Element

Element is a biometric digital identity company that provides solutions for financial institutions, governments, and healthcare organizations to streamline the delivery of essential services. Founded in 2012 by Adam Perold and Yann LeCun, the company was established as one of the first to focus on modern AI for digital identity, specifically by developing deep learning capabilities for mobile devices. Yann LeCun is a notable figure in the AI field, and Adam Perold serves as the company's President & CEO.

The company develops mobile-based biometric recognition software that uses the common cameras on mobile devices to capture and authenticate users without specialized hardware. Its core product suite includes solutions for eKYC (Know Your Customer), user authentication, and a risk assessment platform. These products leverage biometrics, liveness detection, and image analysis to facilitate frictionless customer onboarding, secure user engagement, and fraud risk assessment for services like digital account creation and financial product enrollment. Element's AI pipeline can be configured to run entirely offline on a mobile device.

Element's business model is centered on partnering with large organizations to integrate its technology. For instance, it provides mobile biometrics for digital financial services to banks in Indonesia and has been involved in a healthcare access initiative using its software-only palm biometrics. Since 2017, the firm has managed a significant infant biometric program across several countries, aiming to link children to services like vaccinations and birth registration.

Keywords: digital identity, biometrics, artificial intelligence, eKYC, mobile authentication, risk assessment, deep learning, fraud prevention, financial services technology, healthcare identity, identity verification, liveness detection, palm biometrics, infant biometrics, secure onboarding