IDVerse Identity Tech Now on Temenos Exchange

IDVerse's innovative identity assurance technology has been integrated into the Temenos Exchange, a leading online marketplace for fintech solutions. This move will enable financial institutions to bolster their security measures and verify the identities of new end-users with ease.

IDVerse's system utilizes smartphone-captured selfie images and compares them to pictures of physical IDs, supporting over 16,000 types of identity documents across 142 languages. What sets IDVerse apart is its reliance on generative AI training, which avoids privacy concerns associated with large face datasets and ensures diverse representation of subjects.

The Temenos Exchange, operated by Temenos, a global banking software company, provides financial institutions with access to a vast array of fintech solutions and services that can seamlessly integrate with Temenos' banking platform. According to Martin Bailey, Director of Innovation and Ecosystems at Temenos, the Exchange serves as"

Q: What is IDVerse's identity assurance technology?

A: IDVerse's technology verifies identities by comparing smartphone-captured selfie images to pictures of physical IDs, supporting over 16,000 types of identity documents across 142 languages.

Q: What is the Temenos Exchange?

A: The Temenos Exchange is an online marketplace for fintech solutions, operated by Temenos, a global banking software company.

Q: What is IDVerse's FraudHub solution?

A: FraudHub is a solution designed to detect repeat fraud attempts by recognizing familiar faces and identity information across different transactions and channels.

Q: Why did IDVerse rebrand from OCR Labs?

A: IDVerse rebranded to reflect its considerable evolution beyond its initial specialization in optical character recognition technology.

Q: What is the significance of IDVerse's integration with Temenos Exchange?

A: The integration enables financial institutions to access IDVerse's identity assurance technology, providing an additional layer of security and verification for their customers.