The Long Beach, New York, company said in a statement that the device provides remote mobile biometric identity verification and transaction authentication for all types of high-integrity business interactions with ”know your customer” requirements.
Shares of Ipsidy gained $0.03, or 31%, to $0.14 in Thursday’s OTC Markets trading immediately following the news.
READ: Ipsidy announces launch of its Verified portal system by South Africa's Xpressa Payment Solutions
Applications for Proof by Ipsidy Include financial transactions; application, enrollment and account-opening processes; new customer, remote employee and student on-boarding; sale of age-restricted products; and building access verification.
The company said Proof by Ipsidy allows clients to initiate a simple, two-step identity check from anywhere in the world in minutes by using Ipsidy's mobile app.
Ipsidy said Datapro, a developer of advanced software systems for financial institutions in Miami, will deploy the device to allow financial-services clients to confirm customers' identities.
"We are seeing an escalating demand from our financial services clients for a secure, digital customer onboarding solution," Datapro Chief Technology Officer Javier Montero said. "Ipsidy’s innovative digital identity authentication solutions provided us with a unique value proposition.”
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