Veridium Listed in Six Gartner Hype Cycles for Biometric Authentication Methods

Quincy, MA – September 08, 2017 – Veridium, a leader in identity access management solutions using biometrics as the primary authenticator, today announced it has been listed as a sample vendor in six of Gartner’s 2017 hype cycles for biometric authentication methods.  Veridium believes these listings demonstrate the continued success and maturity of biometric technology. Veridium feels that being listed as a sample vendor in multiple hype cycles validates the company’s position as a leader in the industry whose focus is based on a continued user experience, enterprise and user security, mobile enhancements and identity management.

Veridium has been listed as a sample vendor in the following July 2017 Gartner Hype Cycles:

  • Digital Banking Transformation, July 2017
  • Human-Machine Interface, July 2017
  • Identity and Access Management Technologies, July 2017
  • IT in Gulf Cooperation Council (GCC), July 2017
  • Mobile Security, July 2017
  • Mobile and Endpoint Technologies, July 2017

The rapid evolution of mobile devices and overall technology maturity has raised the need for enhanced security measures and identity management. Ant Allen, Research VP at Gartner, notes: “Biometric methods suit mobile use cases, where users — especially retail customers — resist having to use any kind of discrete token. Biometric methods may be integrated within mobile apps (as they are in mobile banking), enterprise mobility management solutions, apps for mobile push authentication and so on.” 1

Veridium’s solutions eliminate the most vulnerable points of access – passwords and tokens– by replacing them with secure and convenient biometrics. Veridium has three mainstay products: 4 Fingers TouchlessID, VeridiumID and VeridiumAD. Powered by an unmatched legacy of IP and R&D, Veridium’s software increases security, improves convenience, and reduces fraud at a lower total cost of ownership than traditional multi factor authentication (MFA) solutions.

To further combat the increasing security issue faced by organizations, Veridium uses a unique system for the encryption and storage of biometric vectors. This system breaks the vectors into multiple encrypted files, splitting them so they cannot be recreated, and storing one on the device and one on the back-end server to minimize the risk of the biometrics being compromised in a data breach.

“We are honored to be cited as a sample vendor in several Gartner hype cycles,” shared James Stickland, Veridium CEO. “We believe our inclusion validates our increased focus on enhancing enterprise and user security alike, and the positive impact that biometric authentication can have as technology continues to evolve.”

For more information on Veridium’s products and biometric authentication capabilities, please visit https://veridiumid.com/biometric-authentication/.

1Gartner, Hype Cycle for Mobile Security, 2017 by Dionisio Zumerle, John Girard, July 20, 2017 http://gtnr.it/2icmTm6

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About Veridium

Veridium is a leader in the development of “strong authentication” solutions using biometrics instead of traditional passwords, PINs, and tokens. Powered by an unmatched legacy of IP and R&D, our software increases security, improves convenience, and reduces fraud at a lower total cost of ownership than traditional multi factor authentication (MFA) solutions. Veridium has offices in the U.S., U.K., Netherlands, and Romania. For additional information, please visit www.veridiumID.com.

 

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