financetom
Business
financetom
/
Business
/
MTX Group Inc. Acquires VerifyID.ai to Advance AI-Powered Digital Identity Verification in the Public Sector
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
MTX Group Inc. Acquires VerifyID.ai to Advance AI-Powered Digital Identity Verification in the Public Sector
Oct 22, 2025 11:08 AM

DALLAS, Oct. 22, 2025 /PRNewswire/ -- MTX Group Inc., a global technology consulting firm, announced the acquisition of VerifyID.ai, an AI-based digital identity verification platform designed for the public sector. This acquisition enhances MTX Group's artificial intelligence and cybersecurity capabilities while expanding its innovation footprint in trusted digital identity solutions.

With this acquisition, MTX Group continues to expand its leadership in GovTech and public sector innovation.

VerifyID.ai delivers a simple, flexible, and secure digital identity verification platform with built-in fraud prevention. Using advanced AI technologies for facial and ID recognition, spoof and deepfake detection, and decentralized identity verification, VerifyID.ai empowers governments and organizations to verify identities securely while giving citizens greater control over their personal data.

"This acquisition marks another strategic step in our mission to help governments and enterprises modernize with trust and transparency," said Das Nobel, Founder and CEO of MTX Group. "Identity is central to every digital interaction. VerifyID.ai's advanced AI and decentralized architecture will allow us to reimagine how public sector agencies verify and protect identities—securely, ethically, and at scale."

VerifyID.ai's technology enables password-less authentication, reusable digital IDs, and multi-factor verification, including AI-driven liveness detection, document integrity analysis, and fraud detection aligned with NIST 800-63A standards. Its flexible deployment options—Software as a Service (SaaS), managed, or enterprise-hosted—make it adaptable for diverse public sector environments, from local governments to national identity frameworks.

"This is an exciting opportunity to bring VerifyID.ai's innovations to a broader scale through MTX's global reach," said Girish Chhugani Founder of VerifyID.ai and MTX Group Chief Business Officer. "Together, we will accelerate the evolution of secure, AI-driven identity verification that enhances trust and accessibility across government systems."

David Butter, MTX Group Chief of Client Outcomes, added, "VerifyID.ai complements our AI and public sector portfolio by bringing a next-generation identity verification layer that can be embedded into critical services—from benefits enrollment to licensing to secure access. This is foundational to building digital trust."

With this acquisition, MTX continues to expand its leadership in the GovTech and public sector innovation landscape, enabling government agencies to deploy secure, efficient, and human-centered solutions powered by artificial intelligence and data-driven insights.

About VerifyID.ai

 

VerifyID.ai is an AI-powered identity verification and fraud prevention platform designed for the public sector. Built on secure Microsoft Government Cloud infrastructure, it offers decentralized identity, password-less authentication, and multi-factor verification with advanced facial recognition, document integrity analysis, and deepfake detection. VerifyID.ai empowers governments and enterprises to create trusted, efficient, and accessible digital identity experiences for citizens.

About MTX Group Inc.

 

MTX is a global technology consulting firm that serves as a trusted advisor for government agencies and businesses to modernize through digital transformation. With data as the new currency, MTX helps transform long-term strategy with outcomes focused on happiness, health, and economics. By partnering with leading cloud technologies, MTX improves decision-making with speed and quality.

View original content to download multimedia:https://www.prnewswire.com/news-releases/mtx-group-inc-acquires-verifyidai-to-advance-ai-powered-digital-identity-verification-in-the-public-sector-302591798.html

SOURCE MTX Group

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Volkswagen unveils compact electric SUV ahead of Munich car show
Volkswagen unveils compact electric SUV ahead of Munich car show
Sep 7, 2025
* Volkswagen unveils ID.CROSS, an affordable electric SUV * CEO Blume: Challenges include competition, China price war * Volkswagen ongoing cost cuts include job, capacity cuts (Adds bullet points, context to lead paragraph, changes headline, adds CEO comments in paragraphs 2, 4-5, context in paragraph 7) MUNICH, Sept 7 (Reuters) - Volkswagen unveiled a concept for a new small electric...
US to target more businesses after Hyundai raid, top official says
US to target more businesses after Hyundai raid, top official says
Sep 7, 2025
WASHINGTON (Reuters) -President Donald Trump's administration plans to target more businesses for immigration enforcement after a raid on a Hyundai facility in Georgia led to hundreds of arrests, a top White House official said on Sunday. Speaking on CNN's 'State of the Union,' White House border czar Tom Homan said the administration would intensify the focus on workplaces. We're going...
US to target more businesses after Hyundai raid, top official says
US to target more businesses after Hyundai raid, top official says
Sep 7, 2025
WASHINGTON, Sept 7 (Reuters) - President Donald Trump's administration plans to target more businesses for immigration enforcement after a raid on a Hyundai facility in Georgia led to hundreds of arrests, a top White House official said on Sunday. Speaking on CNN's 'State of the Union,' White House border czar Tom Homan said the administration would intensify the focus on...
Volkswagen presents compact electric SUV ID.CROSS
Volkswagen presents compact electric SUV ID.CROSS
Sep 7, 2025
MUNICH (Reuters) -Volkswagen on Sunday unveiled a concept for a new small electric SUV that is part of the carmaker's push to offer affordable battery-powered vehicles. The ID.CROSS, which will have its world premiere in the summer of 2026, is expected to be priced between 28,000 euros and 30,000 euros ($32,780 and $35,121). From the very beginning, my goal was...
Copyright 2023-2026 - www.financetom.com All Rights Reserved