Acuant Named a “Key Innovator” in Consumer Identity and Access Management (IAM) by MarketsandMarkets

LOS ANGELES, May 9, 2017 /PRNewswire/ — Acuant, a leading provider of data capture and authentication solutions, today announced that it has been named a “Key Innovator” by Research Firm MarketsandMarkets in its recent Consumer IAM Market report.

Acuant was selected as a “Key Innovator” among other world class IAM vendors due to its range of innovative solutions that have improved businesses workflows by transacting with identity documents through the capture and verification of unstructured data from credentials and ID documents. Acuant’s core solutions, which include idScan®, AcuFill™, AssureID™, Acuant FRM™ and Acuant CHIP™ are well positioned to drive continued innovation and adoption in the IAM market as it continues to grow, especially in the card not present and mobile transactions markets.

“The market for identity capture and authentication solutions is rapidly expanding, driven by advances in mobility, ongoing business digitization across industries and the evolution of the sharing economy,” said Steve Maloney, Executive Vice President – Business Development and Strategy of Acuant. “We are pleased to be recognized as a key innovator in the IAM market, and believe this is a reflection of the continuously innovative suite of solutions that we offer to our clients.”

The MarketsandMarkets report notes that identity authentication is expected to have the largest market share in the next five years, as organizations widely adopt a range of identity solutions to combat identity thefts and other advanced cyber threats. Moreover, biometrics authentication is estimated to grow at the highest CAGR from 2017 to 2022, due to high adoption in Banking, Financial Services, and Insurance (BFSI), healthcare, and government sectors.

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About Acuant

Acuant Inc. is a global technology company that provides comprehensive Identity Verification solutions responding to various levels of risk and assurance requirements. Utilizing patented technology Acuant transforms data intake into a business-enhancing proposition while instantly reducing the risk of fraudulent transactions.

Acuant’s intelligent engineering is made to work in any industry in any environment with compatibility for Windows, iOS, Android, Hybrid and HTML 5- and built to allow meeting the highest level security requirements and regulations such as KYC, PII, HIPAA and AML. Partners include start-ups, Fortune 500 and FTSE 350 organizations.

For more information, please visit acuantcorp.com