Onfido Receives Frost & Sullivan Innovation Award

Onfido has been given Frost & Sullivan’s 2019 European Technology Innovation Award. The award is one of several Frost & Sullivan Best Practices awards handed out to regional and global companies in a number of different fields, including customer service and strategic product development.

The European Technology award specifically recognizes products with innovative features that have also been gaining traction in the marketplace. Onfido was selected in recognition of its biometric onboarding and identity verification solution, which uses document reading and facial recognition to match a live selfie against the photo on a physical ID. The solution has been deployed in a range of sectors, including background checks, gaming, and financial services.  

“With 240 technologists spread across six countries, Onfido has taken proactive measures to grow in-line with industry demands and the threat landscape,” said industry analyst Doraiswamy Bharath Sunderraj. “Although a number of large technology participants are staking a claim to the identity verification market, Onfido has a strong footprint and intends to grow as a major standalone participant.”

The European Technology Innovation Award continues an excellent 2019 for Onfido. The company recently opened a new office in Paris, and received three Cybersecurity Excellence Awards earlier this year.

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August 29, 2019 – by Eric Weiss

Like all biometrics solutions, face recognition technology measures and matches the unique characteristics for the purposes of identification or authentication. Often leveraging a digital or connected camera, facial recognition software can detect faces in images, quantify their features, and then match them against stored templates in a database.

Face scanning biometric tech is incredibly versatile and this is reflected in its wide range of potential applications. Learn more on FindBiometrics’ Facial Recognition page.