Airome Technologies, a Singapore-based developer of cybersecurity solutions for digital banking and e-document management systems, was announced as a representative vendor by Gartner.
The Vendor Identification for User Authentication 2021 report contains a comprehensive list of user authentication vendors who meant to provide security and risk management leaders responsible for IAM.
According to the Gartner’s market guide for user authentication,
“As remote work increases access management tool adoption, and security controls shift to identity, the ability to secure access with AM strategies aligned with continuous adaptive risk and trust assessment is paramount. Cost optimization for IT spending (e.g., AM) will also increase during 2021”.
Nowadays, many banks, fintechs and other companies are digitising their services with paying attention to security in particular and cybersecurity in general.
The guide said that it is essential to provide clients with a better user experience with high secure option for mobile and online banking transaction protection from the most popular cyberattacks such as man-in-the middle, SIM-swap, social engineering and many others.
PayConfirm, Airome Technologies’ software platform that performs mobile transaction authentication signature (mTAS), is an omni-channel platform based on cryptographic, biometric, risk-scoring and ID verification techniques to provide more user-friendly and secure experience within a digital journey in a financial sector.
The core of the solution is an authentication module based on asymmetric cryptography. This means that every transaction is confirmed with the usage of private key stored in the encrypted way on the mobile device and verified on the server side with a public key.
“The AIROME Team is proud to be recognised in Gartner’s Market Guide for User Authentication.
We believe this recognition highlights our ability to secure and accelerate our clients’ transformations with high industry innovation.”
said Denis Kalemberg, Co-Founder & CEO of Airome Technologies.
