FinovateFall 2020 / Authoriti
Presenter Profile:
How they describe themselves: The Authoriti Network was founded in 2017 to create new ways of preventing identity theft, fraud, and misuse of data. Our founders have significant leadership experience dealing with InfoSec at-scale in the world’s leading financial institutions. Authoriti develops the patent-pending Permission Code® platform, which uses customer-originated smart PINs to give businesses the confidence that every transaction is authorized.
How they describe their product/innovation: The Authoriti Permission Code platform eliminates fraud by allowing users to easily embed both their identity and transaction details in a digitally signed, tamper-proof Smart PIN. Transaction details typically include account numbers, payment amount, and a time restriction for the transaction.
By securing the transaction, Permission Code Smart PINs can be distributed through any channel without risk of misuse. Even if a PIN is somehow intercepted, it can only authorize the specific transaction that the user originally requested.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
Contacts
Bus. Dev.: Rick Dill, rick.dill@authoriti.net
Press: Evan Birkhead, evan@authoriti.net