Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) Inc has announced the launch of its first-of-a-kind Biometric Multi-Factor Authentication (Biometric MFATM) solution.
Built on the tech group's advanced biometric tokenization, Biometric MFATM is spoof-resistant, verifies liveness, and replaces or supplements vulnerable one-time passcodes (OTP).
"Device-based multi-factor authentication is vulnerable,” said Kinny Chan, Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID)’s chief commercial officer (COO) in a statement.
"Passwords and passcodes aren’t enough to ensure that genuine, authorized users are accessing their own accounts or initiating transactions. Biometric MFATM lets partners layer intuitive, convenient, and seamless identity authentication where vulnerable passcodes are used today."
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Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID)'s Biometric MFATM sits wherever OTP is currently deployed, providing an alternative that, the firm says, is more "secure and privacy-positive".
"With one step, Biometric MFATM adds a second and third authentication factor by testing liveness and irreversibly tokenizing data from a simple selfie, eliminating the need for passcodes from SMS, email, authenticator apps, or hardware tokens," it added.
Located in seven countries across North America, Europe, Asia, and Africa, Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) creates proprietary AI-powered identity services for use in multiple sectors including banking and finance, real estate, communications, and humanitarian services
Readers can learn more about the transformational Biometric MFATM solution and become a Trust Stamp partner here.
Contact the writer at giles@proactiveinvestors.com