Veridium, a leading developer of user-centric authentication solutions, today announced that it was recognized in nine Gartner reports in 2018, including references as a vendor for biometric authentication within seven of the analyst firms Hype Cycle Reports.
In todays digital age, businesses are consistently challenged to deploy more secure methods to protect their most valued assets “ their data and their people. Password, PIN and token authentication increasingly leave businesses vulnerable to costly data breaches. In response, there is a growing acceptance of biometrics as a more secure and user-friendly approach for access management and data protection across industries, including those in the digital banking world.
As more businesses look to replace their current mix of two-factor authentication (2FA) solutions with biometrics, Gartner named Veridium as a sample vendor in the following reports:
- Hype Cycle for Digital Banking Transformation, 2018 “ July 2018
- Hype Cycle for Mobile Device Technologies, 2018 “ July 2018
- Hype Cycle for Identity and Access Management Technologies, 2018 “ July 2018
- Hype Cycle for Human-Machine Interface, 2018 “ July 2018
- Hype Cycle for Mobile, Endpoint and Enterprise Wearable Computing, 2018 “ July 2018
- Hype Cycle for IT in GCC, 2018 “ July 2018
- Hype Cycle for Frontline Worker Technologies, 2018 “ November 2018
Biometrics have the ability to completely revolutionize how we operate in our daily lives “ accessing our bank accounts, enforcing the law, making purchases and more, said James Stickland, Veridium CEO. We believe Veridiums inclusion in these reports further reinforces the growing need for an authentication platform that utilizes biometrics to ensure secure experiences, whilst still offering convenience at a lower cost compared to less secure legacy solutions.
Today, biometric authentication is increasingly transforming how businesses and governments interact with consumers, employees and the general public. Digital banking leaders and blockchain and mobile device developers, for example, are successfully adopting the technology to accelerate and transform how people do business “ strengthening and simplifying the authentication process for tasks such as logging into corporate accounts and networks, traveling through immigration at the airport and even buying a home.
With the implementation of stricter data protection and security regulations, such as the EUs General Data Protection Regulation (GDPR) and Payment Services Direction (PSD2) with Strong Customer Authentication (SCA), businesses are also looking for new ways to get ahead of potentially damaging penalties. Biometrics can better protect users data and identities to avoid accidentally exposing personally identifiable information (PII), while also improving trust and creating customer loyalty.
Veridium delivers multi-factor security with single-step convenience. The companys software-only, authentication platform links an individuals biometrics to their mobile device for a password-free, frictionless login to consumer and business applications. Veridiums technology makes it easier for enterprises to easily embed biometrics “ such as face, fingerprint (including 4 Fingers TouchlessID) and behavioral “ into their digital environments for enhanced security and a better user experience.
To learn more about Veridiums biometric authentication platform, click here.
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About Veridium: Veridium is a leader in the development of user-centric authentication solutions which link biometrics (what you are) and with smart phones (what you have) as a means for password-free, frictionless login to consumer and business applications. Its multi-factor authentication (MFA) platform can eliminate the need for passwords, tokens, or PINs “ delivering MFA security with single step convenience at a lower total cost of ownership than traditional MFA solutions. Veridium has offices in the U.S., the U.K., and Romania. For additional information, please visit www.veridiumID.com.