Biometrics security company Sensory announced this week its TrulySecure technology is now being used by two dozen banks, including Alior, AXIS, Banorte, ICICI, Maybank, Mizuho Bank, and Qatar Islamic Bank.
“Since announcing the first version of TrulySecure, we have had a great deal of interest from banks wanting to utilize our technology for adding greater user security to their apps without compromising convenience. While we are certainly excited to have more than two dozen banking customers, we believe that we are just now beginning to see the tipping point for mass adoption among banks globally,” said Todd Mozer, CEO of Sensory.
TrulySecure, the company’s face and voice biometrics technology, is FIDO-certified to secure mobile applications for financial services companies. The solution works across multiple iOS and Android devices and functions with the existing hardware on the device. To enhance the TrulySecure user experience, Sensory has formed multiple integration partnerships with technology firms including EZMCOM, Fujitsu, Samsung SDS and VeriTran; and authentication solution providers HYPR and Nok Nok.
In addition to securing bank apps, TrulySecure protects mobile payment, password manager, and retail apps. The company launched a virtual bank teller system at FinovateFall 2017. The bank teller leverages AI to provide a human-like interaction that offers payment and money transfer capabilities with built-in biometrics verification.
Sensory was founded in 1994 and is headquartered in California. Last fall, the company partnered with Fujitsu to power biometrics for Mizuho’s mobile banking app. Sensory has raised $400k from Norwest Venture Partners.