ThreatMetrix, Nok Nok Labs partner to provide FIDO-compliant authentication solutions
Under the partnership, the companies will provide solutions that combine the intelligence of risk-based authentication with a standards-based strong authentication framework to organizations.
ThreatMetrix enables accurate customer trust decisions for digital fraud and authentication transactions worldwide through a global shared intelligence network examining 24 billion annual transactions across 1.4 billion unique anonymized identities.
These capabilities will be strengthened by Nok Nok Labs’ authentication technology, which offers the ability to use fingerprint, face, voice and iris biometrics, tokens, smartcards and wearables across multiple platforms, supporting all FIDO protocols.
“We live in a post-breach world, where usernames and passwords are defunct, and diverse authentication methods are paramount,” said Alisdair Faulkner, chief products officer at ThreatMetrix. “Businesses face competing needs of performing strong authentication, in a way that does not irritate customers or introduce friction. By integrating emerging, FIDO-compliant authentication technologies from Nok Nok Labs into the ThreatMetrix platform, we are able to offer customers the industry’s most comprehensive approach to authenticating users securely and with minimal friction.”
With its extensive experience in globally deploying FIDO implementations, Nok Nok Labs will help ThreatMetrix support their customers with best-in-class solutions.
Nok Nok Labs’ modern authentication platform enables FIDO compliance and interoperability among strong authentication devices, as well as adheres to stringent technical specifications for open, scalable user authentication to decrease the reliance on passwords.
“Authentication is the weak underbelly of security. Combining industry-leading digital identity solutions from ThreatMetrix with our FIDO-based authentication platform provides businesses with user-friendly, future proof, strong authentication capabilities for any device or application,” said Rajiv Dholakia, vice president of product and business development at Nok Nok Labs. “We’re excited about the value our combined offering will deliver to customers by removing authentication silos, reducing cost and complexity, and minimizing user friction.”
In July, Nok Nok Labs announced it had raised $8 million in a Series D financing, led by Motorola Solutions Venture Capital.