Certn, a global leader in background screening trusted by over 20,000 teams and some of the world’s biggest brands, is pleased to announce its acquisition of Trustmatic, a Europe-based remote identity verification company. This strategic move solidifies Certn’s position as a global leader in screening and identity verification technology and enhances its ability to meet the KYC needs of its growing customer base. It also helps Certn further its vision for a global verifiable credentials network.
Trustmatic’s leading identity verification technology consists of identity document reading and authentication, face liveness detection, and biometrics. Trustmatic’s service is entirely automated, which, similar to Certn’s AI-powered products, results in cost and time savings for clients. The service is ISO 27001-certified and suitable for global KYC requirements.
Certn’s CEO and Co-Founder, Andrew McLeod, said, “There doesn’t have to be a trade-off between user experience and security. This acquisition aligns seamlessly with our mission to provide faster and easier screening services. Trustmatic’s innovative technology complements our existing offerings and helps us better serve clients like those in financial services.”
Donal Greene, Founder and CEO of Trustmatic said, “In three short years, we’ve built an expert team of identity professionals and helped protect businesses across the globe from identity fraud while delivering a seamless user experience. Joining forces with Certn is the next step on our mission of providing the world’s most secure and easy-to-use identity verification solution technology.”
Digital identity verification plays a key role in enabling digital transformation by helping organizations and their users to establish trust with each other automatically. The digital identity market size is expected to grow to $173.3bn by 2032.1
- Digital Identity Market Size is Projected to Reach USD 173.3 Billion at a CAGR of 19.80% by 2032. Source: Market Research Future Sep 2023.
About Certn:
Certn offers better and faster experiences for everyone. Certn is revolutionizing background screening with the easiest-to-use online platform, 24/7 customer support, and fast and compliant results from global databases. Why wait? Trusted by 20,000+ teams, Certn helps businesses hire faster and manage risk — all while delivering user experiences that help them stand out. Learn more at certn.co.
About Trustmatic:
Trustmatic is a fast-growing identity verification company that helps businesses detect advanced fraud attacks and onboard more users into their platforms with a high-level of accuracy. Powered by industry-leading AI and biometric algorithms, Trustmatic enables users to verify their identity in seconds using just their ID and a selfie while maintaining a seamless user experience and a high level of security.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231107472832/en/