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Ipsidy strikes agreement with Wipro to help its enterprise customers combat online identity fraud

Both companies will team to offer innovative identity solutions to address the expanding demand for building trust and identity certainty in today’s online, digital world

Ipsidy Inc. - Ipsidy Inc strikes agreement with Wipro Limited to help enterprise customers combat online identity fraud
Wipro intends to offer Ipsidy’s facial biometric identity solutions -- Proof and Verified -- to provide enhanced identity assurance

Ipsidy Inc (OTCQB:IDTY) announced Thursday an agreement with Wipro Limited (NYSE:WIT) to help its enterprise customers combat identity fraud and to deliver seamless FIDO2 compliant Passwordless login tied to a proven identity. 

Wipro is a leading global information technology, consulting, and business process services company that helps its customers across six continents thrive in a world defined by disruption and fueled by transformative technology. 

Under the agreement, Ipsidy and Wipro will team to offer innovative identity solutions to address the expanding demand for building trust and identity certainty in today’s online, digital world. 

READ: Ipsidy says its biometric identity solutions can help state agencies stop CARES Act benefit fraud

Verification of an individual’s identity during enrollment, as well as ongoing authentication of that identity, underpins the basis of a new form of trust and security. To that end, Wipro intends to offer Ipsidy’s facial biometric identity solutions -- Proof and Verified -- to provide enhanced identity assurance throughout the digital transformation journey.

Proof by Ipsidy offers facial biometric identity verification utilizing trusted government-issued credentials and databases to help eliminate identity fraud during remote user and customer onboarding. Verified, offered through Ipsidy’s partnership with LoginID, delivers a FIDO2 strong authentication and Passwordless access solution that securely and automatically creates a digital chain of trust between biometrically verified individuals, their accounts, and their devices. 

Instead of entering complex and often forgotten passwords, Verified allows seamless biometric authentication of enterprise employees and customers to systems, web platforms, and mobile applications.

“Ipsidy is pleased to partner with Wipro to deliver our identity verification and FIDO2 authentication services across the globe,” said Ipsidy CEO Phillip Kumnick in a statement.

“Wipro is well-known for its market breadth and reputation for delivering innovative solutions to its customers as they grow their digital businesses. We believe this agreement opens new opportunities for our business, as Wipro assists clients with the critical challenge of mitigating identity fraud and enhancing system security.”

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

 

 

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Price: 0.21325 USD

OTCQB:IDTY
Market: OTCQB
Market Cap: $117.6 m
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