Afterward, SecureKey took the stage to show authentication technology:
"Imagine a world where, as a consumer, you can use things you already have to enhance your online and mobile experience (your smart phone, your bank card, your tablet or PC). Imagine a world where, as a Bank Card Issuer, you can minimize card-not-present fraud and provide value-added services based on strong authentication, to your consumers and commercial partners. Imagine a world where, as a merchant, you can sell to your clients through extended channels, securely, and with little risk of card-not-present fraud. And imagine a world where online service providers such as governments can actually transact with their constituents after ascertaining their identity, while still transacting anonymously."
Product Launched: September 2012
HQ Location: Toronto, Canada
Company Founded: April 2008
Metrics: SecureKey is a privately-held company based in Toronto, Canada with over 100 employees. In June 2012, SecureKey completed a $30M strategic investment round of growth capital, led by Intel Capital. Other investors include Visa Inc., MasterCard, Discover Financial Services, Rogers Venture Partners LLC, and TELUS Corporation. In November 2011, SecureKey was awarded a contract by the Government of Canada to provide an innovative Credential Broker Service, named SecureKey Concierge, which allows Canadians to use their bank authentication credentials to obtain access to online government services. Current banking partners include TD Bank Group, Scotiabank and BMO Financial Group.
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Chris Gardner (VP, Partner Engagement) and Christian Ali (VP, Product Development)