April 5, 2017 -
HYPR Corp. announced that the server component of the HYPR platform has received FIDO Alliance certification after passing a series of strict conformance testing measuring interoperability to ensure its implementations are functional and compatible across all devices.
Although the platform has secured over 15 million users across the financial services industry, IoT system makers including manufacturers of connected home product suites and physical access represent a growing part of HYPR’s partner portfolio.
HYPR said it continues to work closely within the FIDO Alliance to accelerate further adoption of open standards such as the FIDO UAF and FIDO U2F protocols.
“There are over 2 billion biometric-enabled devices out there today,” said Bojan Simic, CTO and co-founder of HYPR. “HYPR enables manufacturers to integrate secure biometric authentication with any connected device —without having to add costly hardware and sensors. By connecting mobile sensors with IoT servers and extending biometric tokenization down to the firmware level, HYPR transforms smart things into secure things.”
This latest FIDO Alliance certification will enable HYPR to drive further adoption of its biometric tokenization solution across the Internet of Things.
The IoT authentication platform is designed to work with all applications, operating systems, and connected devices as well as many third-party biometric authentication modalities including voice, face, touch, eye, palm, and behavioral recognition.
In October, HYPR secured $3 million in funding from RTP Ventures, Boldstart Ventures and Mesh Ventures to better support its Fortune 500 enterprise partners.
The capital helped the company double the size of its security engineering team and expand its headquartered office space in Manhattan’s Herald Square area by 3,500 square feet.
“The future of our connected lives in terms of security and usability lies squarely in biometric authentication, and HYPR delivers just that across all industries,” said George Avetisov, CEO and co-founder of HYPR. “With growing concerns of secure data within banking, retail, and even auto industries having increased significantly, we’re helping our partners discontinue the use of the outmoded unsecure username/password scheme and replace it with biometric authentication.”