Keyless provides a biometric authentication solution that utilizes Zero-Knowledge Biometrics™ to verify user identity without storing any biometric data, ensuring privacy and compliance with regulations like GDPR and PSD2. This technology significantly reduces account takeover fraud by up to 73% and operational costs by 81%, while enabling fast authentication in under 300 milliseconds across over 1,000 devices.
Funding
$2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
EVRVFounders
Product
Problem
Traditional biometric authentication methods often require storing sensitive biometric data, creating privacy risks and potential vulnerabilities to data breaches. This can lead to compliance issues with regulations like GDPR and PSD2, as well as increased operational costs associated with data protection and security.
Solution
Keyless provides a passwordless, multi-factor authentication (MFA) solution that utilizes Zero-Knowledge Biometrics™ to verify user identity without storing any biometric data. This approach enhances security by preventing account takeover (ATO) fraud and reduces operational costs through self-service account recovery. The platform authenticates users and devices independently, providing phishing-resistant MFA with a focus on user experience and data privacy. Keyless's technology supports various authentication flows, including user enrollment, secure device binding, passwordless login, and step-up authentication, all while ensuring compliance with data protection and payment regulations.
Target Audience
Keyless targets organizations across various industries, including banking, fintech, cryptocurrency, gaming, government, retail, healthcare, and education, seeking to enhance security, improve user experience, and comply with data privacy regulations.
Features
- Zero-Knowledge Biometrics™: Ensures biometric data is never stored, enhancing privacy and security.
- Phishing-resistant MFA: Authenticates users and devices independently to prevent account takeovers and OTP-related fraud.
- Secure Device Binding: Establishes a trusted link between a user's identity and their device.
- Passwordless Login: Enables secure access without the need for passwords.
- PSD2 SCA & Dynamic Linking: Complies with payment regulations for secure transactions.
- Self-service Account Recovery: Reduces help desk costs and prevents ATO fraud.
- FIDO2 and FIDO Biometrics Certified: Adheres to industry standards for strong authentication.
- Support for Consumer and Workforce Solutions: Offers tailored authentication methods for different use cases.