COVID drives market growth of face verification and liveness detection for remote digital onboarding

MC

Mirela Ciobanu

22 Feb 2021 / 5 Min Read

Biometric face verification and liveness detection are being widely deployed to address ‘digital first’ and ‘digital only’ needs for businesses. With global identity verification revenues projected to reach USD 15 to USD 18 billion annually by 2024, there is room for growth.

According to Acuity Market analyses, while 88% of vendors included in the report currently process less than 50 million transactions annually, and 62% report annual revenues of less than USD 10 million, 50% are experiencing at least 100% annual transaction volume growth and 46% at least 100% annual revenue growth rate.

Vendors analysed in this report fall into one of two categories. They develop proprietary face verification and/or liveness detection software as part of their own digital onboarding solutions or component offerings. Or they offer face verification and/or liveness detection software that is integrated into third-party solutions.

The following vendors are analysed in ‘Face Verification and Liveness for Remote Digital Onboarding’: ALiCE Biometrics, Aware, BioID, Cognitec, Credas, Daon, FacePhi, FaceTec, IDEMIA, IDmission, ID R&D, Incode, Innovatrics, iProov, Mati, NEC, Onfido, PXL Vision, Rank One Computing, Shufti Pro, Signzy, Thales, Veridas, Veriff.

Countries:
MC

Mirela Ciobanu

22 Feb 2021 / 5 Min Read

sign up banner
the paypers logo

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

 

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

 



No part of this site can be reproduced without explicit permission of The Paypers (v2.7).

Privacy Policy / Cookie Statement

Copyright