AI & Enterprise

Hecto Data expands remote identity verification services, adds passport recognition support

Hecto Data said on Tuesday it will add passport recognition support to its ID and document OCR services. The company said its ID OCR now supports four types: resident registration cards, alien registration cards, driver\'s licenses and passports. Its document OCR covers corporate registry certificates, corporate seal certificates and business registration certificates for individuals and companies. It also introduced liveness and face-match services and provides its OCR via APIs through a developer center.

Crypto

Solana Foundation unveils institutional Solana DvP to cut securities settlement from 1 to 2 days to seconds

The Solana Foundation has launched an open-source settlement program for financial institutions called Solana DvP. The program supports Solana-based delivery-versus-payment, processing asset transfers and cash settlement in a single transaction with the aim of cutting securities settlement time from 1 to 2 days to a few seconds. It is offered as an open-source API, allowing institutions to reuse the structure without building custom smart contracts.