IdentityMind’s Pioneering and Patented eDNA™ Trusted Digital Identities Is Key to Differentiation
PALO ALTO, CA., August 7, 2018 – IdentityMind Global™, Digital Identities You Can Trust, today announced that it has been identified as a Sample Vendor in Identity Proofing and Corroboration in the Gartner “Hype Cycle for Identity and Access Management Technologies, 2018*,” published July 13, 2018.
“We are exceptionally pleased to be identified as one of only nine Sample Vendors in the Identity Proofing and Corroboration technologies category of Gartner’s “Hype Cycle for Identity and Access Management Technologies, 2018” for our Version 2.0, SaaS-based, trusted digital identities platform for risk and compliance,” said Jose Caldera, Chief Products and Marketing Officer, IdentityMind Global. “We believe the key to our recognition is our differentiated and patented electronic DNA, or eDNA™ for short. Our eDNA technology builds digital assets that represent individuals and their behaviors based on their digital footprint on online transactions. These digital assets are created and maintained over time, becoming richer and far more accurate the more individuals transact.”
IdentityMind’s Version 2.0, SaaS-based, trusted digital identities platform for risk and compliance represents the culmination of years of research in digital identities, machine learning, anomaly detection, regulatory compliance, product development, and close consultation with IdentityMInd clients. It enables clients’ compliance and risk analysts to have a risk-based approach based on the understanding of the user behind the transaction.
According to Gartner: “Identity proofing and corroboration is the combination of activities during an interaction that brings an identity claim within organizational risk tolerance, such that:
- The real-world identity exists.
- The individual claiming the identity is in fact the authentic possessor of that identity.
This process must align three aspects of identity — the real-world identity, the digital identity and the person submitting the identity claim.”
“Identity proofing and corroboration services are evolving beyond traditional ‘identity proofing’ activities related to verification of personally identifiable information (PII),” noted Gartner. “The newly defined market relies heavily on analytics to determine the level of trust in a claimed identity based on real-world and digital identity attributes and behaviors.”
Earlier this year, IdentityMind was also recognized as a Representative Vendor in Gartner’s “Market Guide for Identity Proofing and Corroboration*,” published by Gartner on April 24, 2018. IdentityMind was recognized as one of only three vendors – out of 24 vendors mentioned overall – with capabilities in six out of six uses case for representative vendors in the Market Guide.
IdentityMind is the recipient of two top 2018 industry awards: CIO Review’s 50 Most Promising FinTech Solution Providers and Disruptor Daily’s 10 RegTech Companies Making Waves in the Industry.
- Medium Article: Trusted Digital Identities – Creating a Common Framework for Proofing, Monitoring, and Trusting Digital Identities
- Guide: Trusted Digital Identities – Creating a Common Framework for Proofing, Monitoring, and Trusting Digital Identities
- IdentityMind 2.0 Webinar: IdentityMind 2.0: How Our Clients Helped Us Shape Transaction Monitoring
- Case Study: Why Getting 6,000 Sanctions Screening Matches Is a Good Thing
- Video: IdentityMind 2.0 Introduction Video
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
*Gartner “Hype Cycle for Identity Proofing and Access Management Technologies, 2018,” July 13, 2018.
About IdentityMind Global
IdentityMind Global, Digital Identities You Can Trust, provides a SaaS platform that builds, maintains and analyzes digital identities worldwide, allowing companies to perform identity proofing, risk-based authentication, regulatory identification, and to detect and prevent identity fraud. Built-in transaction monitoring enables e-commerce fraud prevention, anti-money laundering (AML), and counter terrorism financing (CTF). Our patented eDNA™ technology securely tracks the entities involved in each transaction (e.g. onboarding, account origination, money transfers, online payments, etc.) to build unique digital identity trust reputations. This reputation is anonymously shared between customers in IdentityMind’s Global Identity Network. For more information, visit IdentityMind on Web, Twitter, LinkedIn, Facebook, Blog, and Google+.
© 2018 IdentityMind Global. All rights reserved. IdentityMind Global and the IdentityMind logo are trademarks or registered trademarks of IdentityMind Global in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.
Director of Corporate Communications
Email: [email protected]