Onfido Acquires EYN
Onfido, an identity verification and authentication provider, has acquired biometric innovator EYN, whose acoustic liveness technology will be incorporated into Onfido's Real Identity Platform. Financial terms of the deal were not disclosed.
"As we continue to increase our investment in research and development to fill out our arsenal of tools to fight fraud, we're pleased to welcome the EYN team to the Onfido family," said Mike Tuchen, CEO of Onfido, in a statement. "By combining their LiveProof anti-spoofing technology with our existing image-based liveness detection, we'll be able to offer a liveness product that is unmatched in the industry."
"We're thrilled to join Onfido to help shape the future of online identity verification and allow more people to gain access to the vital services they need," said Faridul Hasan, co-founder of EYN, in a statement. "We share the same philosophy as Onfido: building trust and security at onboarding and throughout the customer journey doesn't mean that companies need to compromise on user experience or fraud detection."
EYN's anti-spoofing technology uses audible sound and ultrasound wavelengths from mobile devices to actively probe for the presence of a live person.