Acuant closes IdentityMind acquisition and combines platforms for full digital ID lifecycle management
April 7, 2020
Acuant has completed its acquisition of IdentityMind and is combining its Trusted Identity Platform with IdentityMind’s orchestration layer to expand its reach across the full identity lifecycle, according to a company announcement.
The integration creates a best-in-class identity platform for building, proofing, verifying, and maintaining digital identities, and provides the broadest global coverage of an AI-powered identity platform with API integration for omnichannel transactions, Acuant says.
IdentityMind brings access to data, risk modeling and scoring, all in a single API. The company has traditionally been focused on SMBs, fintech, cryptocurrency and regulatory compliance, industries which Acuant also counts among its customer base, but Acuant President and CEO Yossi Zekri told Biometric Update in an email that his company expects “to solve for identity verification in any industries at the SMB, enterprise and government level.”