ThreatMetrix Continues EMEA Growth and Market Leadership Fuelled by Financial Services Customer Adoption
Posted August 30, 2016
London — (30 August 2016)
- 111 percent billings growth and 80 percent revenue growth year on year in EMEA
- Now serving 6 of the top 15 EMEA retail banks and world top 25 banks
- 85 percent year on year Network transaction volume expansion
- 55 million quarterly cyberattacks thwarted, 66 percent year on year increase
ThreatMetrix®, The Digital Identity Company™, today reveals significant growth in its EMEA business following major customer wins, increased Network traffic and senior executive hires. Supporting and driving this growth is the rapidly expanding digitalisation of the market in financial services and ecommerce customers in the region, along with the business need to continually address evolving cybercrime attacks.
“In 2016, our business in EMEA is expanding dramatically. Organisations across EMEA have noticeably embraced a digital identity approach as an enabler to their digital transformation,” said Reed Taussig, CEO of ThreatMetrix.
Exceptional Momentum in Financial Services Market
ThreatMetrix has achieved dominance in the EMEA Financial Services markets through its ability to deliver industry-leading threat prevention and digital identity authentication to the top retail banks; large banks such as Barclays and Groupe BCPE are now working with ThreatMetrix.
The company has also seen increasing demand among online lenders and eWallet providers, with successful deployments and key references including Alfa Finance, Bondora, Paysafe Group, Wirecard and Yandex.Money.
“The ThreatMetrix Digital Identity Network has been a huge contributing factor to our success in EMEA, and enabled us to strongly differentiate ourselves from our competitors,” commented Pascal Podvin, senior VP of field operations, ThreatMetrix. “Processing more than 20 billion transactions annually, across 200+ countries, the Network is a key element in the digital transformation of many of our customers. Intelligence from the Network enables their revenue growth, on mobile as well as on the web, by understanding and trusting the digital consumer, while protecting them against cybercrime.”
Executive Leadership Strengthened with Financial Expertise
Recognising the growing need to serve the digital transformation of the EMEA banking industry, the company has hired new leaders with extensive financial expertise. These include:
- Indira Gillingham, Senior Director and Head of Customer Engagement, is responsible for pre-sales, enablement and professional services across EMEA. She brings more than 17 years’ experience in the implementation and delivery of advanced technology solutions
- Andrey Kovalev, Subject Matter Expert specialising in online financial services, has joined from Yandex.Money where he was Chief Security Officer, responsible for information security and fraud management
- Ian Spanswick, Director of Customer Engagement, joins from Lloyds Banking Group having spent nine years in the retail business where he led the Digital Application Fraud team
Including the recent executive hires, the overall team has grown by 85 percent in just 12 months. ThreatMetrix is currently recruiting into the Customer Engagement and Sales teams in France and Germany.
Flourishing EMEA Demand for the ThreatMetrix Digital Identity Network
ThreatMetrix digital identity solutions stand apart from the competition in elevating customer experience, enabling revenue, and preventing cybercrime. In the report ‘ThreatMetrix rises above the DIN to tell you whom you’re dealing with’ (May 2016), 451 Research analyst Eric Ogren states, “The company is on a mission to help enterprises by stitching together various aspects of user interactions, including device, identity, location, and behavior, to better authenticate customers, employees and partners accessing the business through websites.”
“The fast-growing customer and partner network in EMEA contributes to the Digital Identity Network, which gets stronger with every transaction. The ThreatMetrix Digital Identity Network is recognized as an industry standard in delivering the best digital identity authentication available across the EMEA market,” added Taussig.
EMEA Companies using ThreatMetrix include:
Admiral, Bambora, Banco Sabadell, Banque Casino, Barclays, Bondora, Groupe BPCE, Commercial Bank of Dubai, C. Hoare & Co, Gumtree, Joules, Moneycorp, Nets, Paysafe Group, Swarovski, Wirecard and Zenith Bank
EMEA Success Stories:
- Lloyds Banking Group: ThreatMetrix Reduces the Requirement for Security Tokens at Login for Lloyds Banking Group
- Yandex.Money: ThreatMetrix Dramatically Improves Customer Experience for Yandex.Money by Reducing Online Friction at Account Login and Payments
ThreatMetrix Digital Identity Summit 2016
EMEA ecommerce and financial institutions are invited to join global business executives and leaders across the authentication, fraud prevention and threat detection disciplines at the Digital Identity Summit 2016. The global event takes place 12-14 October at the Terranea Resort in Rancho Palos Verdes, California.
ThreatMetrix®, The Digital Identity Company™, is the market-leading cloud solution for authenticating digital personas and transactions on the Internet. Verifying more than 20 billion annual transactions supporting 30,000 websites and 4,000 customers globally through the ThreatMetrix® Digital Identity Network*, ThreatMetrix secures businesses and end users against account takeover, payment fraud and fraudulent account registrations resulting from malware and data breaches. Key benefits include an improved customer experience, reduced friction, revenue gain and lower fraud and operational costs. The ThreatMetrix solution is deployed across a variety of industries, including financial services, ecommerce, payments and lending, media, government and insurance.
ThreatMetrix website in French: https://www.threatmetrix.com/fr
ThreatMetrix website in German: https://www.threatmetrix.com/de/
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