PR95361

LONDON, April 6, 2021, /PRNewswire=KYODO JBN/--

Company builds on recent acquisitions of Acuant and IDology and creates a

global product group to further deliver greater benefits for current and future

customers

- Acuant and IDology teams unite under the leadership of Christina Luttrell,

formerly the CEO of IDology, creating the largest pure play identity

verification and fraud prevention provider in the Americas.

- GBG’s newly formed Global Products group will be led by Yossi Zekri, former

President and CEO of Acuant, to accelerate market leadership which includes

GBG’s identity platform powered by the most globally comprehensive identity

document library.

- Since the acquisition of Acuant, GBG has already recognized key wins and

benefits delivered to customers both directly and via partners, including one

of the world’s largest global crypto exchanges and one of the largest Telcos.

GBG was also named a Representative Vendor in 2022 Gartner® Market Guide for

Identity Proofing and Affirmation(1).

GBG, the experts in digital location, identity verification and fraud software,

today announce the next step in the company’s growth strategy, uniting Acuant

and IDology under the leadership of Christina Luttrell, formerly the CEO of

IDology. This union creates the largest pure play identity verification and

fraud prevention provider in the Americas. To further accelerate global

capabilities and ensure a consistent experience with best-of-breed solutions,

GBG also announces the formation of a Global Products group led by former

Acuant President and CEO Yossi Zekri.

Since the acquisition of Acuant in November 2021, the company has already

delivered significant benefits for customers around the world with the combined

forces of GBG, IDology and Acuant. Building on the opportunity to introduce

existing GBG customers to Acuant capability, we have also seen new customers

and projects delivered by the combined businesses. Examples include a top five

multinational telecommunications conglomerate that has implemented Acuant’s

identity proofing and fraud fighting solutions across all 500 retail locations

with 1500 franchised stores to follow suit, delivered via one of the largest

global partners in Acuant’s extensive partner network. Acuant and IDology are

also making further strides in the fast-evolving cryptocurrency market, working

directly with one of the world’s largest global crypto exchanges to extend

current Transaction Monitoring, KYC and PEPs and Sanctions re-screening

services with data and technology from IDology to further fight fraud and

achieve regulatory compliance.

Chris Clark, Chief Executive Officer at GBG, said:

“Following Acuant becoming part of the GBG family, I am delighted the teams are

now integrating further to deliver benefits to our existing and future

customers. Our strategy has always been based in the principle of “think

globally, act locally.” As we have acquired and built capability over the

years, we have always been clear on balancing the global reach of technology

and globally relevant products like documents, with strong regional execution

that adapts our propositions to the needs of local markets, local regulations

and local use cases. I couldn’t be more excited about the next steps in our

journey.”

By uniting Acuant and IDology, GBG becomes the biggest identity and fraud

specialist in the world’s largest and most strategically important market. It

also creates an identity network with over 450 million digital identities to

fight synthetic fraud, one of the most difficult-to-spot and fastest growing

forms of identity fraud, and provides the most comprehensive identity solution,

covering KYC, KYB, risk management and fraud detection. Additionally, GBG was

recently named as a Representative Vendor in 2022 Gartner® Market Guide for

Identity Proofing and Affirmation1. This report recommends that organisations

“manage risk across the user journey by deploying an orchestration solution

(either stand-alone or integrated into a broader solution) to manage the

complex interplay between identity proofing, fraud detection and user

authentication capabilities.”  

Christina Luttrell, Chief Executive Officer, Americas at GBG, remarked:

“North America is the world’s largest and most developed market globally for

identity and fraud solutions and represents a tremendous opportunity for us to

join forces in delivering deep expertise and innovation. I am honoured to lead

this team forward, united in a mission and stronger together to deliver the

very best to our growing client base.”    

The new Global Products group brings together the document strengths of Acuant

and GBG which include the most globally comprehensive identity document

library, with proprietary technology and market-leading anti-tampering

capability. In addition to documents, it brings together the platform

capabilities of the group, including data, document, biometrics, device, PEPs

and Sanctions, and crypto monitoring in the core regions of the Americas, EMEA

and APAC. As the only provider with proprietary automated fraud, document, and

data capabilities, GBG’s accelerated innovation and differentiation delivers

unprecedented value to customers.

Yossi Zekri, Executive Officer, Global Product at GBG, stated:

“By combining our strengths, including the most skilled industry experts and

inclusive, best-in-class technology that serves all of the world’s population,

we are empowering businesses, governments and financial institutions to

transact with trust whenever and wherever they need it. It is a thrilling time

to be transforming the identity space.”

About GBG

We are the experts in digital location, identity and managing fraud risk and

compliance. Helping organisations across the globe eliminate customer friction

and fraud from their digital experiences. GBG develop and deliver digital

identity, address verification, fraud prevention and compliance software to

over 21,000 customers globally.

Through the combination of the latest technology, the most accurate data and

our unrivalled expertise, GBG helps organisations ranging from start-ups to the

largest consumer and technology brands in the world deliver seamless

experiences, so their customers can transact online with greater confidence.

GBG is headquartered in the UK with over 1,200 team members across 18

countries.

To find out more about how we help our customers establish trust with their

customers, visit www.gbgplc.com and follow us on LinkedIn and Twitter @gbgplc.

1 Source: Gartner “Market Guide for Identity Proofing and Affirmation,” Akif

Khan, 2 March 2022.

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Source: GBG