Veridium joins Mastercard accelerator to scale biometric authentication platform

Apr 2, 2019, 1:19 pm EDT | Chris Burt

Veridium has announced that it has been selected to join the Mastercard Start Path accelerator program, in recognition of its pioneering multifactor authentication platform applying biometrics to safeguard access to enterprise assets with trusted digital identities.

Mastercard Start Path helps late-stage startups rapidly scale by providing access to Mastercard’s ecosystem of customers and partners, according to the announcement. Approximately 40 companies are chosen each year from a pool of nearly 2,000 applicants, according to stringent criteria for solution innovation, including clear product differentiation and commercial traction, strategic fit with Mastercard’s innovation initiatives, the experience, diversity, passion, and relevant experience of the founders, and investment raised.

“Veridium is proud to join Start Path along with six other visionary companies as we work to scale our business and collaboratively change the face of payments and commerce,” comments Veridium CMO Lori Cohen. “In today’s digital world, we’re committed to helping companies enhance security and privacy in the face of increasing cyber threats and to meeting changing regulatory requirements like GDPR and PSD2. We look forward to working closely with Mastercard and its network of customers and partners to provide innovative authentication solutions using biometrics like our 4 Fingers TouchlessID technology to better protect businesses around the world.”

Start Path also provides bespoke training programs to unlock new potential, according to the announcement.

“Mastercard and startups share common goals and, together, our global network of innovators is reshaping a variety of areas relating to FinTech and commerce,” says Amy Neale, vice president and startup engagement lead at Mastercard. “We look forward to Veridium scaling its technology through the solutions it co-creates alongside our customers.”

Veridium recently added behavioral biometrics as a factor for its enterprise mobile authentication platform.