LoginID and Ipsidy Announce Strategic Partnership to Combine FIDO2 Strong Authentication with Biometric Identity Verification
The partnership encompasses integration of LoginID’s FIDO2 and UAF certified Strong Customer Authentication platform and Ipsidy’s Biometric Identity Verification platform
LoginID Inc. and Ipsidy Inc. a leading provider of secure, mobile biometric identity solutions, have announced a partnership that provides new tools in the fight against fraud in online activities. By integrating Ipsidy’s biometric identity verification platform with the LoginID FIDO as a Service platform, both companies will now offer seamless FIDO2 authentication and login services, delivered with enhanced security and the highest level of identity trust.
Today, customers tend to use the same password across multiple sites allowing hackers to easily guess or steal credentials. According to the 2020 Verizon Data Breach Investigations Report, over 80% of hacking-related breaches leveraged weak or stolen passwords. Quickly becoming the de facto standard for authentication, FIDO2 enables easy and secure logins to websites and applications via biometrics, mobile devices and/or FIDO Security Keys. FIDO compliant solutions eliminate passwords by using the combination of biometric verification and device authentication via cryptographic security, thereby securing and speeding interactions between customers and enterprises. FIDO2’s simpler login experiences, backed by strong cryptographic security, are far superior to passwords, protecting users from phishing, all forms of password theft, and replay attacks.
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Under this agreement, the companies will combine LoginID’s FIDO platform with Ipsidy’s mobile identity platform services. Proof™ by Ipsidy offers a seamless identity verification experience supporting mobile identity document capture, liveness confirmation and facial biometric matching of a selfie to a credential photo. Ipsidy’s IDaaS platform can also automatically and without human intervention, validate the authenticity of an identity credential and confirm its possession by the rightful owner.
The combined LoginID and Ipsidy solution allows an enterprise to remotely verify an account holder’s identity and bind that identity to their device during provisioning. This enhanced capability removes any uncertainty of the identity of the user transacting with the enterprise.
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“By offering Ipsidy’s trusted identity verification services, we add a low-lift integration option for developers to seamlessly incorporate identity verification, during the end-user registration process before our FIDO2 or UAF biometric authentication is added to a user’s profile.” said Simon Law, CEO of LoginID. “The combined solution provides end-users with the most secure, frictionless identity verification and authentication experience on the market”.
“This strategic partnership creates a significant enhancement to the available identity authentication services and solves for many of the critical authentication requirements of customers around the world.” said Phillip Kumnick, CEO and Deputy Chairman of Ipsidy. “Binding a biometric identity under control of the enterprise with FIDO2 strong authentication creates a high assurance solution, delivered easily to any customer platform, with the highest level of accuracy and trust.”
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