How they describe themselves: Averon is the developer of the world’s first fully automatic and ultra-secure identity authentication standard, which provides magically quick, conversion-increasing form-fill and login solutions. Protected by 25 patents, Averon authenticates users by leveraging real-time mobile network signaling and encryption hardware already in every smartphone. Averon requires no installations, zero effort by users and no personally identifiable information, making it the most private security solution for online banking and financial services, ecommerce, bot transactions, blockchain, ticketing and much more.
How they describe their product/innovation: Your customers despise passwords because they’re a hassle and frequently forgotten. You don’t like passwords because they’re not secure, which is why you use two-factor authentication even though it adds friction. Now, with Averon’s MagicLogin, you can enable users to authenticate themselves without burdensome passwords or even a username. By pulling user data direct from mobile networks, Averon provides the safest, most convenient access that’s totally frictionless. Using encrypted hardware that’s already in every pocket, smartphone users can instantly be moved through banking applications and services with the trust that’s crucial for delivering the best possible user experience.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed