OneLogin lassos $22.5M, Civic links up with CapLiked, new Iowa IDs from Idemia: Friday Deal Book for 06/08/2018

OWI’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and product announcements from across the identity industry. This week, OneLogin brought in another $22.5 million, Idemia announced new partnerships in the U.S. and abroad, and a new agreement from Civic Technologies.

OneLogin gets $22.5 million for access management

The Series C round came from “existing and new investors,” the company said, without disclosing participants. OneLogin’s Unified Access Management platform is used by clients such as Evernote, Pac-12 Networks, and Spaceflight Industries. The funding come just as the company celebrated the opening of a new development center in Redmond, Wash. In the last seven months alone, OneLogin has grown its employee base by 30 percent, led by hires in North America and the Europe, Middle East and Africa (EMEA) region. OneLogin’s Unified Access Management platform is said to secure millions of identities for thousands of companies around the globe, both in the cloud and on premises. [Read more]

Civic Technologies bolsters blockchain ID with CapLinked

The fintech partnership will bring trusted, secure identity services from Civic to CapLinked, which has customers in financial, investment, equity, venture capital, legal, and life science sectors. Civic Technologies is maker of blockchain identity verification technology that allows consumers to authorize use of their identities in real time. CapLinked, meanwhile, is an enterprise platform that allows companies to securely manage data rooms, workflows, private clouds, and complex document management. [Read more]

Idemia, Iowa DoT team up on new driver’s license

The newly designed driver’s license and state identification cards are available to Iowa residents when they renew or apply for a new credential. The cards are designed to reduce fraud and identity theft, using Idemia’s proprietary, linked and layered technology. The company says its IDs are easy for law enforcement, the Transportation Security Administration, and for businesses to authenticate. Separately, Idemia is also working with Iowa on a Bluetooth-connected digital driver’s license, set to launch in 2019. [Read more]

Idemia teams with TIS to develop digital identity platform for financial services in Japan

Idemia was also in the news this week for its new “Paycierge 2.0” platform concept, being developed in partnership with TIS in Japan. The project has been in the works since 2016, but Idemia will join to help with biometric identification. Cited in the announcement were facial, fingerprint, and iris recognition. Biometric verification will be used to authorize sensitive online transactions, such as fund transfers and remote bank account activation. [Read more]

IdentityMind announces new AML platform

The system is focused on advancing transaction monitoring for AML with a user-centric, risk-based approach favored by regulators. “Version 2.0” of its trusted digital identities platform for risk and compliance uses dynamic modeling, a transparent access framework, and contextual identity analysis to aid compliance. IdentityMind says its risk-based approach reduces the cost of compliance and uses methodology favored by regulators. [Read more]

Gemalto touts success of partnership with Belgium’s itsme mobile ID system

Launched one year ago, itsme has enrolled 350,000 users to date. The program was developed in a collaboration between Gemalto and Belgian Mobile ID, which includes local banks and cellular providers. Gemalto said the average user completes six banking transactions and three e-government transactions each month, and the system is now processing one million transactions per month. With the itsme platform, Belgian citizens can create a verifiable ID and conduct transactions with their mobile phone, including interactions with telecoms, financial institutions, human resources, and healthcare. Future improvements will allow itsme users to provide a qualified e-signature that is the legal equivalent of a handwritten signature. [Read more]