• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Trust Stamp Replaces OTPs With New Biometric MFA Solution

April 29, 2022

Trust Stamp is trying to replace One-Time Passcodes (OTP) with more secure biometric authentication options. To that end, the company has released a new Biometric Multi-Factor Authentication (Biometric MFA) solution that uses a selfie as a second authentication factor.

Trust Stamp Replaces OTPs With New Biometric MFA Solution

According to Trust Stamp, its selfie-based solution is more effective than OTPs because the selfies are far more difficult to spoof. Anyone can enter an OTP into an authentication system if they manage to obtain the code. That means that there is little to stop cybercriminals from exploiting such systems if the OTP is stolen or intercepted.

Biometric MFA, on the other hand, comes with liveness detection, which ensures that the right person is present for the interaction. The solution essentially turns the user’s selfie data into a secure identity token that is irrevocably linked to the person who created it.

Trust Stamp also believes that its solution will help businesses improve their identity operations. The company argues that its platform is easier to use than alternative methods like SMS passcodes and hardware tokens, and that it supports a more streamlined user experience. As a result, the solution can boost customer retention rates while mitigating the threat of fraud.

“Device-based multi-factor authentication is vulnerable,” said Trust Stamp CCO Kinny Chan. “Passwords and passcodes aren’t enough to ensure that genuine, authorized users are accessing their own accounts or initiating transactions. Biometric MFA lets partners layer intuitive, convenient, and seamless identity authentication where vulnerable passcodes are used today.”

Organizations that are interested in Biometric MFA can integrate the solution into their own workflows using Trust Stamp’s Identity Orchestration Platform, which debuted in February. The low-code Platform delivers a number of different identity utilities, including onboarding and account recovery in addition to Biometric MFA. Together, those solutions allow organizations to achieve compliance with various Know Your Customer and Anti-Money Laundering regulations.

Filed Under: Industry News Tagged With: Biometric, biometrics, enterprise security, face biometrics, facial recognition, One Time Passcodes, OTP security, selfie authentication, selfie biometrics, Trust Stamp, Trust Stamp Biometric MFA

Related News & Articles

Synaptics, Dialog End Acquisition Talks

New Dynabook Laptops Support Biometric Security, New Privacy Features

Report: PSD2 Requirements Will Drive Support for Biometric Authentication

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Another e-Betting Platform Leverages Biometric KYC, Care of Jumio
  • Thai Authorities Approve Mobile ID for Airport Boarding
  • New Yoti Solution Ties Biometrics to e-Signatures
  • Kenya’s New President Pushes for Digital ID By Year’s End
  • MDL, Digital ID Gain Momentum in State Efforts

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld