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SEATTLE–(BUSINESS WIRE)–January 31, 2022–
Authentic IDthe leading provider of identity verification and fraud prevention solutions, announces a 186% increase in annual revenue year over year, making 2021 the most successful year ever for the company.
AuthenticID’s digital identity technology is 100% automated and powered by its proprietary machine learning platform, the industry leader in unbiased biometric authentication decision making. By accurately verifying the identity of their users, customers enjoy a significant return on investment by stopping fraud losses, increasing customer conversion during onboarding, and reducing operational costs while enabling scalability. fast and cost effective operation.
Jeff Jani, CEO of AuthenticID, said, “2021 has been an amazing year for AuthenticID thanks to our dedicated team, wonderful customers, and strategic partners who have been instrumental in building our momentum. Jani added, “Given the current industry landscape, there is a constant demand for accurate identity verification across all business use cases. From compliance and new regulations to the desire to streamline and simplify user experiences, we see our market opportunities expanding more than expected.”
To support its hypergrowth stage, AuthenticID has doubled its workforce in 2021 and will soon open the doors of a new headquarters in Kirkland, Washington.
Last year, the company received $100 million in investment funding, paving the way for new product development and innovation. AuthenticID is about to launch a new product portfolio that will change the game in the field of identity verification.
About AuthenticID
AuthenticID is a pioneer in the field of identity verification and fraud detection. AuthenticID’s fully automated solution protects identities and mitigates fraud without sacrificing user experience. Founded in 2001, AuthenticID has deep expertise in verifying government-issued identification documents with the industry’s most powerful next-generation automated AI platform for fraud detection and identity verification. ‘identity. AuthenticID’s patented platform is used by the world’s leading financial services companies, mobile carriers and identity verification platforms. The company is headquartered in Seattle, Washington. For more information, please visit www.authenticid.com.
Show source version on businesswire.com:https://www.businesswire.com/news/home/20220131005142/en/
CONTACT: Kristine Champion
Vice President of Marketing, AuthenticID
(e):pres@authenticid.com
KEYWORD: WASHINGTON UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY DATA MANAGEMENT SECURITY
SOURCE: Authentic ID
Copyright BusinessWire 2022.
PUBLISHED: 01/31/2022 10:00 AM/DISC: 01/31/2022 10:02 AM
Copyright BusinessWire 2022.
