COVID Drives Explosive Growth of Face Verification and Liveness Detection for Remote Digital Onboarding
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New research from Acuity Market Intelligence reveals COVID-driven acceleration of digital transformation has intensified the need for biometric face verification and liveness detection which have quickly become synonymous with remote digital onboarding.
Face Verification & Liveness for Remote Digital Onboarding Transaction Volume & Revenue Growth
While 88% of vendors included in the report currently process less than 50 million transactions annually, and 62% report annual revenues of less than $10M, 50% are experiencing at least 100% annual transaction volume growth and 46% at least 100% annual revenue growth.
DENVER (PRWEB)
February 23, 2021
According to new research from Acuity Market Intelligence, COVID-driven acceleration of digital transformation has intensified the need for secure, reliable, and trusted digital identity. Citizen and consumer embrace of “digital first” and “digital only” in the wake of pandemic safety concerns and restrictions has opened the floodgates of digitally enabled fraud. Biometric face verification and liveness detection are being widely deployed to address this unprecedented digital security threat and quickly becoming synonymous with secure remote digital onboarding.