Veridas named among the top 10 vendors in Third Party Biometrics and Document-Centric Identity Proofing categories
Gartner, the leading information technology research and consultancy company, has recognized Veridas as a key vendor in their latest Hype Cycle for Digital Identity. Specifically, Veridas has been named among the top-10 solutions in two main categories: Third Party Biometrics and Document-Centric Identity Proofing.
This appearance in one of Gartner’s most essential documents adds to the more than ten mentions of Veridas in other documents, including the Market Guides for User Authentication and Identity Proofing and Affirmation, and the Hype Cycles for Digital Government Services, Digital Government Technology, and Frontline Worker Technologies. All of these are Gartner Tier 1 documents.
Hype Cycle for Digital Identity: the most awaited Hype Cycle
As a research company, Gartner regularly publishes different reports and guides for companies to make the best strategic and purchasing decisions. Among the reports they publish, there are Tier 1 documents, the most important documents within the company. There are 3 Tier 1 Documents: Magic Quadrants, Market Guides, and Hype Cycles.
Many of these documents have a long history of annual publications, in which Gartner offers a new version of the same report adjusted to the new business landscape. To do this, Gartner analysts talk to clients and vendors on an ongoing basis to provide the most objective information on the industry in question.
In this case, there was a need to cover a scenario, that of digital identity, which until now had been treated in an atomized manner. Furthermore, the digital identity’s importance is pushing the established limits’ boundaries. As Felix Gaehtgens, the analyst responsible for this Hype Cycle, says: “Digital identity now extends our personal identity beyond our physical presence, and is becoming widely distributed across multiple organizations, systems, algorithms and smart devices.”
This vision of identity fits perfectly with Veridas’ “Phygital” approach to the market. Veridas was born to guarantee people’s right to use their real identities in the digital and physical world, reflected in their portfolio of fully automated and 100% proprietary identity verification and authentication solutions for both worlds.
Top 10 vendor in two categories: Third Party Biometrics and Document-Centric Identity Proofing
The Hype Cycle for Digital Identity touches many different technologies within the identity ecosystem: from identity Wallets, to Internet of Things (IoT) Authentication, Decentralized Identity, etc. Within those 19 categories, two tackle the Veridas portfolio, Third-Party Biometrics, and Document-Centric Identity Proofing. In both, Veridas has been named as of the ten best vendors in the world.
Gartner divides all these categories into different states according to their level of maturity, resulting in a graphic representation: The Hype Cycle. The Document-Centric Identity Proofing category has been tagged to be in a “Plateau of Productivity” status as “the relentless pursuit of digital transformation has led the majority of businesses offering the ability to register for services online” Specifically, for this category, the report recommends to “carefully considered vendor selection process by following the guidance in Buyer’s Guide for Identity Proofing.” Buyer’s Guide that also includes Veridas as a reference vendor.
Concerning Third-Party Biometrics, even though Gartner considers that the technology is under a “Through of Disillusionment” phase, they also highlight that “Third-party biometrics offer organizations greater control over configuration, enrollment, choice of modes and improved customer trust.” This control capability and a higher level of security are some of the main features that make cloud biometric technology more attractive than on-device biometrics.
Veridas mentioned as reference vendor in more than 10 documents
The appearance in the Hype Cycle for Digital Identity adds to more than a dozen appearances by Veridas as a vendor of reference in other Gartner documents. For Veridas, independent evaluation of its technology has always been a fundamental (and foundational) pillar, which is why these citations are so influential.
As an example of this commitment, Veridas continuously submits its biometric engines to the National Institute of Standards and Technology (NIST) for evaluation so that the market can know, in a completely objective and transparent manner, the performance of its solutions. This pledge to independent evaluation is beginning to permeate the market and is now considered an industry standard.
And this endeavor is nothing more than helping clients to “make faster, smarter decisions”, as the famous Gartner slogan says, which we at Veridas share.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.