As remote identity verification technology adoption increases, so does the opportunity for fraudsters to take advantage of weak authentication. To address new challenges, we need well-planned solutions that are not improvised in the highly specialized field of identity verification.
In 2022, we can expect to see a number of exciting developments in this space. Here are the top 5 digital identity trends to watch:
The digital identity landscape is constantly evolving and 2022 is sure to bring a number of exciting developments. It's an exciting time for the world of digital identity. From the rise of self-sovereign identity solutions to the growing importance of identity verification in (not only) online financial transactions, these are the trends that are set to shape the future of digital identity. Stay tuned for more in-depth looks at each of these exciting developments. We can't wait to see what the future holds.
Founded in 2020, Trustmatic has been on a mission to automate trust between organizations and their users. Trustmatic streamlines every verification process with great flexibility and a high level of data security. With 98% first-time completion rates in onboarding processes, businesses can remain KYC & AML compliant with local and global compliance standards and regulations.
Trustmatic supports a variety of identity documents from over 248 countries & territories along with 138 languages. The company's passive liveness detection is backed by the iBeta Level 2 accredited PAD algorithm.