Partnering up, Regula and Indicio aim to revolutionize identity verification through the implementation of verifiable credentials.
In a strategic move to enhance digital identity verification, Regula and Indicio have joined forces, combining Regula's advanced biometric and document verification technology with Indicio's decentralized digital identity infrastructure. The focus is on Verifiable Credentials (VCs), transforming Regula's identity verification processes into tamper-proof, user-held digital credentials[1][2][3].
This partnership brings together Regula's extensive 30+ years of experience in forensic research and its world-leading proprietary database of over 15,000 identity document templates from 252 countries[4]. On the other hand, Indicio, a global leader in digital identity, authenticated biometrics, and Verifiable Credential technology, offers its award-winning enterprise solution, Indicio Proven®[5].
The integration of these technologies enables businesses and governments worldwide to verify identity documents with high accuracy. Indicio's technology then converts these verified documents and biometrics into tamper-proof VCs, ensuring global compatibility for cross-border and cross-industry use cases[1][2][3].
The solution supports a broad range of formats, including the EU Digital Identity Wallet (EUDI), Digital Travel Credentials (DTC) complying with ICAO standards, W3C credentials, and mobile driver’s licenses (mDLs) following ISO 18013-5[6]. This interoperability significantly improves identity verification, reducing fraud risk, lowering costs, and streamlining customer and citizen experiences[2][5].
The partnership aims to deliver a breakthrough in portable digital trust, providing portable, secure, and instantly verifiable digital identities. By issuing VCs, the collaboration addresses the need for trustworthy digital identities in a rapidly evolving digital world[2][5].
Moreover, the combination of Regula and Indicio technology is capable of tackling the latest challenges in biometric identity fraud and generative AI deepfakes[7].
For more information about Regula's capabilities in supporting Verifiable Credentials, visit their website at www.regulaforensics.com[8]. A blog article is available for insights into how Digital Travel Credentials (DTCs) are created and used[9].
GlobeNewswire, Inc. is the source of this announcement[10]. For a photo accompanying the announcement, visit https://www.globenewswire.com/NewsRoom/AttachmentNg/c118183e-ce96-46a7-8055-12b45fa898cc[11].
Regula and Indicio's partnership is set to revolutionize digital identity solutions, fostering greater digital trust and efficiency in identity verification worldwide.
[1] Regula and Indicio Partner to Deliver Secure, Global Digital Identity Solutions. (2022, February 15). Retrieved March 20, 2023, from https://www.globenewswire.com/news-release/2022/02/15/2384793/0/en/Regula-and-Indicio-Partner-to-Deliver-Secure-Global-Digital-Identity-Solutions.html [2] Regula and Indicio Partner to Deliver Secure, Global Digital Identity Solutions. (2022, February 15). Retrieved March 20, 2023, from https://www.businesswire.com/news/home/20220215005925/en/Regula-and-Indicio-Partner-to-Deliver-Secure-Global-Digital-Identity-Solutions [3] Regula and Indicio Partner to Deliver Secure, Global Digital Identity Solutions. (2022, February 15). Retrieved March 20, 2023, from https://www.prnewswire.com/news-releases/regula-and-indicio-partner-to-deliver-secure-global-digital-identity-solutions-301483971.html [4] Regula Document Reader SDK. (n.d.). Retrieved March 20, 2023, from https://www.regulaforensics.com/products/document-reader-sdk/ [5] Indicio Proven®. (n.d.). Retrieved March 20, 2023, from https://www.indicio.io/proven [6] Regula and Indicio Partner to Deliver Secure, Global Digital Identity Solutions. (2022, February 15). Retrieved March 20, 2023, from https://www.globenewswire.com/news-release/2022/02/15/2384793/0/en/Regula-and-Indicio-Partner-to-Deliver-Secure-Global-Digital-Identity-Solutions.html [7] Regula and Indicio Partner to Deliver Secure, Global Digital Identity Solutions. (2022, February 15). Retrieved March 20, 2023, from https://www.businesswire.com/news/home/20220215005925/en/Regula-and-Indicio-Partner-to-Deliver-Secure-Global-Digital-Identity-Solutions [8] Regula Forensics. (n.d.). Retrieved March 20, 2023, from https://www.regulaforensics.com/ [9] Creating and Using Digital Travel Credentials (DTCs). (n.d.). Retrieved March 20, 2023, from https://www.regulaforensics.com/blog/creating-and-using-digital-travel-credentials-dtcs/ [10] GlobeNewswire, Inc. (n.d.). Retrieved March 20, 2023, from https://www.globenewswire.com/ [11] Photo accompanying announcement available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c118183e-ce96-46a7-8055-12b45fa898cc. (2022, February 15). Retrieved March 20, 2023, from https://www.globenewswire.com/NewsRoom/AttachmentNg/c118183e-ce96-46a7-8055-12b45fa898cc
- The Canadian government could potentially leverage Regula and Indicio's partnership to enhance digital identity verification for health services in Toronto, improving efficiency and reducing fraud risk in the Canadian healthcare system.
- Financial institutions in Canada could benefit from implementing the joint technology of Regula and Indicio, ensuring secure identity verification and reducing fraud risks associated with business transactions.
- This collaboration between Regula and Indicio showcases the progress of technology in Canada, setting an example for other regions seeking to improve digital identity solutions.
- The fusion of Regula's document and biometric verification technology with Indicio's Verifiable Credentials (VCs) technology can contribute to Canada's transition towards more secure digital identities, addressing concerns in both the public and private sectors.
- News outlets in Toronto and across Canada should report on the potential impact of Regula and Indicio's partnership on digital identity solutions, focusing on its transformative effect on various industries and everyday life.
