OwnID offers a passwordless authentication platform that enables enterprises to implement biometric login methods, such as Face ID and Touch ID, enhancing user registration and checkout experiences. This technology addresses the high rates of registration abandonment and login issues caused by traditional password systems, resulting in increased customer engagement and reduced service tickets.
Funding
$6.2M 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.
MFFounders
Product
Problem
Traditional password-based authentication systems lead to high rates of registration abandonment, login friction, and increased security risks such as phishing and credential stuffing. These issues negatively impact user engagement, conversion rates, and operational costs due to increased support tickets.
Solution
OwnID offers a passwordless authentication platform that leverages biometric login methods like Face ID, Touch ID, and other device unlock methods to streamline user registration and login processes. By eliminating passwords, OwnID reduces friction, enhances security, and improves the overall user experience. The platform enables one-click biometric authentication, leading to increased account creation, customer logins, and online revenue. It also protects users from common online security risks, such as account takeover and bots.
Target Audience
OwnID primarily targets enterprises and digital teams looking to improve user experience, enhance security, and increase conversion rates by implementing passwordless authentication.
Features
- Passwordless authentication using device biometrics (Face ID, Touch ID, fingerprint, etc.)
- One-click registration and login process
- Protection against account takeover, credential stuffing, phishing, and bot attacks
- Integrations with e-commerce platforms like Adobe Commerce Cloud, Salesforce Commerce Cloud, SAP Commerce Cloud, and Shopify Plus
- Integrations with identity providers like Azure AD B2C, Okta, and Auth0
- Increased account creation rates
- Higher customer login frequency
- Improved online revenue conversion
- Reduced service tickets related to login issues