News & Events

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Boston Tech Deals Roundup – Acquisitions and Funding News

Veridium is creating a different approach to enterprise security using biometrics. Investors: Michael Spencer and Michael Powell Location: Quincy
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Announcing the 2018 BostonFest Coolest Companies Finalists

Now in its seventh edition, the Coolest Companies is not about winning (okay, okay, it’s also about winning); we see it as a chance to create a spotlight for the companies that have the best culture, or that are working on the coolest stuff—in other words, the places where employees end up being happy.
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Veridium Announces Support for Sovrin Blockchain Identity Platform

Veridium is now, in the parlance of Sovrin, a ‘founding Steward’ of the network, joining other major backers including Cisco, Deutsche Telekom, and IBM. Sovrin Stewards commit to offering network, hardware, and security resources to support the Sovrin Network’s operation.
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Veridium Becomes a Founding Sovrin Network Steward

Veridium appears to be well-suited to Sovrin’s project, given its focus on biometric authentication – a mechanism that can be used with blockchain identity platforms to protect the personally sensitive information of end users while still verifying their identities.
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Can biometrics fix Know Your Customer?

Know Your Customer is important in preventing criminals from accessing the international banking system. Its anti-money laundering requirements are remarkably straightforward. Unfortunately, the law creating it doesn’t provide an explicit standard for what types of information are acceptable when verifying customers, which can cause problems.
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Veridium Named Founding Steward of the Sovrin Network

The Sovrin Foundation today announced that biometric security innovator, Veridium would join the the Sovrin Network as its newest founding Steward. Veridium will collaborate with other Stewards to create, operate, and maintain the foundation’s self-sovereign identity network.
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Veridium brings biometric authentication to the Sovrin Network for self-sovereign identity

Veridium has joined the Sovrin Foundation as a founding Steward, and will collaborate with other Stewards to create, operate, and maintain the self-sovereign identity network managed by the foundation.
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Know Your Customer (KYC) Will Be A Great Thing When It Works

KYC started out as one of the least controversial parts of the Patriot Act. Its anti-money laundering (AML) goal is understandable and clearly needed. Given that, how did it end up so wrong?
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Veridium vaults with $16.5M

The Series B was led by U.K. entrepreneur Michael Spencer, with participation from Citrix Systems and investor Michael Powell. Veridium plans to use its $16.5 million to accelerate development of its multifactor biometric authentication platform.
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Biometrics stocks this week: Nuance overhauls board, DHS face ID tests, NEC contracts

This past week it was announced the company raised a Series B round of venture funding that will allow the company to, “… accelerate development of its multifactor authentication platform and grow its sales and marketing presence in the Americas, Europe and Asia.”
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