An identity verification platform from Germany with offices in Manchester and London has grown eightfold year-over-year in the UK market.
As part of its high-growth strategy, IDnow has expanded its role beyond offering specific identity verification products and has become recognised as an overarching platform for digital identities, with several million transactions per year.
It is now used by over 900 customers worldwide, including Canopy, MyCDD, Entain and ICICI.
“We’re seeing a significant rise in demand for our services from the UK market this year,” said CEO Andreas Bodczek.
“The pandemic pushed many industries into accelerating their digitisation, and as part of that, consumers now expect a much quicker and fully digital onboarding process.
“The knock-on effect of that has been an increase in cybercrime making security more important than ever and meaning businesses have a heightened focus on delivering a safe and secure process for customers.”
IDnow says it is seeing substantial interest across the world, with more and more companies deciding to switch to fully digital application processes.
To meet the rising demand, it acquired two companies in 2021: French identity technology provider, ARIADNEXT and German-based IdentityTM.
IDnow’s director UK&I, Roger Tyrzyk, added: “Since we launched into the UK in 2019, we’ve seen consistent growth, as businesses look to deploy the most secure digital onboarding processes possible.
“As digitisation continues at pace, we are expecting this demand to continue to grow and as a result, will be looking to further invest in our UK presence, with plans to create more jobs over the next 12 months.
“As digital identity experts, our expansion will come at a critical time, as the UK government moves forward with its Digital Identity and Attributes Trust Framework, a national approach for digital identity solutions which will enable people to prove who they are quickly and safely.”