The ability to verify and protect digital identity has become central to everyone’s ability to survive and function during the pandemic. For billions of individuals around the world, digital identity became critical in 2020. The global identity verification market was already growing rapidly to support the digitization of a whole host of industries, is now booming. As banks shut down their branches, investors flocked online to digital platforms and consumers became reliant on the fluid movement of digital funds, the need for best-in-breed identity verification (IDV) security has become critical.
Source: https://www.helpnetsecurity.com/2021/02/25/identity-verification-idv/