IDVerse brings Identity Verification solution to Temenos Exchange

By Gloria Methri

IDVerse, a provider of Identity Verification (IDV), has announced that its Generative AI-trained solution is available on Temenos Exchange, the partner ecosystem for integrated FinTech solutions.

IDVerse’s technology enables Temenos clients to reach a wider range of customers by reducing AI technology bias towards newer devices and operating systems whilst ensuring the highest regulatory standards and document coverage.

IDVerse’s IDV technology is scalable, cloud-native, extendable, and continually updated to protect against the latest fraud vectors. Its newly released identity documents ensure Temenos clients reap the benefits of market-leading research, development and deployment.

Temenos Exchange brings innovation to market faster and at scale. The ecosystem offers pre-integrated and approved FinTech solutions that can be easily deployed on top of Temenos’ open platform for composable banking, enabling banks to accelerate the creation of new financial services while reducing the costs of development.

Martin Bailey, Director of Innovation and Ecosystems at Temenos, said, “Temenos Exchange acts as an accelerator for FinTechs and software developers, helping them develop, validate and monetize new banking solutions. The integration with Temenos and joining Temenos Exchange mean IDVerse can write once and be readily available to banks globally that run on our platform.”

Libby Robinson, Head of Partnerships, IDVerse, added, “IDVerse’s availability on Temenos Exchange further extends our commitment to the banking community and enables Temenos customers to reap the benefits of GenAI easily trained Identity Verification to tackle fraud and diverse customer bases. We look forward to leveraging the power of the Temenos platform to help us achieve our business goals.

Robinson continued, “Our generative AI capabilities offer Temenos customers the speed, innovation and defences to keep up with customer demands and deepfake fraud trends.”