How they describe themselves: Toopher is the most secure, most usable form of two-factor authentication available today. Using the location awareness of a mobile device, Toopher can automate the user’s normal behaviors in locations they deem safe like home or work. Toopher has two solutions: for internal facing use cases, Toopher protects a financial institution’s workforce, and for external facing use cases, Toopher protects the financial institution’s customers and their accounts. Toopher goes beyond just logins and maps onto any critical action including account provisioning, money transfers, deposits, and withdrawals.
How they describe their product/innovation: Toopher Access will allow clients to provide their customers with invisible authentication for logins and critical actions. Toopher Touch incorporates biometrics into the authentication process and Toopher Halo offers seamless deauthentication based on powerful geofencing technology. When the user leaves a specified geofence, Toopher will log them out automatically, ensuring full session security.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed