• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

BioRugged banner
  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Directory
  • Podcasts

Onfido Saw Serious Growth Amid 2020’s Selfie Biometrics Boom

February 3, 2021

Onfido Saw Serious Growth Amid 2020's Selfie Biometrics Boom

Onfido has added itself to the roster of selfie authentication specialists celebrating significant gains in the wake of the COVID-19 pandemic last year.

The company has revealed that its global Annual Recurring Revenue for 2020 increased 82 percent year-over-year, with sales doubling in the United States. Three hundred twenty new clients were added to its portfolio.

Onfido also attracted some prominent ecosystem partners in 2020, including Visa, Salesforce, and Okta, among others. Partner ecosystem sales increased 176 percent year-over-year.

The excitement about Onfido’s solution reflects the broader spike in interest in selfie onboarding solutions during the pandemic. Various organizations’ activities have been pushed into digital channels, prompting the need to rapidly implement reliable and user-friendly authentication and onboarding mechanisms.

“Driven by the global pandemic and the associated shutdowns, digital tools and technologies that enable a touch-free world have enabled us to continue working, shopping, learning, and receiving healthcare,” explained Onfido CEO Mike Tuchen. “Digital identity verification is at the heart of all of these online services. As a result, in 2020 organizations have accelerated their digital transformation initiatives. This unprecedented drive to digital drove the demand for Onfido verification services to record levels.”

Tuchen’s appointment as CEO was announced in November, and was evidently part of a larger hiring trend for Onfido. The company increased its staff by 38 percent year-over-year, bringing the total workforce to over 400 personnel.

–

February 3, 2021 – by Alex Perala

Related News

  • Biometric Selfie-based Onboarding is Seeing ‘Explosive’ Growth in Wake of COVID-19: AcuityBiometric Selfie-based Onboarding is Seeing ‘Explosive’ Growth in Wake of COVID-19: Acuity
  • TBI Bank Turns to Onfido for Secure Onboarding ServicesTBI Bank Turns to Onfido for Secure Onboarding Services
  • INTERVIEW: Onfido CEO Mike Tuchen on COVID-19, AI Bias, and MoreINTERVIEW: Onfido CEO Mike Tuchen on COVID-19, AI Bias, and More
  • FacePhi Business Update Signals Ongoing Growth in Unprecedented TimesFacePhi Business Update Signals Ongoing Growth in Unprecedented Times
  • Onfido Pushes Traditional Banks to Offer Better Digital Banking ServicesOnfido Pushes Traditional Banks to Offer Better Digital Banking Services
  • Onfido Provides Biometric Onboarding Tech for MANGOPAYOnfido Provides Biometric Onboarding Tech for MANGOPAY

Filed Under: News, Stocks Tagged With: Biometric, biometrics, coronavirus, corporate updates, COVID-19, face biometrics, facial recognition, Onfido, remote onboarding, selfie biometrics, selfie onboarding

Primary Sidebar

Read the Latest 2020 Year in Review Analysis:

Iris ID

Sponsored Links

AU10TIX, an identity management company headquartered in Israel, provides critical, modular solutions to link physical and digital identities so that companies and their customers can confidently connect.

CMITech is a leading provider of high performance, cost effective iris recognition systems. The company is setting the industry standard for advanced user interfaces that are fast, intuitive and effortless. Serving enrollment and authentication solutions of all sizes, CMITech systems include binoculars-type, wall mount, desktop, and kiosk-type product configurations.

Onfido is building the new identity standard for the internet.Our AI-based technology assesses whether a user’s government-issued ID is genuine or fraudulent, and then compares it against their facial biometrics. That’s how we give companies like Revolut, Zipcar and Bitstamp the assurance they need to onboard customers remotely and securely. Our mission is to create a more open world, where identity is the key to access.. For more information, please visit
www.onfido.com
TECH5 is an international technology company headquartered in Geneva, Switzerland, with branches in the US, Europe and Asia, dedicated to the design, development, and distribution of biometrics-driven Identity Management solutions. Target markets include Government and Private sectors with products powering Civil ID, Digital ID, eKYC, Digital Onboarding, Visitor Management and others. Learn more:
www.tech5.ai
ThreatMark brings trust to the digital world by providing cutting-edge fraud prevention solutions. Major banks use ThreatMark's AI-powered technology and behavioral biometrics to build secured banking experience to precisely verify their legitimate users, seamlessly across all digital channels. All while securing the users' most precious assets and keeping the fraudsters away. Learn more:
www.threatmark.com/
Aware ABIS webinar
MobileIDWorld

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Iris ID

Recent Posts

  • Winter Soldier Biometrics and the Fight Against COVID: This Week’s Top Stories
  • Jumio Hands Out Regional Partner Awards for 2020
  • Zwipe, Tag Reach Go-to-Market Agreement for Biometric Cards
  • Cancer Researchers to Use Biometric Wearables in New Study
  • Auraya Provides EVA Voice Biometrics for Australia’s SuperChoice

Biometric Associations

IBIA and fido
IDEMIA big box

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives

Follow Us

Copyright © 2021 FindBiometrics