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Teen-focussed fintech signs with Yoti to enhance security, verify age
May 18, 2023, 7:20 p.m. | Bianca Gonzalez
Biometric Update www.biometricupdate.com
Modak, a fintech company that provides financial services and education to teenagers, recently partnered with Yoti, a digital identity company, to enhance the platform's safety features and verify the age of its users.
Since its launch in December 2022, 25,000 teens have signed up for Modak using Yoti's facial age estimation technology. The tool also enhances the platform's current Know Your Customer (KYC) and Anti-Money Laundering (AML) processes, the companies say.
"In conjunction with our standard banking-related KYC/AML processes, …
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