Business
Geographical Expansion of ID Verification
Geographical Expansion of ID Verification.
About this update from Gb Group Plc
[{"type":"text","content":"\n \nRNS Number : 5797R GB Group PLC 29 October 2013 \n\n \n\n\n\n\nEmbargoed until 7.00 a.m.\n\n\n29 October 2013\n\n\n\n\n \nGB GROUP PLC\n(\"GBGroup\", \"GBG\" or the \"Group\")\n \nGBGroup expands global ID Verification capability to countries accounting for half the world's population\nExpansion to verification of citizens of Brazil, India, Mexico, Spain and Belgium means that GBG can now verify individuals in countries accounting for over 3.6 billion people worldwide\nGBGroup, a global leader in Identity Intelligence, has announced the expansion of its ID Verification capability to include Brazil, India, Mexico, Spain and Belgium. This means that businesses can now enjoy secure cross-border trade with over half of the world's population, in nations that represent over half of the world's population and 66% of global GDP. \nGBGroup's expanded ID Verification capability enables businesses to 'on-board' and 'transact' with citizens resident in these exciting markets to vet the authenticity of a customer's personal details and verify they are' who they say they are' without any paper documents whatsoever. Not only will this meet global compliance requirements, such as those relating to age restricted products & services, anti-money laundering guidelines and know your customer legislation it will also help companies protect themselves from the growing problems of ID fraud and financial crime and make acquiring and transacting with customers quicker, simpler and less risky.\nBusinesses can operate with safety and confidence when they know who they are dealing with. Identity verification enables this and therefore unlocks many exciting markets such as Brazil, where online commerce rose 24 percent in the first half of 2013 to 12.7 billion reais ($5.3 billion) [i]. With the World Cup and Olympics taking place in the next couple of years, the Brazilian economy looks set to grow further offering many more opportunities for businesses.\nRichard Law, CEO at GBGroup comments: \"Cross border commerce is an exciting prospect, but it is important that businesses do not open their doors to the world without putting safe measures in place to protect and secure their business. The fact that we can now offer businesses safe transactions with over half of the world's population further strengthens our ...