The startup offers a passwordless multi-factor authentication platform that utilizes decentralized biometric verification and a digital identity wallet to streamline user onboarding and access. This technology enables businesses to reduce fraud and enhance customer experience by allowing users to authenticate with pre-verified identity data in seconds, eliminating the need for passwords.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional password-based multi-factor authentication (MFA) methods can be cumbersome, creating friction during user onboarding and login processes. Reliance on passwords also introduces security vulnerabilities, increasing the risk of fraud and account takeovers.
Solution
This startup provides a passwordless multi-factor authentication platform leveraging decentralized biometric verification and a digital identity wallet. The platform allows users to authenticate using pre-verified identity data, streamlining onboarding and access while enhancing security. By eliminating passwords, the solution reduces fraud and improves the user experience, enabling businesses to onboard authenticated customers quickly and securely. The digital identity wallet gives users control over their identity information, allowing them to reuse verified identities for faster access to various services.
Target Audience
The primary target audience includes businesses seeking to reduce fraud, improve customer onboarding, and enhance security, as well as individual users looking for a more secure and convenient authentication method.
Features
- Decentralized biometric authentication using live biometrics for secure access
- Digital identity wallet for storing and managing verified identity attributes
- Pre-verified identity data from trusted sources within a secure identity network
- Compliant identity information consented to and controlled by the customer
- Fraud prevention by linking account registration, access, and recovery to biometric authentication
- Passwordless login experience, eliminating the need for usernames and passwords
- Reusable verified identities for faster account opening and access to services
- Rich identity attributes such as employment history, income, and educational certificates