TrustID is recognised for its veteran human-in-the-loop identity services, whilst IDVerse excels in applying automated reinforcement learning to identity solutions. The partnership aims to solidify the capabilities of TrustID’s identity verification services through IDVerse’s advanced generative AI technology. Both companies aim to set new standards in identity validation and security, addressing the growing challenge of digital fraud, including deepfake attacks.
TrustID employs expert human analysts to ensure the accuracy of its verification processes, ensuring utmost confidence in the results. On the other hand, IDVerse leverages state-of-the-art automated reinforcement learning technology, which has displayed excellent performance in document capture and fraud analysis during tests against live data and known fraudulent documents.
TrustID will integrate IDVerse’s technology to improve the security features of its services, ensuring smoother user onboarding and robust compliance with regulatory requirements. The integration is timely given the increasing threat posed by deepfake technologies.
Recent research from IDVerse shows the necessity of the partnership as the company has found that 25% of fraud attempts now involve deepfake media. This partnership will not only enhance TrustID’s service offering but also position it at the forefront of the battle against digital identity threats.
Tony Machin, CEO of TrustID, commented: “We are excited to continue our advancement in identity verification automation with IDVerse and leverage their innovative approach to identity technology. We rigorously tested IDVerse with our own known fraudulent document database and through live data tests to ensure our clients receive only the industry’s best. IDVerse performed significantly better in document capture and fraud analysis than other candidates.”
Matt Adams, CTO and Co-Founder of IDVerse, added: “By leveraging the best of computer vision and human expertise, we address algorithmic bias and ensure compliance with regulations like the EU AI Act and the US White House Executive Order on AI. This approach empowers companies like TrustID to navigate the digital landscape responsibly and with confidence, particularly in combating emerging threats such as deepfake media.”
