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SQR awarded Isle of Man Government Contract

Locally based, digital identity security company SQR has been awarded a major contract with the Isle of Man Government’s Central Registry. This 5 year contract comes into effect, exactly a year post winning the Isle of Man FinTech Innovation Challenge.

In partnership with software development and digital transformation experts, PDMS, SQR has been selected to provide an independent identity verification solution for the Government’s Central Registry. The SQR application, which is certified on the UK Government’s Digital Identity and Trust Framework (DIATF), will be used to seamlessly verify the identity of beneficial owners in the Isle of Man.

In line with its commitment to maintain the Island’s reputation as an internationally responsible and increasingly sustainable jurisdiction, the Central Registry invited expressions of interest from digital identity solution providers to enhance the quality of its current database of beneficial ownership. Fulfilling this requirement gives Central Registry the surety that the identities of beneficial owners are credible and digitally verified.

The SQR solution was selected as a trusted, reliable and independent third-party platform, to provide a simple and seamless method of identity verification; offering assurance for the Central Registry that beneficial owners are who they say they are by validating the data that is held on the registry.

Beneficial owners required to verify their identity will be alerted via email. Once completed, these individuals will benefit from the creation of a free-to-use reusable digital identity, which – with express user consent – can be securely shared with other SQR partner organisations to ease onboarding in the regulated services sector.

The new service will come into effect in July 2024.

SQR’s CEO, Shelley Langan-Newton is delighted with the news: “SQR exists to make the world a safer place to be, do and transact, so being awarded this contract fully aligns with our mission. Helping to deter criminal activity through verified company ownership is part of the global movement towards the highest standards of corporate governance, and we are very proud the Isle of Man Government and its Central Registry have awarded SQR this contract.”

Mrs Ann Corlett MHK, Political Member for Digital Isle of Man at the Department for Enterprise said: “It is encouraging to see SQR’s innovative digital identity solution, which won the Isle of Man FinTech Innovation Challenge last year, now being implemented with the Central Registry. This partnership with the Central Registry is a testament to the talent and forward-thinking capabilities of our local businesses. Digital Isle of Man is proud to support initiatives like these, which not only enhance our technological landscape but also reinforce our commitment to maintaining the Island’s reputation as a leading, responsible jurisdiction in the global digital economy.”

“We are immensely proud to be awarded this contract and help the Isle of Man continue to evolve in accordance with global best practices and international standards. We have no doubt that our digital identity solution will provide a simple-to-use, secure platform for both the Central Registry and beneficial owners. It is a win-win for all” says SQR’s Product and Operations Manager, Rebecca Glassey.

About SQR:

SQR is an award-winning cyber-security company on a mission to make the world a safer place to be.

A leading provider of digital identity and eKYC solutions, SQR uses trusted technology to securely verify and validate individuals’ identities.

SQR enables application users to centrally and securely manage their personal information from one free-to-use reusable account; easily proving their identity or eligibility for services without needing to share unnecessary sensitive data, and always with consent.

Through innovation and collaboration, SQR is at the forefront of revolutionising identity verification and compliance management practices.  

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