LONDON–(COMMERCIAL THREAD) – iProov, the global leader in biometric facial authentication, today announced another year of record growth as global demand for online identity verification continues to soar.
IProov’s 2021 revenue tripled from last year’s results, marking a major milestone for the company. In a single 10-day period in 2021, online verifications exceeded the number achieved for all of 2020. Additionally, iProov delivered over a million verifications in a single day multiple times during of the year. To meet the growing demand for iProov’s award-winning services, the company increased its workforce by 64% across all business lines and geographies from December 2020 to December 2021, with a focus on adding new iProovers in 2022.
“iProov gives people access to what is quickly becoming a fundamental human right: the ability to assert your identity online in a safe, secure and ubiquitous manner, while protecting your privacy, âsaid Andrew Bud, Founder and CEO of iProov. “This higher mission is what drives everyone at iProov to work in a focused and productive way. The result was a profitable year, ending with a very strong and robust cash flow position as well as many successful achievements across our business. ”
In 2021, iProov continued to meet the rapidly evolving needs of major customers and partners around the world. These include the Australian Taxation Office, which selected iProov’s Genuine Presence Assurance â¢ in March to enable Australians to configure their myGovID digital identity, giving them access to services such as tax return management. income, access to health services and demand for benefits. Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, has added iProov Life Assurance and Authentic Presence Assurance to its platform to fight against online crime and fraud worldwide. itsme, the Belgian digital identity app, has selected Genuine Presence Assurance to support its global expansion. And in the rapidly evolving crypto space, Synaps, the Parisian digital identity service provider for cryptocurrency, has also implemented Genuine Presence Assurance.
iProov closed the year by working with Eurostar on the launch of a trial of its accelerated contactless travel service. SmartCheck enables passengers to perform secure ticket verification and UK exit screening on their mobile devices prior to travel. Once at the station, passengers can choose to go through a dedicated SmartCheck lane with two face scans, eliminating the need to produce electronic or paper documentation.
2021 has also seen an increase in demand for authentic presence assurance in a variety of new applications and settings. iProov announced that it is working with the National Science Foundation, the University of Washington and MATTR to produce flexible proof of concept technology to address the issue of verifying the source of online information and its reliability.
iProov also won a number of awards in 2021. These include recognition in the Deloitte Fast 50 of the UK’s fastest growing technology companies for the second year in a row and the appointment of Andrew Bud as the ‘one of the 50 most ambitious business leaders. . Earlier in 2021, iProov won the highly regarded Global InfoSec Award 2021 for Next-Gen Biometrics, three Cybersecurity Excellence Awards, and a Cybersecurity Excellence Award for Best Biometric Solution.
“One of our values ââat iProov is that we ‘achieve the remarkable’ and we certainly did in 2021, in many ways, âsaid Bud. “As we celebrate our accomplishments, we now look forward to the endless opportunities and growth prospects that await iProov in 2022. â
Launched in 2013, iProov is the global leader in online facial biometric authentication, working with governments, banks, and other businesses to securely verify customer identities. Used for effortless integration and authentication, clients include US Department of Homeland Security, UK Home Office, UK National Health Service (NHS), Australian Taxation Office, GovTech Singapore, Rabobank, ING and others. IProov technologies include Liveness Assurance and Genuine Presence Assurance, which ensures that an online customer is the right person, a real person, and authenticates now. This protects against photo, video, mask and digital injection spoofing attacks and against the emerging threat of deepfakes. iProov has been recognized as Gartner Cool Vendor 2020 in Identity Access Management and Fraud Detection. For more information, visit www.iproov.com or follow us on LinkedIn or Twitter.