Image Source: Tech Crunch

Technology giant Facebook has acquired biometric ID verification startup Confirm.io

As indicated by a report by TechCrunch. According the report, Confirm.io will close down as the group and in addition the innovation will be consumed by Facebook and could help clients who have been bolted out of their records.

Image Source: Tech Crunch

Facebook has confirmed to TechCrunch that it’s obtained Confirm.io. The startup offered an API that let different organizations rapidly check somebody's government-issued identification card, similar to a driver's license, was authentic. The Boston-based startup will close down as both its group and innovation are moved into Facebook, where it could help clients who are locked out of their accounts.

Image Source: Wordpress

Confirm.io had raised at least $4 million from investors, including Cava Capital, since propelling three years prior. The 2015 seed round funded advanced forensics used to pull information from an ID card, and additionally portable biometrics and facial acknowledgment to confirm a person’s identity before the startup erased the individual information.

Customers could rapidly integrate the tech, which facilitated on-request startup staff onboarding. Food delivery service Doordash used Confirm.io to verify its drivers, while Notarize used it to authenticate the identity of clients hoping to record archives. Facebook could potentially deploy the technology in places like India, where it has started testing a new feature for new Indian users that aimed at encouraging them to enter the site using their real names.

Image Source: Hindustan Times

The startup states, “When we launched Confirm, our main goal was to wind up noticeably the market's trusted personality origination platform for which other multifactor verification services can build upon. Presently, we're prepared to take the next step on our journey with Facebook. However, meanwhile this implies the greater part of our current digital ID authentication software offerings will be slowed down."

"We're eager to report that we have agreed to be acquired by Facebook! This is the finish of three years of diligent work building technology that will keep individuals protected and secure online," Confirm said in an announcement on Wednesday.

Image Source: Tech Crunch

Facebook could possibly utilize the technology to have people confirm their identities if they’re locked out of their records in the wake of being hacked or losing their secret key/password. Back in September we spotted Facebook testing a feature that let you unlock your account using a selfie. What's more, since no less than 2013, Facebook has given individuals a chance to mail in a duplicate of their picture ID or other character confirmation materials with a specific end goal to recover access to their record.

Since this is a full acquisition, not only an acqui-hire, Confirm.io’s group and tech could enable Facebook strengthen and streamline these options. Furthermore, one day, maybe Facebook could even fill in as your ID card in a few circumstances. Face ID on the iPhone X could inevitably be opened to third parties to power more biometric security across apps. With our keys and installment cards getting to be digitized and part of our phone, the ID card is really the last reason you have to carry an old-school wallet.

Image Source: Google

In India, Facebook has run a little test with clients to enter their names according to their Aadhaar, to enable them to join to the interpersonal organization with their genuine names and associate with loved ones. Facebook has over 217 million monthly active users in India and 212 million of them are active on smartphones.

It has 2.1 billion monthly active users globally.

Source/References:
Tech Crunch
The News Minute
Money Control

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