This is a guest post by James Stickland, CEO of Veridium. Nearly 3.5B people worldwide are unable to access banking services. To date, efforts at solving this problem have been built on traditional banking models, often requiring physical access to branches and onerous verification of identity. This approach doesn’t work in many emerging markets, leaving billions worldwide without access to financial services. Veridium, in collaboration with Wala – a blockchain-powered financial services platform – has embarked on a pilot program
Veridium has announced a partnership with South Africa-based financial services platform Wala to provide universal and affordable financial services to countries with emerging economies in Africa, beginning with a pilot program in sub-Saharan Africa. Wala is a blockchain-powered platform for people without access to adequate financial services, and the company will collaborate with Veridium to deliver accessible, zero-fee banking to consumers via biometric authentication technology on unmodified Android smartphones. Veridium’s biometric authentication technology is expected to work in developing nations
This is a guest post by James Stickland, CEO of Veridium. Many of us were affected by the Equifax data breach, but those of us in the cybersecurity industry were shaken to our core. The fallout of this and other major cyberattacks over the last few years has yet to be fully realized, and the sheer scale of these breaches has caused many enterprise leaders in security to finally call for a complete rethink of their strategies going into the
Veridium has been issued a grant from the Digital Financial Services Innovation Lab, supported by the Bill and Melinda Gates Foundation, to develop and field test biometric authentication technology on unmodified Android smartphones in order to improve the way people in developing countries can access and enroll in financial and government programs. The grant will allow Veridium to roll out a pilot project in a developing region to allow fingerprint verification to be deployed instantly from any location and with
This is a guest post by James Stickland, CEO of Veridium. Continued innovation in financial services is driving more banks to take a closer look at digital currencies like Bitcoin. With more consumers and enterprises embracing this new trend, it is essential for financial institutions to get on board and fully understand the impact that digital currencies and the related technology of blockchain will have on their operations and security. So what is blockchain? Why are banks embracing this technology?
Verdium announced that VeridiumAD, the company’s enterprise-ready multi-factor biometric authentication solution to be used in Microsoft Active Directory environments with new connectors for Citrix, is verified as Citrix Ready. To achieve the verification, VeridiumAD successfully passed a series of tests established by Citrix to ensure that it will work seamlessly to eliminate passwords for Citrix StoreFront and add biometrics as a second authentication factor to Citrix NetScaler. Launched in February, VeridiumAD is a primary authenticator that delivers password-free biometric authentication.
Veridium is demonstrating the latest features of its enterprise biometric solutions at connect:ID 2017, being held this week in Washington D.C. The company says the new updates to its biometric solutions improve enterprise security as well as increases convenience and productivity at a lower total cost of ownership to the customer. Verdium is showcasing VeridiumID, 4 Fingers TouchlessID and VerdiumAD. VeridiumID is a server-side protocol for biometric authentication that works in concert with a front-end SDK to allow companies to
This is a guest post by John Spencer, Chief Product Officer at Veridium Did you know that the average IT team spends more than 7 hours a week resetting employee passwords? At a company with 3,500 end users, that’s more than 45 work days per year. That’s a lot of time spent on a single task, time that could be better spent improving security, fixing other systems, and deploying new technology. Passwords are costing enterprises time and money, with significant
Veridium has launched VeridiumAD, an enterprise-ready solution that adds biometric authentication and identity assurance to Microsoft Active Directory environments. VeridiumAD integrates with existing enterprise infrastructure without any additional hardware, allowing organizations to eliminate passwords or to enable biometrics as a second factor, replacing the need for hard and soft tokens. “We all know that passwords are a flawed enterprise security solution – but what doesn’t get talked about often enough is how inconvenient and expensive they are to companies,” said
Veridium CEO James Stickland will be demonstrating the company’s proprietary biometrics technology, 4 Finger TouchlessID, as part of its mobile banking solution at FinovateEurope 2017 in London next week. The company’s end-to-end, biometrics-based authentication solution for the enterprise, VeridiumID, gives customers the ability to log on quickly and securely using their biometrics, while banks and financial institutions can reduce the risk of fraudulent transactions and reduce the costs associated with resetting passwords. FinovateEurope gives financial institutions, fintech companies, and industry