This post is part of our live coverage of FinovateSpring 2015.
Mistral Mobile is demonstrating its multifactor authentication platform, m-Aegis.
m-Aegis is the only comprehensive, multifactor, telco-independent, authentication and security solution for mobile applications and OTP replacement. Mobile banking and payments are exploding: Juniper Research predicts there will be more than one billion mobile banking users worldwide by 2017. Simultaneously, the roadblocks to mobile payments are disappearing with solutions such as host-card emulation and secure-elements, clearing the way for sustained dramatic growth. However, with opportunity comes risks. With increased volumes, mobile-initiated transactions become lucrative targets for hacking and fraud. According to a study by RiskIQ, more than 11% of all Android banking applications are suspicious and potentially contain malware. Mistral Mobile’s m-Aegis Mobile Integrity provides a comprehensive solution combining multiple factors such as device fingerprinting, SIM validation and usage data to maximize the integrity and create a high-confidence, no-gap verification model without compromising user experience.
Presenters: CEO Ludwig Schulze and Paul Yoo, chief commercial officer
Product Launch: February 2015
Metrics: 15+ employees
Product distribution strategy: direct to business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Oulu, Finland and New York City, New York
Founded: June 2012