Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Home Technology Xydus Hits 600% Hyper Growth Helping Manage Virtual Workforces and Strengthening Consumer Digital Engagement

Xydus Hits 600% Hyper Growth Helping Manage Virtual Workforces and Strengthening Consumer Digital Engagement

by uma


Rebranded Paycasso ‘fixes identity’ attracting enterprise customers and 6x sales growth

26 MAY 2022, LONDON UK – Xydus, the enterprise software company ‘fixing identity for an expansive world’, today announced its rebranded emergence after a record-breaking year which saw sales increase six-fold as it closed its largest-ever deals.

Previously known as Paycasso, Xydus built its technology platform and credibility for over a decade by working with the some of the world’s most trusted brands such as PWC, EY, TransUnion, Equifax, Philip Morris International, Irish Life and notably, the UK’s National Health Service, Europe’s largest employer.

Hybrid working fuels growth

Focusing on identity technology perfectly positioned Xydus’s cloud services and helped the team to win new deals as employee and consumer engagement moved massively to digital during lockdown. The shift to flexible working supercharged an already buoyant demand for Xydus’ (Paycasso’s) digital identity software, as employers transitioned to managing remote workforces who require digital access and consumers increased their use of e-commerce.

Demand was particularly strong for organisations with large, geographically-dispersed, consumer markets and significant workforces across multiple jurisdictions, such as healthcare and financial services, in the US and Europe.

How Xydus works

The Xydus platform uses technologies such as facial recognition, biometrics, machine learning and multi-layered encryption, which allows workers to enrol and reuse their individual identity across the enterprise in seconds. Previously this could take hours, days or weeks.

The advantage for employers is a seamless onboarding experience and secure access to corporate systems and access points without the need to deploy overstretched IT or HR resources. For consumers, it simplifies and streamlines their experience as they access today’s thousands of digital services.

Xydus CEO, Russell King, commented: “Recent years have seen massive disruption to the working patterns and online behaviours of billions of consumers and employers, making Xydus more relevant than ever. A decade ago, faced with a digitally expanding world, we could not think of a much bigger challenge to address than core identity. It is this consistent focus in addressing the challenges in identity management which is now paying dividends for Xydus. This last year’s spectacular sales growth reflects how the need to solve identity issues for this expansive world is only going to grow.”

King added that Xydus is in growth mode globally and will be announcing senior executive hires over the course of the next quarter.


You may also like