London, UK — October 17, 2024-iProov, a pioneer in the field of biometric identity solutions, has unveiled a 63% increase in transactions from August 2023 to August 2024, which can be attributed to the rising popularity of cloud-based onboarding and authentication services.
Given that the world of finances is gradually becoming more digitized, which brings security challenges, iProov has established a strong client base across several sectors, including financial services, government, telecom, as well as education.
One of the growth’s benefits is the overwhelming popularity of generative AI, which has greatly elevated the presence of threats, especially deepfakes.
“As one of the leading providers of identity solutions to the UK government and financial services organizations, we understand the paramount importance of secure, flexible, and dynamic verification and authentication solutions,”
Sandy Porter, founder and CEO of Avoco Secure, emphasized.
“Through our partnership with iProov, we are synergizing our proven and cutting-edge technologies to confront the rising tide of fraud head-on. Together, we aim to deliver our customers a frictionless and secure user experience while simultaneously establishing an unprecedented benchmark in identity security.”
As a result, the company has strengthened its relationships with its core partners, including Avoco Secure and TrustCloud which enable them to counter emerging threats.
iProov has also garnered recognition from fourteen analyst reports in 2024 which include a citation as a notable vendor in Gartner’s Buyer’s Guide for Identity Verification.
In spite of biometric verification waiting for bulk adoption, iProov expands on its innovative intelligence and anticipation of abuse patterns.
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