How they describe themselves: For security-aware companies, Authy Two Factor Authentication (2FA) provides a proven fast-to-implement, highly scalable, and reliable alternative to passwords. Offering an intuitive user experience and a powerful API for developers, Authy 2FA is used by more than 10,000 websites and apps serving millions of new economy and fintech consumers the way they like their apps: single touch with self service. Our cloud access solutions are beloved by our users and promise to bring 2FA to all apps and users.
How they describe their product/innovation: Authy OneTouch is the next generation in strong authentication: frictionless and more secure. Authy OneTouch streamlines 2FA for consumers by making it a simple “yes” or “no” approval of a push notification initiated request on an authorized mobile or wearable device — there are no one-time password codes for users to enter or manage. Based on public cryptographic key processes, Authy OneTouch provides nonrepudiation and protects against phishing and man-in-the-middle attacks for any logon or event, such as changes in account settings, high-risk transactions, or credit card purchases.
Product distribution strategy: Developer driven sales, outbound enterprise and channel sales