Privakey

Privakey Unveils Single Sign-On Solution for Enterprises

Privakey Unveils Single Sign-On Solution for Enterprises
By David Penn Posted on
Categories: Alumni News, Daily news, Privakey
  • Authentication platform Privakey has launched its Single Sign-On (SSO) solution, Privakey SSO.
  • The new offering enables enterprises to leverage passwordless authentication and authorization.
  • Headquartered in Philadelphia, Pennsylvania, Privakey made its Finovate debut at FinovateFall 2017 in New York.

Passwordless authentication solution provider Privakey launched its Single Sign-On (SSO) solution last week. Designed for enterprises, Privakey SSO responds to the demand for passwordless authentication as cybercriminals leverage social engineering to take advantage of traditional password-based systems.

“Privakey SSO is designed for speed and simplicity in both implementation and user experience,” company CEO Charles Durkin explained. “Small and medium-sized businesses can have Privakey SSO up and running within hours. Large enterprises benefit from a single, highly secure passwordless gateway to authorized applications and services.”

The new offering leverages a strong cryptographic authenticator to incorporate biometric data, PIN, and passkey for both authentication and authorization. Users supply the biometric or PIN, and a device-based secure passkey provides an additional layer of security by verifying the user’s identity as initially registered. Privakey SSO removes the inconvenience of passwords and out-of-band codes. Businesses can deploy the technology as a standalone, company identity platform, or integrate it to enable passwordless login to enterprise identity solutions from companies ranging from Microsoft to Google to Okta.

“We’ve engineered our solution to be fast, easy to use, scalable, and robust, ready to help you eliminate passwords – the primary target of cybercriminals,” Durkin said. He added that the solution was “ideal” for a variety of verticals including financial services, ecommerce, and IT.

Privakey is currently inviting companies interested in its technology to participate in its Privakey SSO Free Beta Test. The beta testing period runs from January 30, 2024 to May 31, 2024.

Headquartered in Philadelphia Pennsylvania, and founded in 2016, Privakey made its Finovate debut at FinovateFall 2017 in New York. At the conference, the company demoed its cloud-based, password-free alternative to identity authentication that is consistent, convenient, and secure.

Photo by Aphiwat chuangchoem

Share this:

Send Post Twitter LinkedIn Facebook

Privakey, bleu Join IBM Hyper Protect Accelerator’s 2020 Class

Privakey, bleu Join IBM Hyper Protect Accelerator’s 2020 Class
By David Penn Posted on
Categories: Bleu, IBM, Privakey

A pair of Finovate alums – Privakey and bleu – have earned spots in the 2020 class of the IBM Hyper Protect Accelerator. The program, launched this June, is dedicated to supporting innovative startups in both the fintech and healthtech industries. A total of 15 companies from nine countries were selected for the Accelerator’s incoming class.

Each participating startup will get up to $120,000 in IBM Cloud credits, an in-person workshop in the U.S., technical and business mentorship, and business value design assistance, as well as access to IBM’s network of partners, customers, and stakeholders. Startups will also work with program collaborators such as IBM Alpha Zone, Queen City Fintech, and MEDICI.

The IBM Hyper Protect Accelerator added that it will use IBM Cloud Hyper Protect Services powered by LinuxONE to ensure program startups have “the highest level of security, uptime, availability” as they innovate and scale their solutions.

Privakey demonstrated its cloud-based, identity and authentication service at FinovateFall 2017. Founded in 2016 and headquartered in Philadelphia, Pennsylvania, Privakey began the year with the release of the latest version of its Privakey CX solution. Last month, the company launched its PSD2 Strong Customer Authentication (SCA) solution.

“Our PSD2 compliant solution is designed to eliminate what merchants fear most about SCA – shopping cart abandonment,” Privakey CEO Charlie Durkin said. “The customer experiences a transaction flow that is intuitive, simple, consistent, and contextual. Privakey eliminates out-of-band codes and other inconvenient authentication methods typically associated with SCA.”

Making its Finovate debut at FinovateFall 2015, bleu leverages low energy Bluetooth beacons to facilitate mobile transactions. A small wireless device sends a Bluetooth signal to a customer’s Bleu app when they enter a store. The beacon links the customer with the store and when the customer is ready to pay, they choose their preferred method of payment to automatically complete the transaction.

