How they describe themselves: Averon is the world’s first fully automatic and ultra-secure mobile identity authentication standard, which also provides magically quick, conversion-increasing form fill solutions. Protected by 25 patents, Averon authenticates users by leveraging realtime mobile network signaling and encryption hardware already in every smartphone. Averon requires no installations, zero effort by users and no identifiable personal data, making it the most private security solution, protecting ecommerce, bot transactions, blockchain, ticketing and much more.
How they describe their product/innovation: Averon’s new MagicFill solution seamlessly converts prospects into customers with just a zip code, using real-time data signaling and the encryption hardware already in every smartphone. Powered by Averon’s proprietary authentication platform, our ultra-secure technology breezes users through signup forms and checkouts with only a few simple clicks. Conversion funnels for financial institutions are often obstacle courses with lengthy forms that are difficult to populate, especially for mobile users. Averon’s conversion-increasing MagicFill solution provides frictionless control with an elegant and lightning fast user experience
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed