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Year in Review: Digital Onboarding’s Pandemic Boom

December 21, 2021

COVID-19 radically changed the way that the world does business. Services and purchases that used to be conducted in person migrated online due to pandemic lockdowns, and that created a surging demand for fraud prevention solutions that could protect those interactions.

Year in Review: Digital Onboarding's Pandemic Boom

One year later, that has translated to an unprecedented boom for the digital onboarding industry. Companies that offer remote onboarding services pulled in more than $3 billion from investors in 2021, and several of those enterprises have gone on to become true tech unicorns as businesses scramble to adapt to a hybrid work environment.

The digital onboarding trend cuts across industries, since any organization that offers services to the public stands to benefit from a more secure remote identity verification process. Biometric onboarding has been particularly popular in the financial services sector, but it has also been deployed in retail, transportation, and healthcare, amongst other fields.

In terms of utility, digital identity technologies are popular because they can streamline the onboarding process while maintaining a high level of security. That, in turn, enables a better user experience for everyday civilians. There will be some turbulence in the identity verification sector in the next few years as competitors jostle for position a crowded marketplace. Even so, digital onboarding is poised to become the new normal for those accessing services online, and that will continue to drive demand in the months and years ahead.

This is one of the major trends we’re tracking in the FindBiometrics Year in Review Survey. The survey is still open, so be sure to make your voice heard and take the survey today!

–

December 21, 2021 – by Eric Weiss

Take the Year in Review survey now:

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We appreciate your participation in this survey! By submitting your information, you consent to share contact details with FindBiometrics (part of the ChannelPro Network, a division of EH Media, LLC.) and the survey sponsors, who may want to follow up with you via email or telephone to provide relevant news and special offers. You will be able to easily opt out any time.

FindBiometrics is part of the ChannelPro Network, a division of EH Media LLC, a leading U.S. business-to-business media company and conference producer.
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The 19th Annual FindBiometrics Year in Review Survey is sponsored by:

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More sponsors to be announced!

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Filed Under: News Tagged With: Biometric, biometrics, COVID-19, COVID-19 pandemic, digital onboarding, FindBiometrics Year in Review, FindBiometrics Year in Review survey, remote onboarding, Year in Review 2021, Year in Review survey

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ID TECH: What Role Will Biometrics Play in the Cyber Cold War? We’re About to Find Out [NEW]

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REPLAY: Travel & Hospitality Virtual Identity Summit

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