Money20/20 Europe: Biocryptology Aims to End Fraud with Fingerprints

“It all made for a compelling case during Money20/20 Europe, where biometric authentication has been enjoying a rising profile over recent years and is likely of particular interest now that GDPR has come into play.”

Spain-based biometric authentication specialist Biocryptology put biometric authentication in the spotlight on the first day of Money20/20 Europe with a major keynote address and a bit of star power.

In a discussion with Consult Hyperion Director of Innovation Dave Birch, Biocryptology CEO Ted Oorbals delved into his firm’s identity platform, which aims to extend fingerprint authentication across the web and the physical world. It revolves around a mobile app that leverages the fingerprint scanners now widespread across smartphone devices for user identification. The app can be used as a password replacement for logging into the websites of Biocryptology’s partners, and can be used in conjunction with Biocryptology’s compact N3 terminal device for physical access control.

Meanwhile, a separate hardware solution, the UP device, can itself enroll fingerprint templates to be used for both online and physical access control, and Biocryptology says the device actually exceeds European Banking Authority standards for strong customer authentication.

It all made for a compelling case during Money20/20 Europe, where biometric authentication has been enjoying a rising profile over recent years and is likely of particular interest now that GDPR has come into play. And with a remote endorsement from Antonio Banderas, the company’s tech ambassador, Biocryptology benefited from extra boost of attention at its keynote event.

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(Originally posted on FindBiometrics)