HYPR Launches Biometric Tokenization Platform

Biometrics-as-a-service provider HYPR today released its Biometric Tokenization SDK for third-party integration.

The HYPR software development kit enables enterprises to seamlessly implement biometric authentication in any application. Users can leverage biometric devices, such as phones and tablets, to authenticate with fingerprint, facial, or voice recognition. It includes mobile and desktop client libraries, as well as server-side software, to enable biometric tokenization. The HYPR platform allows users to authenticate actions without ever transmitting biometric data across the Internet. Rather than storing user data on a centralized server, with HYPR that data is kept securely offline.

The HYPR SDK is an "add-on" piece of software. Instead of replacing a company's authentication scheme, HYPR simply adds biometric authentication compatibility to an existing infrastructure.

The HYPR platform enables companies and their users to leverage modern-day biometric sensors on trusted consumer devices to replace password-based entry without having to worry about storing user credentials.

HYPR tokenizes biometric data and marries the mobile biometric device with advanced public key cryptography. User data never leaves the device, but authentication still takes place on the server side.

HYPR is device-agnostic and gives enterprise customers full control of how biometric authentication is used by their partners, employees, and customers.

"When we started building the HYPR platform, there was one mobile device on the market with a fingerprint reader. By the end of 2016, analysts project over a billion biometric-enabled devices will be in Internet users' hands. We're ensuring that companies are utilizing those biometric devices the right way, and that user data is kept safe," George Avetisov, CEO of HYPR, said in a statement. "The HYPR SDK is currently in deployment across a number of banks. Mobile wallets and even Bitcoin platforms also are integrating HYPR to prevent payment fraud across their user base. We've also been working with IoT developers, healthcare providers, and even streaming content platforms to deploy biometric authentication and eliminate account sharing."

"The proliferation of the Internet of Things has created a world of new security concerns that enterprises are largely unequipped for and are continually scrambling to address. An emerging priority for organizations is to move beyond simple password-based protocols and implement a new generation of authentication processes, namely through biometric technologies," Kyle Prigmore, an analyst at Enterprise Strategy Group, said in a statement. "HYPR provides a robust biometric solution that is sector-agnostic and scalable for the ever-growing IoT."

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