Geographical Expansion of ID Verification

RNS Number : 5797R

GB Group PLC

29 October 2013

Embargoed until 7.00 a.m.

29 October 2013

GB GROUP PLC

("GBGroup", "GBG" or the "Group")

GBGroup expands global ID Verification capability to countries accounting for half the world's population

Expansion 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

GBGroup, 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.

GBGroup'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.

Businesses 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.

Richard 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 position as the provider of the best identity verification coverage in the world; something of which we're hugely proud."

About GBGroup

The most profitable and successful organisations recognise the value of understanding the individual identity of their customers and employees. GBG combines this concept of identity with technology to create an environment of trust, so that organisations can employ people and connect, communicate and transact with consumers, safely and responsibly.

We call this Identity Intelligence.

GBG's Identity Intelligence solutions include:

Register & Verify - International software and services for quick and accurate customer registration; and the verification of identities of individuals & businesses remotely. GB can verify individuals in Argentina, Australia, Austria, Belgium, Brazil, Canada, China, Denmark, Germany, India, Ireland, Italy, Luxembourg,Mexico,Netherlands, New Zealand, Norway, Singapore, South Africa, Spain, Sweden, Switzerland, UK and USA.

TMG CRB

Cleanse & Engage - Innovative software and services which provide accurate and up-to-date identity information to deliver improved intelligent customer contact strategies.

Employ & Comply - Thorough background checks through online verification and authentication of individuals enabling organisations to safeguard, recruit and engage with confidence.

Trace & Investigate - Leading software and services which provide the most accurate and up-to-date picture of the UK's population, properties and businesses to quickly locate, investigate and contact the right individual, first time.

For further information, please contact: