How they describe themselves: Headquartered in Boston and Seoul, DualAuth, a spin-off from our main company eSTORM, was established in 2017 to focus on developing and delivering innovative mutual authentication technology to a global market.
Since eSTORM presented ‘DualCheck’ at FinovateFall 2016, we have developed two more mutual authentication financial technologies: AutoPassword™ and Authentic Beacon-Based Payment.
Our mutual authentication technology has been certified by FIDO Alliance and mentioned in a Gartner report as being a well-balanced authentication method.
How they describe their product/innovation: AutoPassword™ is an innovative mobile authentication technology, which allows users to verify the authenticity of online services whilst simultaneously verifying the authenticity of the user. AutoPassword™ outputs a randomized one-time password instead of relying on users to input a memorized password.
Authentic Beacon-Based Payment technology combines a one-time password dongle into a beacon transmitter. Then, the beacon transmits the signal containing authentic codes that change every 60 seconds. It simultaneously verifies the authenticity of both the payer and merchant, by simply tapping the user’s smartphone on the payment terminal.
Product distribution strategy: Through financial institutions, through other fintech companies and platforms, licensed