1Kosmos Named an Overall Leader in Passwordless Authentication for Consumers Leadership Compass Report by KuppingerCole
June 20 2024 - 9:03AM
Business Wire
1Kosmos, the company that unifies identity proofing and
passwordless authentication, today announced it was named an
overall leader, an innovation leader and product leader by
KuppingerCole Analysts AG in their recent Leadership Compass Report
on Passwordless Authentication for Consumers. According to
KuppingerCole, the market for passwordless authentication products
and services has witnessed exponential growth in recent years,
driven by the increasing demand for secure and user-friendly
authentication methods.
This report provides an overview of the market for Passwordless
Authentication for Consumers products and services, and presents
organizations with a compass to select the solution that best meets
their customer, partner, or workforce use case needs. A copy of the
report is available here with a subscription.
According to the report, it is important to note that
passwordless authentication solutions tailored for enterprise use
cases and those designed for consumer use cases exhibit distinct
differences in response to varied expectations. Consumer-focused
solutions must prioritize additional functionalities such as
seamless omnichannel experiences, self-service options, robust
privacy management, a consistent and user-friendly interface, and
the flexibility to operate on any device.
The report also states: 1Kosmos’ unique strengths include
identity proofing and onboarding capabilities, a strong and
well-documented set of APIs, and innovative features such as the
use of a private blockchain to store data, risk-adaptive
authentication, flexible account recovery options and its FIDO 2
certification. The company appears in both the product and
innovation leadership categories which should be of interest to
organizations in North America and the APAC regions.
“Being named an overall leader for passwordless consumer
authentication by KuppingerCole this year as well as an overall
leader in the passwordless authentication report last year,
highlights our ability to seamlessly support both consumer and
employee use cases,” said Hemen Vimadalal, CEO of 1Kosmos. “This
recognition of the 1Kosmos platform provides objective third party
validation of the value we provide customers as both a product and
innovation leader.”
About 1Kosmos Platform
The 1Kosmos platform verifies user identity for straight-through
onboarding of customers, workers and citizens. It creates a
reusable digital wallet for high assurance authentication into
digital services and instant validation of end-user qualifications,
competencies, authority, and more. A unique privacy-by-design
architecture centered around a private and permissioned blockchain
eliminates centralized honeypots of end user personal identifiable
information (PII), simplifying compliance to privacy mandates such
as GDPR and providing organizations tamper evident verification to
always know the identity behind devices accessing applications,
data and services. 1Kosmos has attained certification to NIST
800-63-3 and UK DIATF via Kantara, FIDO2, and both DEA EPCS and
ISO/IEC 30107-3 Presentation Attack Detection via iBeta. It is
easily embedded into mobile apps via an SDK, delivered as a cloud
service, and also available as a Credential Service Provider
managed service.
About 1Kosmos
1Kosmos enables remote identity verification and passwordless
multi-factor authentication for workers, customers and residents to
securely transact with digital services. By unifying identity
proofing, credential verification and strong authentication, the
1Kosmos platform prevents identity impersonation, account takeover
and fraud while delivering frictionless user experiences and
preserving the privacy of users’ personal information. 1Kosmos
performs millions of authentications daily for government agencies
and some of the largest banks, telecommunications, higher education
and healthcare organizations in the world. The company is funded by
Forgepoint Capital and Gula Tech Adventures with headquarters in
East Brunswick, New Jersey. For more information, visit
www.1kosmos.com and follow us on X and LinkedIn.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240620555910/en/
Media: Marc Gendron Marc Gendron PR for 1Kosmos
617.877.7480 marc@mgpr.net