FB pixel

IDnow joins FIDO Alliance to help boost online transaction security

Categories Biometrics News  |  Trade Notes
 

Biometric identification and eSigning provider IDnow has come aboard the FIDO Alliance, alongside tech giants such as Google, Amazon, Softbank, and Facebook, to boost online transaction security by helping to create authentication standards and scaling down password reliance, the company announced.

IDnow delivers Identity-Verification-as-a-Service solutions developed in line with the strict regulatory requirements of the German financial market to more than 250 clients, including Bank of Scotland, Telefonica Deutschland, Western Union, Lottoland, Provinzial NordWest Group, and UBS.

“It will be a very exciting project for IDnow to develop the identity verification market even more actively over the next few years as part of the FIDO Alliance,” said Andreas Bodczek, CEO of IDnow. “We look forward to working with other interesting companies in the technology industry and are proud to become a member.”

The FIDO Alliance and its partners work together to establish authentication standards for mobile, web and desktop applications. Leveraging cryptography, security keys and biometrics, FIDO authentication is said to be more secure and user-friendly compared to passwords and SMS-based two-factor authentication.

“We are pleased to welcome IDnow as a member of the FIDO Alliance. IDnow brings innovative AI-based identity verification technology and a high level of security experience to the Alliance,” said Andrew Shikiar, executive director and CMO of the FIDO Alliance. “We look forward to their contributions and input, especially as we work as an industry to provide security standards and best practices for identity verification techniques in the context of identity binding to FIDO devices during registration and account recovery.”

Since the end of 2018, IDnow has grown its product offering to include AutoIdent, a fully automated product based on Artificial Intelligence.

Article Topics

 |   |   |   |   |   | 

Latest Biometrics News

 

Privado ID to tackle global demand for decentralized digital identity software on its own

Privado ID, previously known as Polygon ID, has officially separated from Polygon Labs to address the increasing global need for…

 

Implementing passwordless in device-restricted environments

By Rohan Pinto, CTO for 1Kosmos The increasing reliance on mobile devices for implementing secure, passwordless authentication in workplace settings…

 

Mastercard commits to passkeys for payment, full tokenization in EU by 2030

As the EU gallops into the digital wallet era, Mastercard is going full-token, as it announces a plan to achieve…

 

NIST adds flexibility, digital format to security requirements for federal contractors

The U.S. National Institute of Standards and Technology has updated its guidance for how businesses working with the federal government…

 

Clear deal paves way for patient ID verification for Epic customers

Clear has made a major inroad into the healthcare sector, with a deal that sets it up for integration of…

 

Coinbase announces smart wallets for easier transition to chain

Coinbase is riding the wallet wave, with the launch of its next generation of smart wallets. A blog post from…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events