Passwordless and Multifactor Authentication to simplify customer omnichannel experiences, increase authentication assurance and phase out passwordsĪuthorization and User Management to provide personalized customer identity experiences, make guest account conversion easier and consolidate identity silosĭigital Identity Fraud Protection to detect and stop account takeover and other risks, verify identities during registration and account recovery, and reduce the dependency on time-consuming step-ups that frustrate usersĮmbedded Orchestration to provide end-to-end integration and automation across the spectrum of identity security and risk management controls The platform includes the following modular services, delivered as developer-friendly APIs: The company has also renamed and repackaged its integrated platform products - BindID, RiskID, FlexID, VerifyID and UserID - as the Transmit Security CIAM Platform, making it easier for enterprises to acquire the identity services they need for the best combination of security and customer experience. In March, Transmit Security was honored by Fast Company as one of "The 10 Most Innovative Security Companies" for 2022. The company has added customers such as Goldman Sachs, BRED Banque Populaire and America’s Car-Mart to a list that already included industry leaders like Citigroup, Lowe’s, UBS, Santander and HSBC. Since June 2021, when the company announced the largest cybersecurity Series A funding round in history, Transmit Security has grown first half revenues by 40% year over year, expanded its employee base by 41%, grown its customer base by 51% and exceeded $100 million in annual recurring revenue (ARR). We’re proud to introduce those expanded capabilities as core parts of our cloud CIAM platform." "We understand that account security, threat intelligence and identity verification - seamlessly integrated as an end-to-end solution - are essential to protecting customer accounts while delivering an excellent user experience. "From our founding, we have delivered identity orchestration, multifactor and passwordless authentication and other capabilities for the most risk-aware companies," said Mickey Boodaei, co-founder and CEO of Transmit Security. The company also rebranded its identity products, reflecting the shift to a developer-friendly approach to delivering secure identity services as APIs. TEL AVIV, Israel & BOSTON, August 17, 2022-( BUSINESS WIRE)- Transmit Securitytoday announced essential new capabilities of its customer identity and access management (CIAM) platform, along with key milestones and record customer and revenue growth for the first half of 2022. More recently, the company was listed as one of the World’s Most Innovative Companies by Fast Company, and months later started a significant expansion in Europe to meet the rapidly growing demand for passwordless customer authentication.Security leader delivers expanded fraud protection, threat intelligence and identity verification as integral parts of its cloud-native customer identity & access management platform The rebranding comes roughly a year after Transmit Security raised a whopping $543 million in Series A funding. “Our experience in securing and supporting mission-critical, customer-facing services for many of the most demanding enterprises guided us to delivering the next generation of CIAM software.” “Since we launched the industry’s first omnichannel identity orchestration product in 2016, we have consistently enhanced our capabilities and grown our customer base to support more than $2 trillion in annual commerce,” says Transmit Security Co-founder and President Rakesh Loonkar. The software suite also comes with digital identity fraud protection features to detect and stop account takeovers, and embedded orchestration components to provide end-to-end integration and automation. Transmit’s platform enables the use of mobile device-based biometrics and FIDO protocols as a passwordless authentication method. Transmit Security added a number of new customers over the last year, including Goldman Sachs, BRED Banque Populaire, and America’s Car-Mart.įollowing the rebrand, the digital identity experience firm has repackaged its products BindID, RiskID, FlexID, VerifyID, and UserID, into a single platform offering different modular services as application programming interfaces (APIs).Ĭalled Transmit Security CIAM Platform, the identity suite packages security features from all of the company’s individual services, including passwordless and multi-factor authentication (MFA), and authorization/user management capabilities.
0 Comments
Leave a Reply. |