Acuant

Acuant, established in 1999 by founders Danny and Iuval Hatzav, operates as a prominent entity in the identity verification and fraud prevention sector. Initially launched as Card Scanning Solutions in Los Angeles, the company rebranded to Acuant in 2014 to better reflect its expanding capabilities. In a significant milestone, UK-based GB Group (GBG) acquired Acuant in November 2021 for an enterprise value of $736 million, a move that created a global leader in the digital identity market. Prior to this, Audax Private Equity had acquired a controlling interest in 2018 to fuel its growth initiatives.

The company's core business revolves around its Trusted Identity Platform, an AI-powered suite of services designed for identity verification, document authentication, and regulatory compliance. This platform serves a diverse clientele, ranging from startups to Fortune 500 and FTSE 350 organizations across various industries including financial services, healthcare, automotive, and hospitality. Acuant's business model is centered on providing solutions that address critical needs such as Anti-Money Laundering (AML), Know Your Customer (KYC), and Personally Identifiable Information (PII) protection. Revenue is generated by offering these verification services that help businesses onboard customers quickly, reduce fraud, and meet global compliance obligations.

Acuant's product portfolio is comprehensive, featuring multi-factor authentication solutions that enhance customer experience and mitigate fraud. Key offerings include AssureID, which uses patented technology to authenticate over 6,000 types of identity documents from more than 200 countries by applying over 50 forensic and biometric tests. The company also provides biometric facial recognition with liveness detection to prevent spoofing and identity theft. Its platform is designed for easy integration and can be deployed across multiple channels, including mobile, cloud, and on-premise systems. A notable feature is the AcuantGO solution, a no-code identity verification option that simplifies adoption for customers. This allows clients to build, monitor, and reuse digital identities throughout the customer lifecycle.

Keywords: identity verification, fraud prevention, KYC, AML, document authentication, biometric recognition, digital identity, compliance solutions, risk management, identity proofing, liveness detection, data capture, AssureID, customer onboarding, identity theft, regulatory technology, PII protection, financial services security, multi-factor authentication, trusted identity platform