MOBILEIDWORLD – July 28 – Yoti is encouraging people to use its digital identity app to protect themselves while online dating. The company is specifically seeking to address romance fraud, which increased in 2020. Romance fraud carries an estimated price tag of £18.5M since it entered the British legal code with the Fraud Act of 2006. The problem, according to Yoti, is that many of the most popular dating sites and social media apps do not conduct rigorous identity checks. That means that it is relatively easy to open a fake account for the purposes of committing fraud. The Yoti app verifies each user's identity documents when they register for an account. The Meet Group and DateID have previously used Yoti's technology to verify the ages and identities of people using their online dating platforms. The app had been downloaded 10M times as of April of 2021.
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