How they describe themselves: Solus Connect is a highly adaptive and agile platform that offers a versatile suite of next-generation, multi-factor authentication software that seamlessly integrates machine-learning unobtrusive biometric solutions and behavioural tools that utilise user and device behaviour to detect and predict fraudulent behaviour. Solus has no hardware requirements and can be deployed as a cloud-based or on-premises solution that reduces the reliance on dongles to improve security and reduce costs. The global biometric authentication market is forecast to reach $30bn by 2021 with over 6 billion smartphones in use.
How they describe their product/innovation: Solus is developing adaptive machine-learning behavioural tools that utilise the user’s device behaviour to detect and predict fraudulent behaviour beyond the core biometric authentication product. We are introducing additional functionality to our platform to include enhanced device behaviour analysis and extending our system so that it provides the caller with a set of scores based upon their user behaviour, device score, and the strength of the workflow used to authenticate. We will report these scores individually and also as a consolidated ‘Solus Score’.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed