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Veridas Recognized as a Sample Vendor in the Gartner® Hype Cycle™ for Digital Identity, 2023

This is the second consecutive year that Veridas has been named a Sample Vendor for Third-Party Biometrics and Identity Verification

Veridas, the Spanish technology company specializes in digital identity and biometrics, today announced it has been included as a Sample Vendor in the Gartner Hype Cycle for Digital Identity, 2023. This is the second consecutive year that Veridas has been named a sample vendor for Third-Party Biometrics and Identity Verification.

According to the Gartner Hype Cycle for Digital Identity, 2023: “Modern society is increasingly digitized. As digital identity becomes fundamental in everyone’s lives, organizations’ identity and access management challenges multiply. The innovations in this Hype Cycle can help security and risk management leaders solve these challenges.”

In the ever-evolving digital identity landscape, Veridas offers innovative solutions that bridge the gap between the physical and digital worlds. Veridas’ commitment to responsible AI and its dedication to aligning machine decisions with human values are at the core of its mission.
According to the 2023 Gartner Hype Cycle, “Identity verification can be a key enabler of remote employee or customer interactions, where a high level of assurance in the claimed identity is needed for fraud prevention or compliance purposes. These use cases can include onboarding or account creation, account recovery scenarios, or elevated trust during a high-risk activity, such as a large funds transfer. This can be an alternative to using an orthodox, credential-based authentication method for such events.”

“We are honored to have been named a Sample Vendor for the second consecutive year in the Gartner Hype Cycle for Digital Identity, 2023,” said Eduardo Azanza, CEO, Veridas. As we continue to evolve and innovate, Veridas remains steadfast in providing the world with secure, seamless and responsible solutions that empower individuals and organizations in the digital age. As we continue to raise the bar for reliability and performance. We believe Veridas is not just setting a new standard; we are trailblazing the path for others to follow.”

Veridas’ remains committed to providing cutting-edge technologies that utilize unique morphological and behavioral traits for identity authentication. These technologies offer a multitude of benefits, including enhanced user experience, improved trust and accountability, and the potential for passwordless authentication.

Veridas is driving innovation and setting new standards for secure and user-friendly authentication methods. Veridas’ dedication to independent evaluation is highlighted by our regular submission of biometric engines for evaluation by the National Institute of Standards and Technology (NIST). This practice ensures that Veridas’ technology undergoes meticulous scrutiny, allowing it to provide clients with the most objective and transparent insights into the performance of the solution.

We believe this dedication to rigorous evaluation sets Veridas apart with a solid reputation as a trusted industry leader. Veridas’ recent achievement as the second-best facial and voice biometric engine globally, as recognized by NIST, stands as a powerful validation of its technological prowess.

Veridas’ commitment to “Redefine Trust” goes beyond words, delivering a revolutionary end-to-end platform that integrates biometric and document verification, trusted data sources, and robust fraud detection.

For companies seeking identity verification, Gartner recommends users “Manage a carefully considered vendor selection process by following the guidance in Buyer’s Guide for Identity Proofing.” According to us, Veridas’ solutions align perfectly with this requirement. We think the commitment to provide an unmatched user experience has led to an elevated conversion funnel that sets industry benchmarks. Fully automated and meticulously orchestrated, the IDV Platform offers a seamless integration process that streamlines operations and accelerates implementation. With Veridas, businesses can easily navigate the complex landscape of identity verification, leading to enhanced operational efficiency and reduced time-to-market.

For more information on Veridas’ industry-leading solutions, please visit our website and connect on LinkedIn. Together, we are shaping the future of identity verification and authentication.

Gartner, Hype Cycle for Digital Identity, 2023, 26 July 2023. Gartner and Hype Cycle are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

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.

Veridas is a technology company that was founded in 2017 as a joint venture with BBVA. Since then, it has become a leading global player in the identity industry, serving over 250 clients across 25 countries in sectors such as banking, insurance, telecommunications, and public administration. Veridas’ success is built on its commitment to technology, talent, and hard work. Its mission is to enable secure and reliable identity verification and authentication through its cutting-edge biometric solutions.

Veridas focuses on the “Phygital” identity concept, combining physical and digital identity verification for a seamless user experience. Its modular solutions, which include fully proprietary facial biometrics, voice biometrics, and identity document verification technologies, can be tailored to any scenario.

Veridas was born with the purpose of guaranteeing people’s right to use their real identities in the digital and physical worlds, envisioning a passwordless and keyless future where people are recognized privately, securely, and voluntarily for who they are.

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