Incode acquires Identiq, invests $100 million in privacy-preserving identity infrastructure | brief
Incode acquires Identiq, invests $100 million in privacy-preserving identity infrastructure | brief
Publish Date: 2026-06-25 16:33:00
Source Domain: www.scworld.com
Identity verification company Incode Technologies Inc. announced its acquisition of Identiq Protocol Ltd., an Israeli startup specializing in cryptographic tools for sharing fraud signals without exposing customer data. This acquisition is central to Incode’s $100 million investment in privacy-preserving identity infrastructure, according to a recent report by Silicon Angle.The $100 million investment will support on-device processing, research into privacy-enhancing technologies, and engineering hires. Identiq’s technology addresses the challenge of identifying repeat fraudsters across networks without pooling sensitive customer data, thus avoiding the creation of large, vulnerable data stores. Their patented method allows organizations to verify if an identity has been seen before by another institution without sharing customer records. Incode also highlighted its use of proprietary AI for verification, eliminating human reviewers, and on-device biometric processing for sensitive checks like age verification, ensuring personal data remains within the user’s environment.This move comes amid a rise in data breaches, with third-party vendor compromises accounting for 30% of U.S. data compromises last year. Incode holds several key security and privacy certifications, including SOC 2 Type 2 and ISO/IEC 27001, to meet the requirements of its banking and government clients.Source: Silicon Angle
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