Uniken Inc. - Innovators of a Unique Security Approach
As more and more businesses shift a major chunk of their business processes online, the internet continues to witness a huge traction in terms of frequent transactions. With the advent of mobility in the BFSI segment, online transactions have never been more convenient, prevalent, or held more promise for user engagement and convenience. However, this rise has also unleashed an exponential increase in the threat landscape. Securing financial applications and transactions has become absolutely vital for financial institutes. Common issues of password and identity theft, as well as network attacks such as DDoS are still major and growing concerns today. The issue at the heart of this challenge is that today’s security models, such as SSL/TLS, are built to create a digital connection first and then verify the identity of the connecting party. This sequence is highly questionable and creates both enterprise risk and client dissatisfaction. Founded in Pune, India and now headquartered in the USA, Uniken Inc. has flipped this flawed model. Uniken’s REL-ID platform facilitates the verification of the identity of the user running the application on a specific, trusted mobile device and only then creates a secure digital connection. This solution brings in the capability to dramatically reduce the attack surface and eliminate, most importantly, the risk of credential compromise, social engineering and man-in-the-middle attacks amongst many others.
Providing an insight into the architecture of the solution, Bimal Gandhi, CEO-Uniken explains, “REL-ID allows enterprises to build into their own customer-facing native apps the ability to do strong, multi-factor authentication of users using the mechanism of their choice, be it fingerprint, voice or other biometric, without sending codes over SMS, using 3rd party OTP apps or hard tokens. The resulting user experience eliminates friction from the authentication flow, thereby enhancing user engagement with the mobile app.”
He further adds, “Going through the authentication process also creates a man-in-the-middle proof encrypted channel from the app to the back-end services, which unlocks the ability to power new and interesting use cases. One such capability that the REL-ID platform provides with it’s latest addition, REL-IDverify, is the ability to send contextual and data rich notifications to support omnichannel strong authentication and fully audited transaction verification requirements.”
Uniken’s approach to security goes beyond the traditional TLS/SSL to ensure end-to-end data privacy and data integrity. The easy to use solution can be implemented via an SDK and leverages identity mechanisms enterprises use today. The team at Uniken has developed REL-ID to scale as per the user’s needs and takes user friction to almost zero for the consumer. Gandhi explains, “Zero is our best statistic, Zero friction, Zero credential compromise, Zero network penetrations and Zero financial or data loss.” Alongside a rich security infrastructure, the platform also delivers an amazing customer experience which adds to the user’s delight.
Imagine using a dubious computer system while giving the institution the assurance of your true identity with complete algorithmic validation without the necessity of a password, or even logging into your application with the peace of mind that the information is protected. This is the degree of confidence and commitment Uniken’s REL-IDverify is able to usher into the business environment while empowering the users with military grade security. In the coming years, the firm can be expected transform the server and IoT security segment with breakthrough solutions.
With the advent of mobility in the BFSI segment, online transactions have never been more convenient, prevalent, or held more promise for user engagement and convenience
Uniken’s approach to security goes beyond the traditional TLS/SSL to ensure end-to-end data privacy and data integrity. The easy to use solution can be implemented via an SDK and leverages identity mechanisms enterprises use today. The team at Uniken has developed REL-ID to scale as per the user’s needs and takes user friction to almost zero for the consumer. Gandhi explains, “Zero is our best statistic, Zero friction, Zero credential compromise, Zero network penetrations and Zero financial or data loss.” Alongside a rich security infrastructure, the platform also delivers an amazing customer experience which adds to the user’s delight.
Imagine using a dubious computer system while giving the institution the assurance of your true identity with complete algorithmic validation without the necessity of a password, or even logging into your application with the peace of mind that the information is protected. This is the degree of confidence and commitment Uniken’s REL-IDverify is able to usher into the business environment while empowering the users with military grade security. In the coming years, the firm can be expected transform the server and IoT security segment with breakthrough solutions.
