Ideem provides device‑bound passkeys that cryptographically bind a user’s credential to a trusted device, enabling password‑less, OTP‑free authentication within banking and payment apps. The solution completes verification in under two seconds, eliminates redirect‑induced checkout abandonment, and meets PSD2/SCA compliance with full audit trails and FIPS 140‑3 certified security.
Funding
$2.4M 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
Financial institutions and payment platforms rely on passwords, SMS OTPs, and standard passkeys, which introduce friction, are vulnerable to phishing, and lack device-specific security, leading to transaction drop‑offs and higher fraud risk.
Solution
Ideem offers device‑bound passkeys that cryptographically bind a user’s credential to a trusted device, eliminating the need for passwords, OTPs, and app redirects. The solution authenticates the user and their device in under two seconds, providing phishing‑resistant, regulator‑ready verification that complies with PSD2/SCA requirements. By keeping the authentication flow inside the app, Ideem removes redirect‑induced abandonment and reduces support costs associated with credential resets. The platform integrates via SDKs and APIs, enabling rapid deployment across banking, fintech, and payment ecosystems while delivering full audit trails and FIPS 140‑3 certified security.
Target Audience
Ideem’s primary customers are banks, fintech companies, and payment platforms that require secure, low‑friction authentication for consumer transactions and regulatory compliance.
Features
- Cryptographic device binding that locks the passkey to a specific, trusted device, preventing credential migration
- One‑touch biometric enrollment and authentication, completing verification in under two seconds
- Built‑in compliance with PSD2 Strong Customer Authentication and full audit logging for regulated environments
- Elimination of SMS/OTP costs and friction, removing redirect‑related checkout abandonment
- FIDO2‑compatible Passkeys+ SDK and Zero‑Trust Secure Module for seamless integration via APIs on all major platforms
- FIPS 140‑3 certified cryptographic module ensuring on‑device processing with no biometric data leaving the device