Mentioned:
A major American bank is turning to a publicly traded company for identify verification technology.
What’s happening:
- Intellicheck (NASDAQ: IDN) has won a new multi million dollar contract with a leading regional commercial bank in the United States for their identify verification technology
Why it matters:
- Intellicheck’s proprietary software known as the Identity Platform is able to rapidly verify both digital and physical identity through facial recognition, risk scoring and advanced analytics
Going deeper:
- The new deal between Intellicheck and the regional commercial bank will span over three years and integrate Intellicheck’s software platform into both their own technology infrastructure as well as in physical branch locations
- Intellicheck’s software is currently being used by technology companies, financial institutions and even title insurance companies
The intrigue:
- Identify verification technology also has continued to be a major theme in Silicon Valley, with Sam Altman’s venture backed crypto startup World just recently rolling out their iris scanning hardware in Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco
