August 2, 2017 -
InAuth and AimBrain have partnered to enable banks and financial institutions, digital wallet providers, payment service providers (PSPs) and other organizations to deliver up to six factors of authentication for their customers’ mobile transactions.
InAuth’s InMobile solution enables clients to determine the trustworthiness of the mobile device itself, while AimBrain’s authentication technology uses facial, voice and behavioral biometrics to verify the identity of the customer.
The companies’ complementary technologies will help financial institutions implement strong customer authentication practices, while delivering a seamless and secure user experience.
“We are excited about working with AimBrain to address a critical need in the industry, particularly for financial services providers who must continually evolve in order to stay well ahead of costly fraud and cyber threats,” said InAuth president Lisa Stanton. “Going well beyond two-factor authentication, InAuth and AimBrain’s technologies deliver a powerful combination of authentication capabilities that can be implemented seamlessly and invisibly to provide a multi-layered, multi-faceted approach to device security and customer authentication.”
InMobile, which is used by major payments providers and financial institutions to authenticate the devices transacting with them, analyzes thousands of unique identifying attributes on mobile devices to generate a permanent device ID that cannot be spoofed.
The solution enables organizations to understand the device’s riskiness, allowing clients to use the mobile device as a trusted factor to authenticate their customers in a seamless manner.
AimBrain’s advanced facial, voice and behavioral biometrics authentication technology allows financial organizations to authenticate their customers’ identity on any device and across any channel, either individually or as part of a multifactor authentication strategy.
“The use of our biometrics capabilities, combined with InAuth’s layers of mobile device protection and authentication are a unique offering to the industry,” said AimBrain co-founder and CEO Andrius Sutas. “We also anticipate using both technologies will help financial institutions implement strong customer authentication practices to address upcoming European payment regulations.”
In June, AimBrain closed a £4 million (US$5.1 million) Series A round.