Next-Gen Authentication
The Swedish model.
User set up one time and can then quickly and securely access your platforms and control what data they want to share, without platform-specific passwords/ accounts.
In Sweden, 98% entrust the first generation of this technology to authenticate all their bank transactions.
KEY FEATURES
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SMART ACCESS CONTROL
Eliminates potential fraud by real-time ability to act on user-, and event triggered alerts.
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PUSH NOTIFICATION PRIVACY
Limits the risk of unwanted attention from prying eyes as the system's push notifications' content is never displyed on the smartphone. To see the actual message the app needs to be opened.
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TRUE OUT-OF-BAND, THREE-FACTOR AUTHENTICATION
Strong Customer Authentication (SCA) for bulletproof security.
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PASSWORD FREE FOR ENHANCED USABILITY AND CONVENIENCE
User intuitive app requiring a minimum of taps and keystrokes.
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REGULATORY READY AND FUTURE-PROOF
No need to take device manufacturers, mobile operators, and other third parties into consideration.
CREATE NEW ID PROCESS
The security
Unique logic. It is built on three layers of protection.
Passwordless MFA with biometrics
SCA by using Facial recognition, 6-digit PINs, or fingerprint activation instead of passwords. MFA enhances security significantly as it is extremely doubtful that an intruder could forge all three authentication factors
Out-of-Band technology
The solution has minimal access points of exposure with the smartphone as a second authentication channel for two-way communication — enhanced security as it's difficult for fraudsters to compromise both communication channels simultaneously.
Asymmetric encryption
COVR's uses asymmetric (public-key) cryptography that guarantees the data is kept authentic to a degree where it can’t be questioned (non-repudiation).
BENEFITS
- A standardized and safe mobile customer identification system used by Banks, Government services and Companies.
- A powerful e-KYC solution that reduces fraud risk.
- Save time and money on third party security layers such as 3-D secure and OTP.
- Drives development of a wide range of online services.
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