Research indicates that the identity verification market is growing 30-40% per year in the next few years. Together with our guests Hidde Terpoorten, CEO at Hyfen and Bram Kaashoek, Managing Director Market Intelligence at Main Capital Partners, we discussed the use cases that constitute the growth of identity verification and in what industries we see strong growth.
'Growing identity verification' with Hidde Terpoorten, Bram Kaashoek, Robin Smits and host Wil Janssen
The growing importance of Trusted Identity Verification
Identity verification is a key component of many processes to prevent fraud. From banking to visa applications, from pensions to real-estate transactions. Research indicates that the identity verification market is growing 30-40% per year in the next few years. In addition, we see the growing importance of NFC-based identity verification to ensure quality and conversion.
In this session, Hidde Terpoorten CEO of Hyfen, an APG spin-off, explained the importance of NFC-based identity verification with their use case of life certificates in the pension industry, ensuring safe continuation of pension benefits for elderly people.
Driving the volume of IDV checks
Bram Kaashoek, Managing Director Market Intelligence at Main Capital Partners general market trends, gives a deep dive into the IDV market.
He explains how the market is strongly driven by volume increase and underlying trends as well as the adoption rate and identity verification needs per use case. Bram is joined by Robin Smits, our ReadID Global Sales Director. He tells more about interesting use cases that we see popping up at our customers.