ThreatMetrix receives two leader awards from Javelin Strategy and Research
Javelin’s Identity Proofing Platform Scorecard provides financial institutions and other identity-reliant businesses with an insight into the identity proofing vendor landscape.
ThreatMetrix was recognized as a leader in the Innovative category, which honors technology providers that integrate technologies to address today’s problems, as well as the major fraud avenues of the future.
The company was also named as a leader in the Tailored category — which covers ease of integration and flexibility of the solution to adapt to different clients’ needs — due to its business-friendly outputs, reporting and delivery options.
“It’s an honor to be awarded by Javelin for our integrated authentication, identity verification and fraud decisioning technology,” said Alisdair Faulkner, chief products officer at ThreatMetrix. “As a company, ThreatMetrix has a clear vision on how to push the boundaries in digital identity and continually innovate. This is why we developed ThreatMetrix ID, which we see as a game-changer in the industry. We are delighted that our role as an innovator in the industry is being recognized.”
The Identity Proofing Platform Scorecard analyzes vendors that are combining identity verification and authentication capabilities, which were traditionally separated into two branches.
ThreatMetrix combines offline and online identity data to enable organizations to determine the true digital identity of their users.
This unique customer identifier, ThreatMetrix ID, applies to each digital identity across its global network of 1.4 billion users.
“With fraud dramatically changing the financial services landscape, any identity proofing product must integrate cutting-edge features and offer flexibility for each customer,” said Al Pascual, senior vice president and research director at Javelin Strategy and Research. “In the Identity Proofing Scorecard, we awarded vendors, such as ThreatMetrix, who recognize that a holistic approach is needed to take into account a rich array of context around the identity and behavior of the consumer – from the beginning of a session to the time the account is closed.”
For the inaugural Identity Proofing Platform Scorecard, Javelin developed the Functional, Innovative, Tailored (FIT) model.
The FIT model takes into account that decisions regarding vendor implementation depend not only on their current capabilities for solving business problems, but also on their long-term vision, innovation, and ease of integration.
ThreatMetrix conducted a competitive analysis and comparison of 23 major vendors, and recently published the information in a report.
Previously reported, ThreatMetrix partnered with Nok Nok Labs to deliver integrated strong authentication and risk-based authentication solutions to ensure improved security and reduced user friction.