Trust Stamp and Yoti CEO recognized on leadership lists
Finalists of Mission Billion Challenge 2020, a World Bank-sponsored initiative that seeks to ensure inclusivity of digital identity systems for vulnerable groups of persons, have been unveiled with the work of a Nigerian participant winning the top most prize. A biometrics provider and CEO have also won awards for work on technology benefitting social inclusion and development, with announcements from Trust Stamp and Yoti.
The winners of the Challenge were announced by the World Bank on October 21.
Identification for Inclusion (ID4I), a Project by Ibiyemi Ayeni under the banner of Special Olympics Nigeria, highlights the problems hindering persons with intellectual disabilities from getting a digital identity in the country. It also proposes what can be done to remedy the situation, especially as the country plans to establish digital identification for at least 150 million of its citizens in the next three years.
Kiva Protocol’s Sierra Leonean solution emerged second in the Challenge. This is an open source technology used for the issuance of digital identity credentials. The system can host citizen identity wallets and support affordable and compliant customer identity verification for financial institutions.
The third on the winning list is the Mobile Vaani, a project by Gram Vaani in India that aims at reducing exclusion by leveraging Interactive Voice Response (IVR) technology to help citizens register grievances through voice mail. The solution also proposes strategies to reduce exclusion from the public service because of digital ID system limitations.
Other pitches that featured among the top six of the Challenge entries include those of Mastercard and Trust Stamp, an online and offline privacy-enhancing authentication system; FlexID, a digital identity wallet that makes it possible to receive, store and share identity credentials; and the digital KYC for farmers by Uganda’s Laboremus Group, a fast and simple verification system that uses the Ugandan national ID cards to empower the underserved rural folks.
The Mission Billion Challenge is an annual prize of the World Bank which rewards projects that seek to explore how better vulnerable persons can have access to digital ID systems while ensuring their safety and integrity. The project is in line with the United Nations vision of digital identity for all by the year 2030. The Mission Billion Challenge has three categories namely, the Global prize, the Wuri West Africa Prize and the Information Prize.
Trust Stamp’s innovations reap multiple awards
Trust Stamp, while it did not finish on the Mission Billion podium, has also been recognized for its authentication technology and efforts to support inclusion this month, the company said in a news release.
The company did make the short list of the World Bank ID4D Billion Mission Global Prize for its Inclusive Identity entry made in collaboration with Mastercard.
Other recognitions received by Trust Stamp include placement on The 2020 Inclusive Fintech 50 and Tracxn’s Top Emerging RegTech Startups of 2020 list.
The company said it is being rewarded for its technological innovations in the domain of identity authentication especially in fostering financial inclusion and resilience, protecting data privacy while minimizing risk, and rapid growth in the regulatory compliance space.
Yoti’s CEO among Meaningful Business top 100 leaders
Robin Tombs, Chief Executive Officer of digital identity solutions provider, Yoti, has been included in the Meaningful Business Leader 100 for 2020, a distinction that honours outstanding business leaders across the world who are combining profit and purpose for the realisation of the United Nations Sustainable Development Goals (SDGs).
Tombs has been recognised for his company’s efforts, since 2014, to contribute towards one of those goals which pushes for the establishment of a legal identity for all.
“We are delighted to recognise Robin Tombs as part of the Meaningful Business 100 for 2020. In what has been a challenging year for everyone, the MB100 provides an inspiring reminder of the brilliant work being done around the world to solve the biggest issues we are facing today,” said Tom Lytton-Dickie, Founder and CEO of Meaningful Business.
Yoti said in a statement that though the year has been a difficult one, it was a pleasure to find their CEO among some of the best business leaders from across 34 countries of the world.
