How they describe themselves: As the convergence towards the smart phone crystallises, the need for the security is paramount, and telecommunications is at the core of the capability. At ValidSoft, we offer world-class telecommunications based security solutions, custom built for the new mobile landscape, and are the only software security company in the world with three European Privacy Seals. ValidSoft has the world’s only indigenous, IP based, secure multi-layer, 5-factor indigenous platform, preventing fraud before it happens and virtually eliminating very costly false-positives. At the heart of our security model is a focus on real-time “invisible” authentication and transaction verification.
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.