Incode Acquires Identiq to Strengthen Privacy-First Identity Verification and Fraud Prevention Platform
Publish Date: 2026-06-25 10:19:00
Source Domain: www.citybiz.co
As AI-powered fraud grows more sophisticated, organizations are facing increasing pressure to strengthen identity verification while limiting the collection and exposure of sensitive customer data. Against that backdrop, Incode Technologies has acquired privacy technology company Identiq, adding peer-to-peer cryptographic fraud detection capabilities to its identity platform as demand rises for security tools that protect both users and personal information.
The acquisition is part of Incode’s previously announced $100 million investment in expanding its privacy-preserving identity infrastructure. The company said the funding will support continued research and development in privacy-enhancing technologies, increased on-device processing capabilities, additional engineering resources, and broader global expansion.
Identiq specializes in cryptographic technology that enables organizations to collaborate on fraud detection without sharing customers’ personal information. By integrating those capabilities into its platform, Incode aims to allow financial institutions, marketplaces, telecommunications providers, and other enterprises to identify repeat fraud patterns across organizations without relying on centralized databases or exposing sensitive data to third parties.
“We have always believed that privacy and fraud prevention are not a tradeoff, but part of the same problem, solved together or not at all,” Ricardo Amper, founder and CEO of Incode, said in a statement. He described the acquisition as a natural extension of the company’s long-standing privacy-by-design approach.
The acquisition builds on three architectural principles Incode says have guided its platform since its founding. The company has focused on AI-driven identity verification designed to minimize human access to biometric and identity data, while allowing organizations to add human oversight when needed. More recently, it introduced on-device biometric…
