FB pixel

Plurilock behavioral biometrics picked for frictionless authentication with $42K financial services contract

Plurilock behavioral biometrics picked for frictionless authentication with $42K financial services contract
 

Plurilock announced it has entered a contract to supply its behavioral biometrics to a major financial services client in America.

The $42,000 contract has been signed after what the company described as “an extensive series of proof-of-concept and testing deployments,” for a recurring 12-month deal.

Following the beginning of the partnership, the client will start utilizing a variety of Plurilock services, including the firm’s Plurilock ADAPT and Plurilock DEFEND. The financial services company had sought a frictionless authentication solution, and chose Plurilock’s technology for identity verification through hardware authenticators, OTP codes, or biometric scanners.

Plurilock’s solutions were installed onto the Company’s existing IAM (Identity and Access Management) and authentication stack. This will enable easier integration and an improved authentication workflow for users, and the client does not have to remove or modify existing systems.

From initial estimates conducted by the unnamed client, Plurilock’s behavioral biometrics-backed solution enabled a substantial reduction in overhead and key work stoppages caused by previously deployed authentication products.

“We are excited to be working with this client,” commented Plurilock CEO Ian L. Paterson. “They are a major player in their segment of the financial services industry and a very forward-thinking organization.”

According to Paterson, the fact such a prominent institution found the benefits and ROI of Plurilock solutions to be compelling validates the technology at the heart of the company’s core products.

Moving forward, the CEO said Plurilock will keep looking at expanding in the U.S. financial services sector.

“With more organizations in this sector exploring new and innovative methods to address their security infrastructure, we believe our authentication technology serves as an alternative to traditional solutions and an entry point into the U.S. market.”

Article Topics

 |   |   |   |   |   | 

Latest Biometrics News

 

Biometric ID cards remain foundational, but don’t count out fingerprint smart cards

Biometric national ID cards top the most-read news of the week on Biometric Update, between a contract in Cameroon for…

 

DHS and TSA adjust digital strategies with biometrics, facial recognition

U.S. government agencies are adapting in real time to a digital landscape transformed by AI, identity fraud, deepfakes and biometric…

 

Finger vein biometrics from Global ID deployed in Namibia’s fight against HIV

A new application of Global ID’s finger vein biometrics to help reduce HIV Infections among vulnerable young people is launching…

 

Bill allowing biometric age verification for booze sales moves to Missouri Senate

The Maryville Forum reports that Missouri retailers could soon perform age verification using biometric methods such as facial recognition or…

 

Victorians sign up for mobile driving licenses in droves but let down at the pub

Victoria reports 200,000 people signing up for mobile driving licenses (mDLs) within the first 48 hours of their introduction this…

 

Retail biometrics queues up from shopping malls to quick serve restaurants

Despite skepticism among American consumers, biometric payments in retail are about to have a moment, according to some experts. These…

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