A London-based identity verification firm has grown 600% in the last 12 months.

Xydus, which supported the NHS during COVID-19 and helps to manage virtual workforces, has rebranded from Paycasso following a record-breaking year.

Over the last decade it has worked with PWC, EY, TransUnion, Equifax, Philip Morris International and Irish Life, as well as the NHS.

It says demand during the pandemic was particularly strong for organisations with large, geographically-dispersed, consumer markets and significant workforces across multiple jurisdictions, such as healthcare and financial services, in the US and Europe. 

The Xydus platform uses technologies such as facial recognition, biometrics, machine learning and multi-layered encryption, which allows workers to enrol and reuse their individual identity across the enterprise in seconds. 

“Recent years have seen massive disruption to the working patterns and online behaviours of billions of consumers and employers, making Xydus more relevant than ever,” said CEO Russell King. 

“A decade ago, faced with a digitally expanding world, we could not think of a much bigger challenge to address than core identity. It is this consistent focus in addressing the challenges in identity management which is now paying dividends for Xysua. 

“This last year’s spectacular sales growth reflects how the need to solve identity issues for this expansive world is only going to grow.”