Cybersecurity specialist Uniken took home top honors at the Temenos Innovation Jam in Miami. The win sends the company to the finals to be held in Dublin, Ireland in May where Uniken will compete against regional winners from competitions in Hong Kong, Abu Dhabi, London, Geneva, Amsterdam, and Luxembourg. Fellow Finovate alum Pushfor, one of the winners of the Dublin competition, will also participate in the finals.
“We are delighted to win the Miami Innovation Jam,” Uniken CEO Bimal Gandhi said. “Our solution is what I call ‘Customer First Security.’ The REL-ID mobile-first security platform was designed for today’s world and today’s consumer. No more passwords, no more worry about stolen credentials, the need to divulge PII or answer bizarre questions about my favorite foods or songs when someone calls in, and most importantly customers can interact with their bank the way they want – email, chat, voicemail.”
Uniken offers a unified defense-in-depth cybersecurity platform developed specifically to secure digital channels. The company’s technology combines security and transaction verification without adding friction to the user experience, and leverages biometrics, cryptographic split keys and device intelligence to provide secure channel and endpoint threat detection. Uniken’s platform has secured more than $500 billion in transaction value, and boosted customer engagement for its clients by as much as 3x, helping them gain wallet share.
This year marked the third year Temenos has brought its Innovation Jam event to Miami, Florida. The competition was hosted in partnership with Cognizant, Celent, and Information Technology Solutions & Services (ITSS). A total of ten companies competed at the Miami event. Coming in second place behind Uniken was Quantaverse.
Founded in 2013 and headquartered in Chatham, New Jersey, Uniken demonstrated its REL-IDverify solution at FinovateAsia 2017. Earlier this year, the company’s CEO was recognized by Insights Success as one of the 10 Most Innovative Business Leaders to Watch in 2018. Also this year, Uniken’s CTO, Nishant Kaushik, was honored by One World Identity as one of its Top 100 Influencers in Identity. A graduate of Wells Fargo’s startup accelerator program, Uniken has raised more than $8 million in funding. Check out our feature on the company: Uniken Introduces Relationship-Based Authentication.