SOURCE: OneID

April 29, 2013 09:00 ET

Financial Industry Embraces OneID for FinovateSpring 2013

REDWOOD CITY, CA--(Marketwired - Apr 29, 2013) - OneID, the first digital identity provider to eliminate the need for usernames and passwords, has been selected for a coveted demonstration opening at FinovateSpring 2013, which will be held May 14-15 in San Francisco. FinovateSpring showcases innovative technologies in banking and finance and stages a juried lineup of demos to introduce new technologies.

"FinovateSpring provides one of the premier platforms for introducing game-changing technologies for the financial industry," said Casey Newton, Vice President of Sales of OneID. "Our partners in the financial services sector are realizing the value of authenticating customers through their devices, without problem-prone passwords, all the while reducing the risk of fraud and cyber theft."

OneID eliminates the need for usernames and passwords while delivering a secure, compliant identity system that's easy for customers to use. OneID enables online transactions with a click or tap, instantly recognizing individuals through code embedded in their personal devices such as smartphones, tablets or PCs, while providing a flexible, customizable solution that enables secure, out-of-band transaction authorizations.

Key features and benefits:

  • Login: Single-click login, no password needed.
  • Two-Factor Authentication: Customizable to meet different security requirements, including FFIEC
  • Cross-Sell: Removes friction with single-click form filling
  • Top of Wallet: Increases purchase frequency with e-commerce deployment of OneID

"FinovateSpring provides attendees with insights into the innovations that will impact the future of banking," said Eric Mattson, CEO of the Finovate Group. "Online security and payments technology is very important to the banking industry, so we are pleased to have OneID demo at this year's event."

For more information on OneID and its online identity solution visit www.oneid.com.

About OneID
OneID is the first digital identity provider to eliminate the need for usernames, passwords and site-specific accounts, making the online experience simpler and more secure. OneID enables online transactions without typing by instantly recognizing individuals through their unique digital identity. OneID combines advanced, military-grade cryptography and a distributed cloud architecture to authenticate users through registered devices, like computers and smartphones. For businesses, OneID reduces fraud and eliminates the costs and risks associated with managing and securing customer accounts and data. Based in Redwood City, Calif., OneID was created by search engine Infoseek founder Steve Kirsch and is backed by Khosla Ventures and North Bridge Venture Partners. For more information or to create your OneID, visit http://www.oneid.com.

About FinovateSpring
FinovateSpring is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in San Francisco, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate and unique format. FinovateSpring is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit www.finovate.com/spring2013

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