The founders of IML are Adam Hegedüs and Roland Trimmel and the IP and software that are part of this transaction are used in facial liveness detection, age classification and know-your-customer checks.
Yinda Infocomm has entered into a definitive agreement to spend €1.5 million ($2.38 million) to beef up its digital identity management capabilities.
The company will do so by taking a 70% stake in an entity called GenesisPro, that is in turned used to hold a mixed portfolio of intellectual property and software bought from Austria-based The Institute of Machine Learning.
