SOMERSET, N.J.--(BUSINESS WIRE)--1Kosmos, the only company that unifies identity proofing and passwordless authentication, today announced it has been named Best Consumer Digital Banking Solutions Provider in the 2022 Banking Tech Awards USA, presented by FinTech Futures, the definitive source of intelligence for the global fintech sector. Winners were selected by a panel of financial industry experts.
1Kosmos BlockID was recognized as a digital channels solution that facilitates meaningful change to the way a bank operates, builds products and delivers services, bringing clear and measurable improvements to the organization and customer experience.
“1Kosmos being named the Best Consumer Digital Banking Solutions Provider illustrates the importance of identity verification, not just authentication, in online banking today,” said Hemen Vimadalal , CEO of 1Kosmos. “The ability of BlockID to perform identity verification instead of just relying on an authentication method like a username/password or one-time password, enables financial institutions to offer advanced services because they can prevent account compromise and fraud.”
1Kosmos BlockID is a live biometrics driven, passwordless, distributed digital identity platform that helps financial institutions establish with certainty the identity of individuals who are accessing their systems, applications and data, on a continuous basis, while supporting secure passwordless access to accounts. BlockID also provides bank employees with secure, automated onboarding and self service identity proofing and passwordless access to corporate applications, data and resources. 1Kosmos establishes with certainty the identity of individuals accessing consumer and corporate systems, applications and data.
1Kosmos enables passwordless access for workers, customers and citizens to securely transact with digital services. By unifying identity proofing and strong authentication, the BlockID platform creates a distributed digital identity that prevents identity impersonation, account takeover and fraud while delivering frictionless user experiences. BlockID is the only NIST, FIDO2, and iBeta biometrics certified platform that performs millions of authentications daily for some of the largest banks, telecommunications and healthcare organizations in the world. The company is funded by Forgepoint Capital and Gula Tech Adventures with headquarters in Somerset, New Jersey. For more information, visit www.1kosmos.com and follow us on Twitter and LinkedIn.