Credas receives government certification for digital identity checks

Anti-money laundering platform Credas Technologies was granted government certification to provide digital identity checks. It is the latest sign that the UK is moving away from physical document checks for processes such as renting property or applying for a job.

The Identity Trust and Digital Attributes Framework (DIAF) which aims to provide a mark of trust that tells businesses looking to use digital identity services that the provider meets certain requirements.

Credas Technologies, based in Cardiff, provides identity services to help clients comply with anti-money laundering (AML) regulations. This process involves the customer knowing who he/she is, and Credas uses document scanning and facial recognition to check this.

“With the number of AML providers ever increasing, the DIATF initiative allows property professionals such as estate and conveyancing agents to easily identify identity verification providers who meet the new Government standard,” said Credas Technologies CEO Tim Barnett.

“This UK government kite can now give the market confidence that a supplier operates to the highest standards, quality and reliability and improves the correct compliance of the organization that could protect against fines which could otherwise be thousands of pounds per sanction.”

Credas’ technology and security processes were extensively assessed by the government before certification was granted.

It comes amid pressure from the government to embrace digital identity technologies and ensure providers are secure.

In June, the digital identity company Yoti, along with the Post Office, became the the first government-approved digital identity provider in the UK.

The approval came later government legislation coming into force that paved the way for employers and landlords to accept certified digital identities for verification purposes.

However, there are concerns among the public and privacy campaigners about digital identity technology. Feedback from the government consultation found that “concerns about fraud, security risks and privacy breaches were frequently raised, as well as concerns that certain groups of society would be excluded by this type of technology in the future”.

Credas receives government certification for digital identity checks

Source link Credas receives government certification for digital identity checks

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