Latest news with #identityverification
Yahoo
2 days ago
- Business
- Yahoo
Red Violet, Inc. (RDVT): A Bull Case Theory
We came across a bullish thesis on Red Violet, Inc. (RDVT) on @WelfareCapLLC on X (Twitter). In this article, we will summarize the bulls' thesis on RDVT. Red Violet, Inc. (RDVT)'s share was trading at $49.28 as of 23rd May. RDVT's trailing P/E was 80.79 according to Yahoo Finance. An executive shaking hands with a customer as they seal a major Identity Verification Services deal. Red Violet (RDVT) is a high-conviction long idea in the data processing and identity verification space, with shares up 70% since the initial pitch in September. The company, with a $686 million market cap, offers data solutions to verticals such as law enforcement, collections, fraud prevention, corporate risk, and real estate. The management team—together for over two decades—built the core data products behind giants like TransUnion and LexisNexis, and has now created a superior, cloud-native platform that is taking market share rapidly. RDVT's advantage lies not just in data quantity, but in its ability to refine, link, and deliver high-throughput, accurate insights to customers. The company manages both proprietary and licensed datasets covering virtually every U.S. adult, including sensitive information like SSNs, addresses, and criminal records. Long-term, fixed-cost contracts for licensed data mean nearly every incremental dollar of revenue comes with extremely high margins. With over 70% of revenue contractually recurring and 96% gross retention, the business exhibits strong SaaS-like characteristics. RDVT is also seeing dramatic operating leverage, with Q1 operating margins rising 8 points to 19% and operating income growing 110% on 26% revenue growth. Despite trading at 80x TTM earnings, continued high earnings growth justifies the valuation. The company remains under-the-radar, with minimal analyst coverage and low trading volume, partly due to its Boca Raton location. However, a clean balance sheet, $34 million in cash, insider ownership, key talent acquisitions, and even a recent special dividend support a strong bull case. The stock remains a top 10% position with expectations of exceeding a $1 billion valuation. Red Violet, Inc. (RDVT) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 14 hedge fund portfolios held RDVT at the end of the fourth quarter which was 12 in the previous quarter. While we acknowledge the risk and potential of RDVT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than RDVT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Zawya
19-05-2025
- Business
- Zawya
IDCentriq to unveil next-generation Palm-Vein Authentication at Seamless Middle East 2025
Dubai, UAE – IDCentriq, a global leader in advanced biometric authentication technologies, has announced its participation as an official sponsor at Seamless Middle East 2025, taking place from 20 to 22 May at the Dubai World Trade Centre. The company will debut its cutting-edge ePalm Palm-Vein Identification Technology, a transformative innovation in secure, contactless identity verification, engineered specifically for the needs of the government and financial services sectors. 'At IDCentriq, we envision a future where identity is frictionless, biometric, and secure,' said Eng. Muhanad Azzeh, Executive Chairman and CEO of IDCentriq. 'Our ePalm technology is not only fast and precise, but it also protects personal data at the highest levels - and we are proud to introduce it at one of the most prestigious technology events in the region.' As part of its global growth strategy, IDCentriq will also announce the deployment of its biometric identity and payment platforms in various regions, including the GCC, the Middle East, and Africa. These nationwide rollouts represent a major milestone in the company's mission to deliver scalable, secure solutions across diverse markets in the MENA and African regions. Ali AlMeshal, CEO of PaymentsCo for the GCC, a subsidiary of IDCentriq, highlighted the significant payment opportunities presented by the company's groundbreaking ePalm technology. 'The integration of palm-vein biometric authentication into our payment solutions is a game-changer for the financial industry. It enhances security while streamlining the user experience, making transactions seamless and more trustworthy. As we move towards a cashless society, adopting technologies like ePalm will be crucial in fostering consumer confidence and driving growth in the digital payments landscape across the GCC,' he stated. 'Seamless Middle East 2025 is a powerful platform for connecting with policymakers, banking leaders, and digital innovators,' said Corey Bowlby, Chief Product & Technology Officer. 'We look forward to showcasing how ePalm can empower trusted digital services across borders, at national and institutional scale.' Attendees can visit IDCentriq at Hall 5, Stand H5-B30 to experience live demonstrations of the ePalm system and explore its integration potential across government portals, banking systems, and secure access control environments. About IDCentriq IDCentriq is a global innovator in biometric authentication, specializing in next-generation solutions for identity verification, access control, and secure digital transactions. Through its flagship ePalm technology, the company is setting new standards in privacy, scalability, and accuracy for digital identity ecosystems. For media inquiries or to schedule a private briefing during the event, please contact: Full Name: Duaa Al Mubarak Title: Sr. PR Executive Email: Phone: +971569948548
Free Malaysia Today
08-05-2025
- Business
- Free Malaysia Today
Biometric identity verification stations are gaining popularity
The new version of the Orb by a startup called World can identify an individual by scanning their iris very quickly. (World pic) PARIS : The startup called World, co-founded by OpenAI CEO Sam Altman, has announced the launch of its first biometric identification terminals in the US. They enable users to verify their identity by scanning their irises. World's mission is to create a global network of digital identity and financial services, based on a biometric identity verification technology called World ID. This is done primarily via a mobile app, but also via spherical devices, capable of scanning users' irises to uniquely and securely verify their identity. Installed since 2023 and in small numbers in overseas locations, these 'Orbs' are now coming to the US. People in the US can verify their World ID with these devices, which are currently installed in six cities (Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco), as well as in Razer gaming stores. The company hopes to roll out several thousand of these nationwide very soon. Basically, the device captures an image of the user's iris and extracts a digital representation, which is then converted into a unique identifier, the World ID, to prove that the user is a human being and not a bot. In exchange for this verification, users can receive Worldcoin (WLD) tokens, the cryptocurrency associated with the project. To do this, users can download the World App, locate a nearby Orb, then go to the location to have their iris scanned and prove that they are indeed human. This technology enables them to access digital services requiring identity verification, participate in cryptocurrency distribution programmes and, above all, protect themselves against online fraud. In terms of security, World claims that biometric data is not stored in any identifiable way, and that iris fragments are anonymised and therefore cannot be used to trace the user's identity. As for the late deployment of Orbs in the US, this is mainly due to regulatory, strategic and social reasons. The startup's ambition is to one day reach the milestone of one billion human beings worldwide who can be identified in this way.
