Ecertic Digital Solutions: A Spanish leader in online ID verification
Spain · Jan 17, 2019· By Amalia González
©Ecertic Digital Solutions
The Spanish biometric tech startup offers online ID verification and tracked document solutions in a US$10 billion market set to double by 2022
According to McKinsey, the current market for identity-verification-as-a-service is worth close to US$10 billion globally. With the industry predicted to even double by 2022, opportunities abound for those who have managed to muscle in on the burgeoning market and gain the necessary trust and traction to scale up.
One such company is Ecertic Digital Solutions, Spain's market leader in digital signatures and identities. Ecertic offers customized solutions for online identity verification, digital signatures, electronic contracts and notifications. Its proprietary biometric solutions, such as Optical Character Recognition (OCR), enable many organizations to overcome the difficulties of online verification in a today's digitalized world.
CompassList recently interviewed Raúl Tapias Herranz, the CEO and founder of Ecertic Digital Solutions, to find out what's in store for businesses and customers in the digital world.
How did you get the inspiration to start Ecertic Digital Solutions in November 2015?
Four years ago, when I was the marketing director at the oil company Galp Energia, we were deciding on the company's digital transformation project. I was commissioned to coordinate the team to look for a solution. There were not many on the market at that time. But we managed to select a group of people who had developed some simple and highly adaptable software with the characteristics that we were looking for. At first, we wanted to develop a small solution. But in the end, we went all the way with them.
The perception of the value of what we had achieved – and that it was a business opportunity – came to me after a lecture I gave on the project in the Vodafone Auditorium. It was so successful that I decided to leave my career in the energy sector after 17 years and move to the technology sector.
Edited by Suzanne Soh
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