iProov is celebrating its record performance in 2020. The company more than doubled its customer base (and its revenue) in the 12-month period between November 2019 and November 2020, which translated to a 549 percent rise in its total number of end users.
The iProov team grew 29 percent as the company brought on new people to meet the increased demand, while the number of organizations in its partner program went up 178 percent. The company’s software is now being used to authenticate end users in a range of industries, including sensitive industries like government and finance. NHS, Eurostar, and the US Department of Homeland Security are some of the most high-profile additions to that client roster, with the latter awarding iProov $198,407 for phase four screening pilot.
Some of iProov’s other accomplishments include the opening of the company’s first headquarters in the US, and the opening of a new office in Singapore. The company also opened a new Security Operations Centre to help monitor deepfake activity.
Acuant, IDV Pacific, TRUSTDOCK, Evernym, and NorthRow are some of the many companies that have integrated iProov’s identity verification and/or liveness detection technology in the past few months. The company has since secured a top-five spot on the latest Deloitte UK Technology Fast 50 list after posting revenue growth of 6,351 percent for the past four years.
“By assuring the Genuine Presence of millions of people worldwide, we have helped protect institutions and the public against an unprecedented wave of fraud,” said iProov Founder and CEO Andrew Bud. “In 2021, we expect to see digital identity become a big focus 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.”
iProov’s success reflects the broader interest in contactless and remote authentication technologies in response to COVID-19. Other mobile onboarding providers like Jumio and Onfido have also posted record sales numbers during the pandemic.
December 11, 2020 – by Eric Weiss