Building trust in a digital world
We are in business to build trust in a digital world. Whoever you are, wherever you are, we believe in a world where you can transact online with confidence.
From our CEO
I am proud of the team’s performance this year, their focus on delivering critical digital identity solutions with a great customer experience underpins GBG’s strong financial results. Our excellent customer advocacy and record team engagement scores highlight each team member’s huge contribution towards achieving our success and delivering on the considerable potential in our markets.
Chris Clark, CEO
Highlights of FY22
1 FY22 reported revenue impacted by the deferred revenue ‘haircut’ acquisition accounting adjustment
2 These measures are defined on pages 184 to 187 to the accounts
Our business at a glance
We are experts in digital location, identity verification and fraud prevention software. We enable fast, simple and compliant onboarding with reduced risk of fraud for many of the world’s leading organisations who put their trust in our technology and data.
From onboarding to in-life, we help businesses build trust at every stage of the customer lifecycle. We serve small start-ups to many of the world’s biggest and fastest-growing brands with our global platform of digital location, identity and fraud and compliance solutions.
In an increasingly data-driven economy and society, the trends driving our long-term growth are clear and the global opportunity facing us remains greater than ever before.
Total FY22 revenue £242.5m
By region
FY22 revenue split by key sectors
Over the last five years, we have diversified both geographically and by sector. From international banks to tech giants, automotive manufacturers to fast fashion retailers, we partner with our customers as they set the agenda for the future of business.
GBG has a diversified offering across our three core solutions
Powered by the most accurate global location intelligence data sourced from a range of worldwide data banks updated daily, our Loqate solutions are used millions of times a day by businesses of all sizes in all sectors. We provide address verification, real-time address lookup, validation and data enhancement and maintenance solutions. We aim to connect every business in the world to every customer in the world.
Segment revenue: £66.3m 27% of Group revenue.
We keep businesses safe by providing secure, smooth onboarding. Our fully configurable digital identity verification solutions build trusted relationships with brands, through document and data verification. We can verify and authenticate the identity of much of the world’s population, anywhere in the world, helping businesses welcome more good customers while reducing digital identity fraud.
Segment revenue £142.8m 59% of Group revenue.
Protecting businesses and brand reputations while reducing losses from financial crime, our end-to-end fraud and compliance solutions deliver real-time protection and regulatory compliance. We help businesses know their customers and screen out fraudulent transactions, preventing application fraud and detecting and preventing money laundering activity while maintaining a frictionless digital customer experience.
Segment revenue £33.3m 14% of Group revenue.
I am pleased to report that GBG has achieved strong financial results again this year, with record revenue and adjusted operating profit ahead of original market expectations. We have also made important strategic progress through the acquisitions of Acuant and Cloudcheck.
'David Rasche, Chairman (Retired, Sept 2022)' - given role now moved to Richard Longden
Our commitment to Environmental, Social and Governance
At GBG, we build solutions that protect individuals. Safeguarding our customers and their consumers from negative environmental and social impacts is at the heart of the solutions we offer.
Natalie Gammon, Chair of the ESG Committee
