Operator
Good day and welcome to the 2020 Fourth Quarter Earning Conference Call. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Aaron Hoffman. Please go ahead.
Aaron Hoffman
Vice President, Investor Relations
Good morning, everyone, and thank you for joining us today. I hope that all of you remain safe and healthy. On the call today, we have Chris Cartwright, President and Chief Executive Officer; and Todd Cello, Executive Vice President and Chief Financial Officer. We posted our earnings release and slides to accompany this call on the TransUnion Investor Relations website. Our earnings release and the accompanying slides include various schedules, which contain more detailed information about revenue, operating expenses and other items, as well as certain non-GAAP disclosures and financial measures along with the corresponding reconciliation of these non-GAAP financial measures to their most directly compar
TransUnion (TRU) Q4 2020 Earnings Call Transcript
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Self-Sovereign Identity Solutions Provider Northern Block Selects Acuant for Identity Verification and Compliance
LOS ANGELES, Feb. 04, 2021 (GLOBE NEWSWIRE) Acuant, a leading global provider of identity verification solutions, today announced that Northern Block has seamlessly integrated its Identity Proofing and Compliance technology to offer their customers best-in-class Self-Sovereign Identity (SSI) and Verifiable Credential solutions. With Acuant solutions implemented, Northern Block customers have the confidence to accurately verify identities across all channels and provide a faster and more secure process for clients with high-value transaction requirements.
Northern Block helps companies acquire new customers with an improved onboarding experience that builds confidence and trust in the brand to increase the lifetime value of customers. Products including Acuant are easily integrated to existing systems in as little as one week, providing companies outstanding ROI.
Self-Sovereign Identity Solutions Provider Northern Block Selects Acuant for Identity Verification and Compliance
LOS ANGELES, Feb. 04, 2021 (GLOBE NEWSWIRE) Acuant, a leading global provider of identity verification solutions, today announced that Northern Block has seamlessly integrated its Identity Proofing and Compliance technology to offer their customers best-in-class Self-Sovereign Identity (SSI) and Verifiable Credential solutions. With Acuant solutions implemented, Northern Block customers have the confidence to accurately verify identities across all channels and provide a faster and more secure process for clients with high-value transaction requirements.
Northern Block helps companies acquire new customers with an improved onboarding experience that builds confidence and trust in the brand to increase the lifetime value of customers. Products including Acuant are easily integrated to existing systems in as little as one week, providing companies outstanding ROI.
Onfido Delivers Record Revenue Year for Fiscal 2020
82% increase in global ARR fueled by strong demand from enterprises Onfido, the global identity verification and authentication provider, today announced it has recorded unprecedented growth in 2020. Global annual recurring revenue (ARR) increased by 82% year-over-year. The company more than doubled its sales in the US, which is one of its fastest growing regions. In addition, the company added 320 new clients to its roster, fueled by an acceleration of digital transformation initiatives by enterprises worldwide.
According to Gartner, 69% of boards of directors (BoDs) accelerated their digital business initiatives in the wake of COVID-19 disruptions. This, together with a 41% increase in identity fraud, spearheaded the need for greater and more sophisticated remote security measures, in particular identity verification.
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