LoginID provides a passwordless multi-factor authentication platform that integrates biometric security features into websites, applications, and eCommerce platforms. This technology enhances transaction integrity and user verification, significantly reducing fraud and improving customer trust in digital payments.
Funding
$9.6M 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.
Founders
Product
Problem
Compromised passwords and inadequate authentication methods lead to fraud, account takeovers, and eroded customer trust in online platforms. Traditional multi-factor authentication (MFA) solutions can be cumbersome, impacting user experience and potentially reducing conversion rates.
Solution
LoginID offers a passwordless multi-factor authentication (MFA) platform that leverages biometric security to enhance transaction integrity and user verification across websites, applications, and e-commerce platforms. By integrating directly via APIs or SDKs, developers can implement strong customer authentication (SCA) that is both secure and user-friendly. The platform supports a device-agnostic experience, enabling passwordless login and authenticated payments on any device that supports biometric authentication. LoginID's solution aims to reduce fraud, increase conversion rates, and improve customer trust by ensuring that only the legitimate user can access accounts and authorize transactions.
Target Audience
LoginID targets developers, merchants, and enterprises seeking to enhance the security and user experience of their online platforms, particularly those in the financial services and e-commerce sectors.
Features
- Passwordless login using biometric authentication methods (e.g., fingerprint, facial recognition)
- Device-agnostic MFA that works across various devices and browsers
- Strong Customer Authentication (SCA) compliant with regulatory requirements
- Authenticated Payments, linking transactions to a digital receipt for enhanced security
- Easy integration via APIs and SDKs, reducing development time and costs
- Customizable user interfaces for a seamless user experience
- No-code policy management for easy administration and configuration
- High throughput and low latency for fast transactions
- Multi-active global deployment and multi-tenancy support for scalability