The Los Angeles, California-based company was founded in 2014. Sesie Bonsi is CEO.

Along with Privakey and bleu, the rest of the cohort is below:

  • Azaad Health (healthtech – Pakistan)
  • BioTrillion (healthtech – U.S.)
  • Cube Wealth (fintech – India)
  • encore (fintech – U.A.E./Pakistan)
  • Fostrum (fintech – Canada)
  • Galen Data (healthtech – U.S.)
  • Home Lending Pal (mortgagetech – U.S.)
  • MotionsCloud (insurtech – German)
  • My Allergy (healthtech – U.K.)
  • px pulse (healthtech – U.S./Pakistan)
  • Verge.Capital (fintech – Ireland)
  • Wayapay (fintech – Kenya)
  • Well Kept Beauty (healthtech – U.S.)

The startups selected for the Class of 2020 were chosen by an expert panel of peers from IBM and Queen City Fintech. The criteria used by the panelists included team, value proposition, mission, problem statement, vision, target market, business and economic model, and technical roadmap.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on
Categories: AlphaPoint, eToro, IBM, Onfido, Outsystems, Ping Identity, Privakey

On Finovate.com

  • Onfido to Accept Bitcoin Payments Courtesy of Partnership with BitPay.

Around the web

  • eToro adds decentralized payments network, ZCash, to its product suite.
  • IBM announces $250 million partnership with the Bank of the Philippine Islands.
  • Ping Identity announces significant updates to its PingIntelligence for APIs cybersecurity solution.
  • OutSystems reports record revenue in 2018, as well as adding hundreds of new customers and nearly 60,000 new developers.
  • Privakey unveils the latest version of its Privakey CX solution.
  • AlphaPoint hires former R3 chief sales officer Scott Grayson as its new SVP and head of enterprise sales.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Avaloq, Cardlytics, eToro, Green Dot, LENDindex, Meniga, Privakey, TransferWise, Zopa

On Finovate.com

  • eToro Launches GoodDollar to Reduce Income Inequality.
  • Zopa Seals Series G Investment En Route to Bank Launch.

Around the web

  • Privakey partners with FIDO board member Raonsecure to deliver joint solution to North America.
  • Green Dot reports record Q3 revenue of $230.6 million, up 14% from $201.6 million in Q3 2017.
  • Cardlytics expands U.S. Travel and Entertainment division with new appointment.
  • UOB’s Digital Bank advances customer-centric data solutions with Meniga.
  • Avaloq appoints Martin Greweldinger as Group Chief Product Officer.
  • LENDindex adds Centre’s USDC digital currency to its SME loan portfolio.
  • TransferWise secures £65 million syndicated debt facility with NatWest, JP Morgan, and LHV Bank.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Privakey Launches Free Cloud Authentication Service

Privakey Launches Free Cloud Authentication Service
By Julie Muhn (@julieschicktanz) Posted on
Categories: Privakey

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bambu, Dwolla, Ellie Mae, Endor, Privakey, Turnkey Lender, Tyro

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.

Share this:

Send Post Twitter LinkedIn Facebook

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

20 Finovate Alums Earn Spots on One World Identity’s Top 100 Influencers List
By David Penn Posted on
Categories: authenticID, BBVA, Civic, Coinbase, Electronic IDentification, Experian, ID.me, IDology, Infosys, Juvo, Mitek, NuData Security, Ping Identity, Plaid, Privakey, SecureKey, Signifyd, ThreatMetrix, Trulioo, Uniken

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: AutoGravity, Bluefin Payment Systems, Dream Payments, Expensify, Intelligent Environments, Meniga, Privakey, Symphony Software Foundation, TransferWise

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Alkami Technology, CREALOGIX, Featurespace, Innofis, NCR Corporation, Privakey, Urban FT

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on
Categories: Avoka, Experian, FIS, Fiserv, Five Degrees, Hyperwallet, Kinetica, NetGuardians, Overbond, Privakey

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on
Categories: Concur, Ephesoft, Infosys, NICE Systems, Privakey, Ripple, Temenos

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.

Share this:

Send Post Twitter LinkedIn Facebook

FinovateFall Sneak Peek: Privakey

FinovateFall Sneak Peek: Privakey
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2017, FinovateFall 2017 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

Share this:

Send Post Twitter LinkedIn Facebook