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Veridium sees record deployments of multi-factor authentication platform in Q3

Categories Biometrics News  |  Trade Notes
Veridium sees record deployments of multi-factor authentication platform in Q3

With 16 new deployments worldwide, Veridium has announced record third-quarter results for its multi-factor biometric authentication platform.

During the quarter, the company deployed its technology for seven customers in Mexico, four in Peru, and customers in Costa Rica, Ecuador, South Africa, Germany, and Southeast Asia. Veridium won notable customers in banking, retail, lending, telco, and government services to address challenges such as KYC requirements and customer onboarding, according to the announcement, and formed a partnership with a global IT and business solutions provider. The company expanded its U.S., UK, and Romanian offices, and made ten strategic hires in Boston and London.

Veridium also received accolades and recognition during the quarter, being named to BostInno’s “50 on Fire,” winning Cyber Defense Magazine’s global award in the biometrics category, and being cited as a sample vendor in six different Gartner Hype Cycle reports in July.

“Businesses are recognizing the need to secure their most critical assets with authentication technology that is easy, fast, and secure all whilst reducing cost,” said James Stickland, CEO, Veridium. “At Veridium, we are providing an unmatched, one-of-a-kind approach to authentication for our customers – multifactor security for their digital identities with single-step convenience.”

The company joined the Sovrin Foundation as a founding Steward in July, and raised $16.5 million in Series B funding in June, with plans to invest in sales and marketing.

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