Keyless’ passwordless authentication solution has arrived on the Temenos Exchange, broadening its availability to more financial services organizations.
The Temenos Exchange is an open marketplace for fintech solutions operated by Temenos, a Geneva-based provider of banking software. The solutions on its exchange are typically “pre-integrated”, turnkey systems that can easily be implemented by interested organizations.
Keyless’ eponymous solution is well-suited to the marketplace and its patrons. The platform is designed to create biometric profiles for end users that can be leveraged for authentication across the identity lifecycle. Importantly, Keyless emphasizes that with its “Zero-Knowledge Biometrics” technology, users’ biometric data is not stored, helping to ensure that it can’t be compromised in hack attack or any other kind of data breach.
Keyless itself has earned a number of important distinctions in recent months. Last year, it won an AI Breakthrough Award in the Authentication Innovation category and achieved ISO 27001 certification. It also was named a Biometric ID Platform Luminary in Acuity Market Intelligence’s Biometric Digital Identity Prism Report, an achievement that was echoed again this year when it retained Luminary status in Acuity’s financial services-focused Prism Report.
In a statement announcing Keyless’ integration with the Temenos Exchange, Temenos’ Director of Innovation and Ecosystems, Martin Bailey, emphasized that it could immediately extend Keyless’ reach in the financial services sector. “The integration with Temenos and joining Temenos Exchange means Keyless can write once and be readily available to banks globally that run on our platform,” he said.
For Keyless’ part, co-founder and CEO Andrea Carmignani called it “a significant milestone”, while the firm’s other co-founder and COO, Fabian Eberle, said it “marks a significant step forward in enhancing security and user experience in the banking industry.”
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July 5, 2024 – by Alex Perala
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