IDVerse Wins Platinum Award for AI in Fraud Prevention Innovation

Artificial Intelligence
03.10.2023 10:30 am

World-leading digital ID verification company IDVerse (previously known as OCR Labs Global) today has been awarded the Platinum Award in the AI in Fraud Prevention Innovation category at the Future Digital Awards for Fintech & Payments organised by Juniper Research.

Since 2008, the Future Digital Awards have recognised companies at the forefront of their respective fields: companies that deliver inventive products or services that disrupt their ecosystems and provide significant benefits to their target audiences. The awards cover four sectors: Fintech & Payments, Telco Innovation, Digital Health Innovation and Smart Cities and IoT Innovation.

The Fintech & Payments awards programme recognises the best technologies in Fintech, Payments, Fraud & Security, Banking, and Blockchain.

John Myers, CEO at IDVerse, comments: “We are delighted that our Zero Bias AI™ tested technology has been recognised as award-winning by the Fintech & Payments Awards. This win is a testament to the impact of our technology and our team's skills, commitment and determination to be the leading solution for digital identity verification on the market. IDVerse is pioneering the use of generative AI to train deep neural network systems to protect against discrimination on the basis of race, age and gender."

IDVerse’s technology has been successfully tested by NIST-accredited labs, iBeta and BixeLab, against recognised biometric international standards like TDIF, SOC 2 and ISO 27001 and Presentation Attack Detection (PAD). No other company in IDV has obtained a similar level of testing certifications, both in terms of the extensiveness of standards and actual test scoring performance.