Keyless, the leader in privacy-preserving biometric authentication, announces a strategic partnership with fidentity, the Swiss online identification and digital signature pioneer. This collaboration extends fidentity for continuous authentication across the entire identity lifecycle. Users can now verify their identity through fidentity and authenticate with Keyless’ multi-factor by design technology, combining onboarding and identity verification with login, payment authentication for PSD2 SCA, step-up action, and account recovery.
In the digital era, the threat of identity theft and fraud is escalating rapidly. Keyless and fidentity are combining their expertise to offer an innovative solution that guarantees both enhanced security and a seamless user experience. fidentity customers will also benefit from Keyless’ unique Zero-Knowledge Biometrics (ZKB) technology, which does not store biometric data anywhere.
Read More about Fintech : Gamification in Fintech: All About Customer Retention and Engagement
Andrea Carmignani, CEO and Co-founder of Keyless, stated, “Account takeovers caused by credential-based authentication are rising year on year. Solutions such as Keyless and fidentity are aiming to change this. At the same time, as consumers we prefer a light-touch approach. The fewer platforms we have to register with, the better. This partnership with fidentity aims to bridge this gap, allowing us to combine our patented ZKB technology with fidentity’s so that users can benefit from both with a single sign-up.”
fidentity, renowned for its robust identity verification systems, sees this partnership as a step forward in its mission to enable trust in our increasingly digital world. Thorsten Hau, CEO and Founder of fidentity, commented, “Joining forces with Keyless marks a significant milestone in our journey. By adding biometric authentication to our existing solution, we are setting new standards in digital identity verification. This will allow us to offer our customers an even higher level of security and convenience than before.”
Latest Fintech Insights :Fintech Trends 2024: How Can Enterprises Be Better Prepared?
[To share your insights with us, please write to pghosh@itechseries.com ]
