Signicat Positioned as Leader in Identity Proofing in One World Identity’s 2019 Identity Industry Landscape
- Digital Identity
- 25.11.2019 09:19 am
Signicat, the Trusted Digital Identity Companyä today announced that it was recognized as a leader in Identity Proofing by One World Identity (OWI). OWI is a market intelligence and strategy firm focused on identity, trust, and the data economy. Each year, OWI designs an Identity Landscape, providing a comprehensive and holistic view of leaders in the identity space. As the identity industry is rapidly developing, OWI’s landscape provides an unparalleled overview of how digital identity applications are evolving and the companies and markets shaping next-generation digital identity.
With over 400 companies and 35 market segments, the 2019 Identity Landscape visually depicts a growing and maturing industry. The new, unique landscape format allows companies to touch multiple market segments, reflecting on the dynamic nature of digital identity applications. The OWI team selected 415 identity companies from a pool of over 2,000 based on several factors.
- Each company must be an identity company OR have a distinguishable line of business focused on identity.
- Each company must be at least 3 years old or have raised $3 million.
- Each company must have a functioning product in the market.
“Since 2017, the number of identity companies has more than quadrupled, from 500 companies to over 2,000,” said Travis Jarae, CEO and Founder of OWI. “With the wave of data breaches and privacy scandals, there is a rapid expansion of identity products and solutions. The OWI team interacts with identity companies every day, from startups to enterprise. We’re proud to share the Identity Landscape each year to distill how new companies, products, and solutions are shaping the future of identity.”
Signicat has been recognized as a leader in Identity Proofing as Signicat offers the most extensive suite of identity verifications in the world through a single point of integration, trusted to reduce the burden of compliance in highly regulated industries. Through Signicat’s Digital Identity Platform, Signicat offers identity verification in 208 countries through identity document scanning, web-based video interviews, and NFC scanning of passports all of which helps businesses increase confidence and reduce risk as they enter into digital relationships with their customers. By ditching manual, paper-based processes and replacing them with digital identity assurance, customer on-boarding is accelerated and access to services is made simple and secure. Signicat has over 800 financial services and other organisations as clients, connecting to more than 25 electronic identity (eID) schemes globally.
Digital identity is the core of digital transformation. From personal to professional applications, identity is the foundation for how we connect, engage, and interact in the digital economy. As there is increasing consumer demand for privacy and security, digital identity is no longer a nice-to-have; it is a pillar of success. The OWI Identity Landscape is a tool to help companies keep track of market growth and trends and understand the strategic importance of digital identity moving into 2020 and beyond. OWI will be releasing a more detailed research report delving into the details of each market segment and how companies within the industry overlap and intersect in upcoming months.
In addition to Signicat’s inclusion in the One World Identity’s 2019 Identity Industry Landscape, its partnership with Rabobank has won ‘Best Fintech Partnership’ at the Financial Innovation Awards 2019. The Financial Innovation Awards recognise some of the most innovative companies in the banking and finance sector. This year 64 companies were shortlisted for awards in 22 categories covering: products & services; customer experience and delivery channels; responsibility and inclusion; and the future of financial services.