Onfido
Market Opportunity
Digital identity is projected to reach a global market size of $266B by 2027. Many industries from travel to financial services to healthcare have already begun integrating identity solutions to reduce fraud and improve customer experience.
Timeliness
As the world as we know it continues its shift online, digital identity has become one of the most important puzzle pieces to building a safer and more secure ecosystem. Identity touches nearly every aspect of our digital lives, and yet each year billions of dollars are lost due to fraud and security breaches.
Differentiation
Onfido has access to unique and proprietary data sets, including relationships with government agencies. That coupled with its technology and AI will lend itself to becoming one of the most trusted tools for organizations to offer digital identification.