Weekly Industry News – Week of Dec 18

Yura Nunes
Liminal Weekly Industry News

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Week of December 18, 2023 

Here are the main industry highlights of this week.

Thales Joins Forces with Indonesia’s Nusantara for $300M Smart City Development

French digital security and defense firm Thales is set to collaborate with Indonesia’s new capital, Nusantara, in a strategic partnership focused on smart city initiatives.

Signzy and Verified Inc. Collaborate to Boost Digital ID Verification and eKYC Solutions

Signzy partners with Verified Inc. to improve its identity platform, integrating digital ID services into its AI-based eKYC and fraud prevention solutions for industries like banking and insurance. Verified Inc.’s 1-Click Signup enhances user conversion, supporting secure, compliant digital ID verification and onboarding across sectors.

Deloitte Extends UK Digital Identity Contract with DWP for GOV.UK One Login

Deloitte’s contract for digital identity verification with the UK’s DWP for GOV.UK One Login has been extended for six months, now worth about £1.4 million until March 2024. Deloitte will keep providing knowledge-based verification, comparing user data against government records, to improve online identity checks for GOV.UK.

BIO-key Approves 1-for-18 Reverse Stock Split to Meet Nasdaq Requirements

BIO-key’s board approved a 1-for-18 reverse stock split to boost its share price and comply with Nasdaq’s minimum requirements following its August share issuance and market challenges despite recent contracts. This move aims to maintain its Nasdaq listing.

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