With around 11 million customers, 31,500 employees and 600 branch office locations, Nordea will use VeridiumID to replace tokens with biometric authentication for access to confidential and secure data. VeridiumID leverages biometric authentication that works in conjunction with a front-end mobile SDK that allows companies to embed biometrics into their mobile app. The bank considers this a critical first step in embracing multi-factor biometric authentication. VeridiumID’s software-only approach gives Nordea increased customization and scalability and offers increased security and ease-of-use at a lower cost.
And with the upcoming GDPR deadline, this comes at a good time for Nordea. The implementation of VeridiumID is part of Nordea’s strategy to improve how employees access data and accounts while meeting the new GDPR compliance demands. James Stickland, CEO of Veridium said, “With Veridium, Nordea will be able to take its first steps in advancing security for high privilege access and GDPR compliance.”
In addition to VeridiumID, Veridium offers VeridiumAD, which adds biometric authentication to Microsoft Active Directory environments, and 4 Fingers TouchlessID, which authenticates the user by capturing all four fingerprints at once using a rear-facing camera and LED flash.
Stickland most recently demoed VeridiumID with 4 Fingers TouchlessID at FinovateEurope 2017. The company first presented as Hoyos at FinovateSpring 2011, where it showcased its EyeLock solution. Last month, Veridium partnered with Walla to bring biometric authentication to sub-saharan Africa. Founded in 2015, the company has offices in the U.S., U.K., and Romania.