Nok Nok Labs announces record year as FIDO authentication takes off

Nok Nok Labs has announced a record year for billings in fiscal 2017, with and increase of over 200 percent driven by increasing customer deployments, new channel partner and VAR agreements, and the proliferation of mobile devices and regulations requiring strong authentication.

The company also expects to double its billings next year, President and CEO Phillip Dunkelberger told Biometric Update in an recent interview on the launch of its Nok Nok Labs S3 Authentication Suite.

“Nok Nok Labs has achieved significant milestones entering 2018 a strong demand for modern authentication gains wider acceptance globally as a means to provide a frictionless and secure online experience,” said Phillip Dunkelberger “It’s incredibly rewarding to have the largest and most successful banks, telcos, retailers and healthcare providers in the world seeking our help to solve their authentication challenges. With the proliferation of biometrics in mobile devices, our customers are seeing the tangible benefits of FIDO-based solutions to secure their users and accelerate their businesses.”

With the progress of the WebAuthn collaboration between FIDO and the World Wide Web Consortium (W3C), and of FIDO authentication in general, Dunkelberger sees Nok Nok Labs’ FIDO expertise giving the company a huge advantage as regulations tighten.

“We have done a ton of work on the implementation side of FIDO, on both the client side and server side. We have a ton of extra capability you’re going to need in real world deployments,” Dunkelberger told Biometric Update.

Among its recent highlights, through its partnership with NTT Docomo and Softbank, the company’s technology is deployed to over 85 percent of the Japanese mobile market. It has also had successful recent rollouts with China’s largest financial institution and Ericsson, which carries roughly 40 percent of the world’s mobile traffic, according to the announcement.

In addition to the record year for direct sales, Nok Nok Labs’ established partnerships with Fujitsu and ThreatMetrix during 2017. It also reached a reseller agreement with NTT DATA earlier in 2018.

Article Topics

authentication  |  biometrics  |  financial results  |  Nok Nok Labs