Biometric identity firm iProov doubles annual revenue

Posted on December 10, 2020 by Alistair Hardaker

iProov

iProov

Biometric authentication tech firm iProov has more than doubled its customer base and more than doubled its revenue in the last year, it reports. 

In the 12 months since November 2019, number of people using iProov to authenticate themselves with their bank, government or other organisation worldwide also increased by +549%, making 2020 a record year for the company.  

Established in 2012, iProov is head-quartered in London with offices in Maryland and Singapore.

Since the start of the year, the firm has added a range of major customers to its portfolio, which now spans government, financial services, travel, social networks and healthcare.

Used for onboarding, logon and authentication, its customers include the U.S. Department of Homeland Security, the UK Home Office, the NHS, GovTech Singapore, Rabobank, and ING.

Its partnership with the NHS is enabling users to create their NHS login remotely and securely, while a partnership with Eurostar, backed by the Department for Transport, will provide contactless travel entry for passengers. 

iProov expanded into new markets in 2020, with the opening of the company’s first U.S. headquarters and an office in Singapore. 

2020 also saw Singapore introduce facial verification into its national identity platform SingPass, powered by iProov.

In September, the firm unveiled the details of the partnership, which enables Singapore residents to access hundreds of digital services online using the facial verification technology.

Andrew Bud, iProov Founder and CEO, commented: “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. 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”.

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