London (PRWEB UK) 18 March 2013
Online identity proofing service miiCard has placed on the 2013 FinTech 50 Watchlist, a shortlist of fifty companies in Europe that are redefining financial services through technology. The List, a collaborative project by The CEO Agenda, ICON Corporate Finance, Hotwire, Silicon Valley Bank and Fox Williams, is the first of an annual exercise to track one of the fastest moving sectors in technology.
The miiCard verified online identity solution eliminates a persistent roadblock in online transactions and trust by allowing individuals to prove their true identity to the level of an offline photo ID check, completely online and in just minutes. This enables a greater range of online products and services for the financial sector by reducing the expense of a physical ID check and saving consumers the hassle of visiting a physical bank branch.
The inaugural FinTech 50 Watchlist is based on the expertise of the Watchlist Panel, ten industry leaders from across the financial services and technology industry. The panel convened at the end of 2012 to debate and select the top companies that demonstrate the potential to become a game-changer in FinTech or the competitive staying power to continue being one.
“miiCard is honoured to be chosen as one of the hottest FinTech companies in Europe because this service was created in direct response to the pain of offline ID checks in financial services,” said miiCard CEO James Varga. “Now miiCard’s online identity proofing has become a critical technology enabling the next wave of disruptive financial services and companies.”
miiCard is a global online Identity as a Service (IDaaS) platform that establishes true trust online by guaranteeing an individual’s’ identity to the level of an offline photo ID check, completely online and in just minutes. miiCard helps businesses eliminate fraud, reduce manual processing costs, and prevent high rates of dropout when offline identity checks are required. A member-driven service, miiCard empowers consumers to proactively manage their digital identity, build trust online, and trade and transact with confidence. miiCard currently supports the United States, Canada, the United Kingdom, South Africa, India, Australia, New Zealand, Ireland, France and Spain.