Lloyds Bank has partnered with digital identity company Yoti to launch a reusable consumer digital identity app called “Lloyds Bank Smart ID.” This app enables UK consumers to securely share their personal information with businesses when required.
Yoti, a digital identity firm, developed this solution using its ISO 27001, 27701, and SOC2 Type II-compliant technology. The primary goal is to combat the increasing threat of identity fraud, which is considered a significant risk to the UK public.
Lloyds Bank’s investment of £10 million in Yoti played a pivotal role in connecting UK consumers with secure digital identity verification methods. This initiative follows Lloyds’ recent collaboration with Visa to introduce Visa Commercial Pay, a virtual card solution designed for businesses of all sizes. The platform aims to streamline payment processes, enhance expense management, simplify invoice reconciliation, and provide transparent reporting mechanisms.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}