Omniwire Introduces Cutting-Edge Biometric Authentication Features for Digital Banking

With the rise of bank fraud crimes, the fintech company offers a safer, user-friendly option with its groundbreaking patented biometric authentication technology for core banking providers.

NEW YORK, NY / ACCESSWIRE / June 4, 2024 / Omniwire, a leading next-generation fintech company specializing in core banking, issuer processing and card issuing services, proudly announces the release of its patented biometric authentication technology, designed to increase trust and security and create a safe, easy and improved user interaction with digital banking platforms.

Omniwire's biometric authentication technology provides a significant security leap in digital banking solutions. Banking security has never been more important: synthetic identity fraud will likely exceed $23 billion by 2030, according to the Deloitte Center for Financial Services. That trend has banks and fintechs seeking more advanced security systems, such as secure biometric technology, to deal with high-value transactions that are more likely to be conducted online than in-person.

Omniwire CEO Serge Beck stated, "The future of digital banking lies in enhancing trust and security through cutting-edge biometric authentication." He highlighted the company's commitment to leading digital banking technologies.

A key feature of Omniwire's innovative biometric authentication technology is the implementation of passwordless login environments. Omniwire combines secure PKI authentication with user-friendly biometric checks to eliminate the need for vulnerable passwords. The biometric login simplifies the authentication process with immediate verification through mobile push notifications.

Omniwire's technology supports Apple and Android biometrics for a smooth and secure login experience. It also provides multifactor verification, adding an extra layer of security to digital transactions and ensuring accurate user authentication across various applications. Furthermore, the platform securely stores and manages user identities, protecting against data breaches with advanced encryption technology.