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Xydus

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Xydus Market Research Report



Company Overview



  • Name: Xydus

  • Mission: Xydus aims to deliver seamless experiences in identity management, ensuring users can be assured of each other's identity across enterprises.

  • Founded: 2012

  • Founder: Russell King

  • Key People:

  • Russell King, CEO

  • Peter Parker, Chief Marketing Officer

  • Headquarters: No information is available

  • Number of Employees: No information is available

  • Revenue: No information is available

  • Known For: Xydus is renowned for its comprehensive platform for identity verification, onboarding, and authentication that integrates with various processes and systems, eliminating biases and ensuring compliance with global regulations.


Products



Xydus offers a suite of identity management solutions, including:

1. Enterprise Identity & Access Management
  • Description: A solution enabling onboarding, enrollment, and authentication through a single platform.

  • Key Features:

  • Step-up authentication with elevated identity assurance.

  • Compliance with systems audits and individual activity logging.


2. Enrollment and Reuse of Digital Identity
  • Description: Simplifies onboarding experiences across various entities without compromising speed or security.

  • Key Features:

  • Friction-free onboarding.

  • Compliance with local regulatory requirements for employee verification.


3. Identity Transformation for Digital Business
  • Description: Designed to remove human bias and simplify processes, supporting new business and partner models.

  • Key Features:

  • Supports iterative deployment strategies.

  • Empowers identity management throughout users' lifecycle.


4. Financial Services Regulation Solutions
  • Description: Addresses evolving regulatory challenges through ML-driven technology.

  • Key Features:

  • KYC compliance.

  • AML with real-time alerts for compliance.


5. Public Sector Solutions
  • Description: Caters to citizen onboarding and electronic ID verification.

  • Key Features:

  • Age verification to protect minors.


Recent Developments



  • New Products Launched: No specific new products have been indicated.

  • New Features: No specific new features have been mentioned.

  • New Partnerships: Xydus has been evolving continually, reaffirming its positioning within the identity management space without explicit mentions of new partnerships.


Announcements


  • Financial Times’ FT 1000 List: Xydus was named among Europe’s fastest-growing companies on March 7, 2023.

  • Deloitte's Fast 50: Recognized as an identity tech leader on November 22, 2022.


Product News


  • UK Trust Framework Certification: Achieved certification on August 16, 2022.

  • Growth: Xydus reported a 600% growth within 12 months as of July 3, 2022.


Concluding Notes



Xydus, formerly Paycasso, has significantly positioned itself in the identity verification and management domain. While specific revenue or employee data is unavailable, the company's growth and recognition within industry rankings highlight its competitive presence. The emphasis on technology-driven, bias-free authentication and regulatory compliance positions Xydus as an instrumental player in securing digital identities across sectors.