iProov Saw Record Growth in 2020 

https://thefintechtimes.com/iproov-saw-record-growth-in-2020/
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iProov, providers of secure biometric authentication technology, has announced a record year of growth across the company. In the 12 months since November 2019, iProov has more than doubled its customer base, more than doubled its revenue and increased its global team by +29%. The number of people using iProov to authenticate themselves with their bank, government or other organisation worldwide increased by +549%, making 2020 a record year for the company.  

Since the start of the year, iProov has added a range of major customers to its portfolio, which now spans government, financial services, travel, social networks and healthcare. A partnership with the NHS is enabling users to create their NHS login remotely and securely, while a partnership with Eurostar, backed by the Department for Transport, will provide contactless travel entry for passengers. 

iProov expanded into new markets in 2020, with the opening of the company’s first US headquarters and an office in Singapore. iProov also increased the number of partners in its partner program by +178% in 2020, integrating its authentication services with other leading identity providers and onboarding specialists.

2020 also saw Singapore introduce facial verification into its national identity platform SingPass, powered by iProov. In September, iProov unveiled the details of the partnership, which enables millions of Singapore residents to access hundreds of digital services online using iProov’s facial verification technology. 

Andrew Bud, iProov Founder and CEO, said: “In this difficult year, iProov has earned the trust of some of the world’s most demanding organisations. By assuring the Genuine Presence of many millions of people worldwide, we have helped protect institutions and the public against an unprecedented wave of fraud in a uniquely inclusive way. The whole iProov team has risen magnificently to the challenge of this rapid growth.

“In 2021, we expect to see digital identity become a big focus globally for governments and businesses whose customers will remain online in the aftermath of the pandemic. Genuine Presence Assurance – the ability to confirm a person verifying is the right person, a real person and authenticating in real-time – will be a necessity”. 

https://thefintechtimes.com/iproov-saw-record-growth-in-2020/