The increasing threat of fraud is making companies turn towards digital identity verification. As the internet operations are growing by the day, the need to securely verify those on the other side is also increasing. It has become a necessity to avoid potential identity theft and other online fraud. Identity verification varies based on the industry, and many companies are budding to meet the demand.
One such identity verification startup is Yoti. Founded by Robin Tombs, Duncan Francis and Noel Hayden in 2014, this London-based startup offers a digital identity platform and app. It lets people prove their age and purchase age-restricted goods, sign documents online using verified digital identities, and login securely to websites even without remembering passwords.