How they describe themselves: ValidSoft is the world’s leading provider of telecommunications-based authentication and transaction verification solutions for financial services and governments. As the banking and payments world begins to converge onto smart telecommunications-based devices, our integrated security platform, built solely on a real-time zero client-footprint model, allows to leverage these convergence devices to provide visible and invisible security layers for all transaction channels whilst also providing protection where the device itself is the channel. This integrated platform uses proprietary technologies including Out-of-Band authentication and transaction verification, Proximity Correlation Logic, Pseudo Device Theft detection and biometric voice verification, allowing organizations to protect all of their customer transaction channels within a single platform.
How they describe their product/innovation: ValidSoft’s SMART platform caters for the disparity in mobile networks and devices, use cases and the corresponding transactional risk intrinsic in mobile payment applications. SMART achieves this by providing a layered architecture of voice and mobile network‐based security protocols and technologies, both visible and invisible, to protect mobile payment and M‐banking transactions alike.