Jan. 7, 2025 /Mpelembe Media/ — The Prism Project’s report on the biometric digital identity market projects a $315 billion revenue opportunity by 2024, driven by increasing adoption across various sectors. Key findings highlight significant growth in biometric and digital identity transactions globally, alongside challenges and opportunities within the industry.
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Lloyds Banking Group has invested £10 million in digital identity company Yoti, an investment which supports the development of innovative technology to keep people safe online, tackle the ever-growing risks of identity fraud, and give people more control over their personal data. Continue reading
The EU Digital Identity Wallet Consortium (EWC), was selected by the European Commission to run one of the Large Scale Pilots for the new EU Digital Identity Wallet (EUDI) ecosystem. Avast, a leading digital security and privacy brand of Gen™, sits on the Executive Team of the consortium, having been closely involved in its formation. The EUDI Wallet is a part of the proposed eIDAS2.0 regulation, which will provide all European citizens access to a trusted digital identity provided by their government and accepted by all EU Member States and EFTA. Continue reading