: A secure digital identity product should be an urgent national priority theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.