Privakey Launches Free Cloud Authentication Service

There’s no such thing as a free lunch– unless you’re a small company looking to eliminate passwords. That’s because digital identity service provider Privakey is making its cloud authentication service available for free, starting this week.

The Pennsylvania-based company is giving away one million authentications per month using its cloud-based technology. This means companies with low site volume will never be charged for the service, but have the option to upgrade to Privakey’s embedded technology.

Businesses can leverage Privakey’s cloud-based service to create a multi-factor login service on their website. To log into the site, end customers enter their email address, provide their PIN or their fingerprint as a biometric, and they are logged in. The same process works for onboarding new clients.

Founded in 2016, Privakey also offers Privakey CX, which is comprised of Mobile and Desktop Libraries and Request Origins, an authentication service that interacts with pre-existing processes. This service comes in handy for custom authorizations, such as a “yes” or “no” response from the client.

To get started with either service, companies can download Privakey’s iOS, Android, or Windows app and follow the OpenID Connect Protocol.

Privakey showcased its password-free authentication technology at FinovateFall 2017. Last month, One World Identity recognized the company as a top influencer in the identity sector. Privakey is self-funded by its parent company, Probaris Technologies, which has invested almost $4 million in the company. Charles Durkin is co-founder, president, and CEO.

Finovate Alumni News

On Finovate.com

  • Privakey Launches Free Cloud Authentication Service.
  • Ellie Mae to Power Delivery of Loan Data and Documents for Pacific Union.
  • Australia’s Business Only Challenger Bank Tyro Launches Tap & Save.

Around the web

  • Pockitapp partners with Dwolla for banking integration.
  • Singapore Business Review names Turnkey Lender and Bambu among Singapore’s hottest startups.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

20 Finovate Alums Earn Spots on One World Identity’s Top 100 Influencers List

When you think about it, what’s cooler than being named to a Who’s Who list in the world of digital identities?

One World Identity, an independent identity research and strategy company that specializes in cybersecurity, digital commerce, and risk management, published its roster of the Top 100 Influencers in Identity this week. This year, 20 Finovate alums made the cut. The individual influencers – as well as the companies they work for- are listed below.

As with last year’s roster, this year’s list was compiled by taking nominations submitted via Twitter, LinkedIn, and at oneworldidentity.com. The staff and advisory council for One World Identity whittled down the initial list of more than 1,000 nominees to a final 100.

One World Identity began as a project from a group of Google employees back in 2015. The company was officially launched the following year as a way to help spur innovation and collaboration in the field of digital identities. Travis Jarae is founder and CEO.

Finovate Alumni News

On Finovate.com

  • Intelligent Environments Appoints New CEO.
  • TransferWise Brings New Multi-Currency, Borderless Accounts with Debit Cards to Public.
  • Dream Payments Integrates with QuickBooks and First Data’s Clover.

Around the web

  • Meniga announced as FStech Awards 2018 finalist for ‘Challenges’ financial fitness.
  • Foundr Magazine interviews Expensify CEO David Barrett.
  • The Asian Review features Financial data and chat startup Symphony Software Foundation.
  • Forbes highlights AutoGravity’s take on lending.
  • Privakey is the latest fintech to join the FIDO Alliance.
  • Bluefin Payment Systems partners with Choice Ticketing to support PCI-validated ticketing payments.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Urban FT and Fortress Plus to Co-Market Digital Banking, Fraud Prevention to Community Banks
  • Alkami Scores $70 Million in Series D Funding

Around the web

  • Privakey joins the FIDO Alliance.
  • Featurespace opens U.S. headquarters in Atlanta.
  • NCR wins four GOOD DESIGN awards.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • NetGuardians Teams Up with Masaref Business & Systems Consulting.
  • Hyperwallet Now Supports Payouts from Amazon’s Australia Marketplace.
  • Multiple-Time Best of Show Winner Avoka Raises $12 Million in New Funding.

Around the web

  • Fiserv signs agreements with Illinois Educators CU in Illinois and Members Financial FCU in Texas.
  • ABN Amro leverages Matrix from Five Degrees to launch its wealth management solution, Prospery.
  • Overbond appoints George Harrington as new Head of U.S. Business Development.
  • FIS connects Fifth Third Bank customers to The Clearing Houses’ Real-Time Payments system.
  • Kinetica appoints Paul Appleby as CEO.
  • Experian Receives Top Workplace Honor for Fifth Consecutive Year.
  • Technical.ly: Privakey locks down patent for ‘a password-free future.’

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Concur Launches e-Fapiao Solution for China’s WeChat Platform.
  • Ephesoft Unveils Transact Mobile SDK 4.0, Leveraging Deep Learning to Create Clearer Images.

Around the web

  • Axis Bank leverages technology from Ripple to launch instant international payment service.
  • Temenos announces pair of new providers to its Marketplace: Callsign and Limitless.
  • NICE Adaptive Workforce Engagement (WFO) wins Frost & Sullivan award.
  • Infosys Finacle unveils blockchain-based trade finance solution for FIs: Finacle Trade Connect.
  • Privakey picks up patent for innovations in universal, password-free authentication.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateFall Sneak Peek: Privakey

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

Privakey is solving the challenge of making consumer authentication consistent and simple across the entire customer experience.

Features

  • Consumers can “Say Goodbye to Passwords”
  • Consistency is the key to customer experience
  • Never requires a second device for authentication

Why it’s great
Privakey improves the experience for your customers when online, in-person, or on the phone (and increases security, too!)

Presenters

Charles Durkin, CEO and Co-founder
Durkin co-founded Privakey in 2015, and is responsible for the company’s strategy, its communications, and its execution.
LinkedIn

 

Brian Ross, Vice President of Product
Ross currently serves as Vice President of Product and Services. He ensures that the promise of simple and secure authentication becomes a reality for consumers and businesses.
LinkedIn