Ipsidy Inc (OTCQB:IDTY) said it has partnered with Login ID Inc to provide new tools to fight fraud in online activities.
The mobile biometric identity solutions provider said it will integrate its biometric identity verification platform, Proof, with LoginID’s fast identity online (FIDO) as a service platform to offer seamless FIDO2 web authentication and login services.
FIDO2 enables easy and secure logins to websites and applications via biometrics, mobile devices and FIDO Security Keys. It also eliminates the need for passwords by using a combination of biometric verification and device authentication via cryptographic security.
Ipsidy said its combined solution with LoginID will allow enterprises to remotely verify an account holder’s identity and bind it to their device during provisioning, adding that the enhanced capability will remove any uncertainty of the identity of the user transacting with the enterprise.
“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. 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.” Ipsidy chief executive and deputy chairman Phillip Kumnick said in a statement.
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