Digital Identity Verification
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Facephi Reports Solid 1H25 Results, Expects Strong Acceleration in 2H25, and Provides 2025–2026 Financial Guidance
Globenewswire· 2025-10-31 07:00
Core Viewpoint - Facephi Biometría, a leader in AI/ML-powered digital identity verification, reported solid financial results for the first half of 2025 and provided optimistic guidance for 2025 and 2026, highlighting strong revenue growth and positive free cash flow for the first time in its history [3][9]. Financial Performance 1H25 - Total contract value increased to €65.4 million, reflecting a 50% growth compared to 1H24 [4]. - Net revenue rose to €12.6 million, a 7.9% increase year-over-year, with an 11.3% increase when excluding foreign exchange changes [4]. - Normalized EBITDA improved significantly to -€0.2 million from -€2.7 million in 1H24, indicating a positive trend in operational efficiency [4][6]. - Free cash flow for the last 12 months was -€4.4 million, an improvement of €4.4 million compared to the previous year, with a positive cash flow of €0.01 million when excluding foreign exchange changes [4][6]. Financial Guidance 2025-2026 - Projected net revenue for FY 2025 is €36.4 million, representing a 26.4% CAGR from FY 2024 to FY 2026 [5]. - Expected normalized EBITDA for FY 2026 is €11.0 million, reflecting a substantial growth of 231.7% CAGR from FY 2024 to FY 2026 [5]. - Free cash flow is anticipated to turn positive in FY 2026, reaching €4.3 million, a significant increase from -€1.0 million in FY 2025 [5][7]. Strategic Developments - The company is focusing on geographic expansion, now serving clients in over 30 countries, with notable growth in the EMEA region, which increased its revenue contribution from 1.3% in FY 2024 to 4.6% [13]. - Sector diversification is progressing, with insurance, pensions, and fintech now accounting for 5.1% of revenues, up from 3.0% [13]. - Facephi has evolved its product offerings to provide a comprehensive Identity & Anti-Fraud platform, enhancing its market position and service capabilities [13]. Outlook - The company anticipates strong acceleration in the second half of 2025 and into 2026, supported by robust revenue, EBITDA, and free cash flow generation [9].
Eightco Holdings Inc. ($ORBS) Makes Strategic Investment into Mythical Games to Accelerate Human Verification and Digital Identity in Gaming
Prnewswire· 2025-10-13 12:30
Core Insights - Eightco Holdings Inc. has made a strategic investment in Mythical Games' Series D financing, alongside ARK Invest and World Foundation, reinforcing its role in digital identity and verification for the post-AGI world [1][2] - The partnership aims to integrate Worldchain's Proof of Human verification and single sign-on capabilities into Mythical Games' ecosystem, enhancing security and user experience in gaming [2][3] - Mythical Games has a strong portfolio with over 1 million installs for each of its three live games, totaling over 10 million installs, and a marketplace handling over $400 million annually in NFT sales [4][5] Company Overview - Eightco Holdings Inc. (NASDAQ: ORBS) focuses on building the authentication and trust layer for the post-AGI economy, emphasizing consumer, enterprise, and gaming authentication [6][7] - Mythical Games, led by former Call of Duty studio head John Linden, is a pioneer in Web3 gaming, creating a new economy for players through blockchain technology [7] Strategic Goals - The collaboration between Eightco and Mythical Games aims to create a global trust framework that enhances digital ownership and fair play in gaming [2][5] - The integration of Worldchain is expected to facilitate seamless interoperability between gaming assets and identities, reducing fraud and improving user onboarding [3][5]
More Industry Honors for Mitek Systems in Fight Against AI-Powered Fraud
Businesswire· 2025-10-13 11:31
Core Insights - Mitek Systems, Inc. has been recognized with two prestigious awards at Juniper Research's Fintech and Payments Future Digital Awards 2025, highlighting its leadership in digital identity verification and fraud prevention [1] Group 1: Awards and Recognition - Mitek Systems won 'Fraud and Security Innovation of the Year' and 'Best Identity Verification Innovation' at the awards [1] - These awards underscore Mitek's innovation and leadership in addressing significant threats in identity verification [1] Group 2: Industry Context - The recognition reflects the growing importance of fraud prevention and identity verification in the fintech sector, as these areas are becoming increasingly critical due to rising concerns over security [1]
Trust Stamp Unveils Zero-Knowledge Proofs for Remote Human Presence, Advancing KYC and Age Assurance
Globenewswire· 2025-09-23 13:45
Core Insights - Trust Stamp has introduced a pioneering advancement in digital identity and age verification through Zero-Knowledge Proofs (ZKP) for remote human presence, addressing the need for secure and privacy-preserving solutions in KYC and age assurance processes [1][2][3] Group 1: Technology and Innovation - Traditional age and identity verification methods compromise user privacy and are vulnerable to credential sharing and "friendly fraud" [2] - Trust Stamp's Biometric Bound Credentials (BBCreds) utilize ZKP technology to cryptographically bind age and identity credentials to an individual's biometric features without storing biometric templates, ensuring that only the legitimate user can access age-restricted services [2][3] - The ZKP-based approach allows organizations to verify remote human presence and age without exposing sensitive biometric data, enhancing compliance and user trust [3] Group 2: Industry Relevance - The innovation is particularly significant as it addresses urgent requirements for age verification to comply with online child safety regulations globally [3] - Trust Stamp's mission is to deliver privacy-first authentication solutions that empower users and organizations worldwide, redefining secure, user-centric digital identity and age verification [3][6] Group 3: Company Overview - Trust Stamp is a global provider of AI-powered services across multiple sectors, including banking, finance, regulatory compliance, government, healthcare, and more, focusing on reducing fraud and enhancing operational efficiency [6] - The company trades on the Nasdaq Capital Market under the ticker IDAI and has a diverse team from twenty-two nationalities across eight countries [6]
Facephi Named Representative Vendor by Gartner(R) in the Market Guide for User Authentication 2025
Globenewswire· 2025-09-03 14:38
Core Insights - Facephi has been recognized by Gartner as a Representative Vendor in the Market Guide for User Authentication 2025 and featured in the Hype Cycle for Digital Identity 2025, highlighting its position in the digital identity verification market [1][14] Company Overview - Facephi specializes in digital identity verification, combining facial, fingerprint, and voice biometrics with passive liveness detection and behavioral analytics to enhance security in banking and regulated sectors [2][5] - The company operates in over 30 countries, reinforcing its status as a leading provider in the rapidly growing digital authentication market, driven by online fraud and regulatory demands [2][10] Technological Advancements - Facephi's technology integrates multi-biometric authentication, behavioral analysis, and passive liveness detection into a unified platform, which helps reduce account takeover and digital fraud while maintaining user experience [4][5] - The company offers passwordless authentication and phishing-resistant multi-factor authentication (MFA), ensuring compliance with regulations and enhancing security [6][9] Market Trends - Gartner predicts that by 2029, organizations using phishing-resistant MFA will experience 80% fewer credential-based security breaches compared to those relying on traditional methods, indicating a significant shift in security practices [3] - The increasing sophistication of cyber threats necessitates advanced authentication methods, which Facephi addresses through its innovative solutions [6][7] Recognition and Achievements - In March, Facephi received recognition from the U.S. Department of Homeland Security for its excellence in presentation attack detection, ranking highly according to the National Institute of Standards and Technology (NIST) [7]