IDnow sales in automated solutions increase by 52% in 2022
MUNICH, March 7, 2023 /PRNewswire/ -- IDnow, a leading identity proofing platform provider in Europe, has increased the revenue generated from its AI-powered, automated portfolio by 52% in 2022, compared to 2021. Built with in-house technology, the automated solutions, which include biometric selfies and video liveness checks, can verify customers across a range of industries and use cases in minutes.
- Built with in-house technology, the automated solutions, which include biometric selfies and video liveness checks, can verify customers across a range of industries and use cases in minutes.
- The revenue growth of the company in its automated solutions was driven by three key verticals: Financial services, traditionally the most highly regulated market, nearly doubled its revenue in 2022 with 97% growth year-over-year (YOY).
- Similar developments can be observed in the gaming industry, where regulatory changes are expected to further fuel adoption of automated identity verification.
- In France, the company's revenue from sales of its automated, AI-powered solutions rose by 54%.