V-Key, a global leader in mobile security solutions, introduces V-Key ID, a breakthrough solution enabling businesses to secure digital identities across all platforms. V-Key ID delivers a comprehensive digital identity experience, ensuring seamless onboarding, authentication, and biometric verification while adhering to the highest privacy standards.
Joseph Gan, CEO of V-Key, stated, “V-Key ID is not just a technology but a strategic solution for businesses navigating complex digital ecosystems. It streamlines identity processes, allowing businesses to scale securely while delivering an efficient experience for users.”
Tailored for Business Needs
V-Key ID addresses identity integrity issues, essential for industries facing digital security challenges like theft and fraud. It supports secure interactions in sectors such as:
- Financial Services: Multi-layered verification safeguards user transactions and protects against fraud, maintaining customer trust.
- E-Commerce: Advanced mobile verification ensures secure user authentication at checkout, preventing account takeovers and reducing fraud.
- Government Services: Provides secure, verified access to sensitive citizen data in mobile applications, vital for processes like tax filings.
- Gaming, Healthcare, Insurance : Robust authentication secures user accounts and assets, enhancing trust and minimizing identity theft and mis-use.
Security Features
Privacy-First Security Approach: V-Key ID leverages ZeroBiometrics™, a privacy-first biometric authentication technology certified under ISO/IEC 30136. Its core component, ZeroFace™, generates a unique code on users’ devices without storing any facial data, thereby preserving privacy. This decentralized design not only minimizes exposure to data breaches but also supports rapid deployment and ensures regulatory compliance.
Mobile-Centric Authentication: Facilitates efficient identity checks for authorized access.
Seamless Device Transitions and Quick Integration: Users can switch devices effortlessly without re-onboarding. V-Key ID’s simple integration via a single API call reduces deployment complexity, allowing businesses to enhance security quickly.
Enhancing Security with Strategic Partnerships
V-Key has partnered with Bridge Alliance to integrate Silent Network Authentication (SNA) APIs into V-Key ID, leveraging real-time telco data for robust authentication and fraud prevention. SNA APIs, such as the Number Verify API, enable businesses to confirm customer phone numbers seamlessly and securely, reducing the risk of fraudulent activities.
V-Key ID at Intersekt 2024
V-Key ID was showcased at Intersekt 2024, Australia’s top fintech event hosted by Fintech Australia. During the Global Pitch Night, Raymond Lee, COO of V-Key, said, “V-Key ID is built on top the security that we have been delivering to the mobile ecosystem over the last 10 years. We’ve listened to our customer challenges and have focused on the portability and privacy of identities to help businesses in the modern business environment navigate this ever growing ecosystem.” Peter Mah, SVP of Global Business, also highlighted V-Key ID’s importance during the 50 Pitch Night, pointing out the growing need for secure and reliable identity verification.
V-Key ID Leading the Future of Digital Identity at Singapore Fintech Festival 2024
At the Singapore FinTech Festival 2024, V-Key successfully showcased V-Key ID, demonstrating how businesses can secure digital identities across all platforms. The V-Key team delivered live demonstrations and detailed presentations, providing attendees with a firsthand look at the capabilities of V-Key ID.
A key highlight of the festival was the emphasis on payment innovations and advancements in digital identity, underscoring a significant shift in the fintech landscape. The trend towards more secure, user-friendly, and potentially passwordless authentication methods was evident, particularly with biometric authentication solutions. In line with these advancements, V-Key ID reflects a growing demand for secure digital identity solution.
By leveraging privacy-first technology, V-Key ID enables mobile-centric authentication that allows users to securely authenticate without the need for passwords. This transition points to a potential passwordless future in the fintech ecosystem.
About V-Key
V-Key is a software-based digital security company whose technology powers mobile security solutions that deliver the highest level of defense and control for digital identity, user authentication, access and authorisation — without compromising the user experience. V-Key solutions are trusted by across the digital banking landscape, as well as mega-app clients across the region that connect people, organisations, and devices everywhere.
For more information, visit www.v-key.com
