CHENNAI, INDIA, December 7, 2022 – Prove Identity, Inc. (“Prove”), the leader in digital identity, today announced it has opened a new Engineering & Technology Hub in India. Located in Chennai, the hub will be a base for Prove’s engineering & innovation teams to support the company’s main India headquarters in Bangalore as they scale up operations in the region. The addition of the Chennai hub continues Prove’s global expansion and further penetration of the digital identity solutions market, which is set to reach $116 billion by 2030 (Source: Straits Research).
“The opening of our India Engineering & Technology hub is an important milestone in Prove’s strategic expansion plans and will enhance Prove's Product, Technology and Customer support capabilities in India and across the globe,” said Amit Goel, Prove’s Country Head, India. “Digital identity is top-of-mind in India right now as more and more businesses see the benefits of enabling customers to transact seamlessly while also mitigating fraud. We’re prepared to meet that need with award-winning identity authentication solutions that have helped our customers in other parts of the world to increase revenue, reduce customer friction, and lower fraud.”
On the heels of the ribbon-cutting ceremony held this morning to celebrate the opening of the Engineering & Technology Hub, Prove’s India team will also be hosting a Digital Identity thought leadership meetup event in Mumbai on Thursday, December 8. Visit the event page here to register for the meetup.
Goel, who has been recognized as a top 100 FinTech expert by organizations including Next Money, Visa, E&Y, Times of India, and Refinitiv, is also set to launch Prove’s India-focused digital identity podcast this month. For updates about the podcast and future India events, follow Prove’s LinkedIn page here or visit prove.com.
As the world moves to a mobile-first economy, businesses need to modernize how they acquire, engage with and enable consumers. Prove’s phone-centric identity tokenization and passive cryptographic authentication solutions reduce friction, enhance security and privacy across all digital channels, and accelerate revenues while reducing operating expenses and fraud losses. Over 1,000 enterprise customers use Prove’s platform to process 20 billion customer requests annually across industries, including banking, lending, healthcare, gaming, crypto, e-commerce, marketplaces, and payments. For the latest updates from Prove, follow us on LinkedIn.
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