iProov reports record 2020 by biometric authentication volume, revenue and customer base

iProov has reported its revenues from its biometric authentication software more than doubled in 2020, compared to 2019, as did its customer base, and the number of people using the company’s technology to authenticate to banks, governments or other organizations around the world surged by 549 percent.

The number of partners in iProov’s partner program also increased by 178 percent. To handle the increase, iProov also increased its global team by 29 percent during the year, opened an office in Singapore, and its first U.S. headquarters.

The company’s highlights during the year include a partnership with the UK’s NHS, and with Eurostar, and to provide biometric facial verification to Singapore’s SingPass national identity platform, along with a range of new major customers.

“In this difficult year, iProov has earned the trust of some of the world’s most demanding organisations,” comments iProov Founder and CEO Andrew Bud. “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,” Bud adds. “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.”

Article Topics

biometrics  |  digital identity  |  facial recognition  |  financial results  |  identity verification  |  iProov  |  partner program