Image Recognition
Lloyds Invests £10M in YotiLloyds Banking Group has made a £10 million investment in digital identity specialist Yoti, a fellow United Kingdom-based firm. In announcing the investment, Yoti noted that the funding will support its development of a new “reusable digital identity proposition” that will be positioned to complement its existing solutions. News of SoftBank’s latest divestment from the facial recognition firm comes alongside a new report indicating that SenseTime is one of multiple blacklisted Chinese firms that have been purchasing US components through intermediaries. Facial recognition will play a central role in the solution, which will also involve fingerprint biometrics, ID verification, and Software Development Kits. –March 9, 2023 – by Alex PeralaWant to get the identity news digest early?