Company News

Prove Announces the Launch of Prove Auth™ to Deliver Next-Generation Passwordless Identity Authentication

Post by:
Prove
October 24, 2022
Post by:
No items found.
October 24, 2022
Prove Announces the Launch of Prove Auth™ to Deliver Next-Generation Passwordless Identity AuthenticationProve Announces the Launch of Prove Auth™ to Deliver Next-Generation Passwordless Identity Authentication

Prove Auth simplifies the digital customer experience while protecting from fraud

LAS VEGAS, October 24, 2022 - Prove Identity, Inc. (“Prove”), the leader in digital identity, today announced the launch of Prove Auth, a next-generation solution for passwordless login and omnichannel authentication.

Prove Auth enables enterprises to reduce reliance on passwords and one-time passcodes (OTPs) and empowers consumers to frictionlessly authenticate in all channels including phones, desktops and call centers with a solution that is simple, cost-effective, and secure. Prove Auth protects consumers from fraud including account takeovers.

Prove Auth is powered by Pinnacle, Prove's identity platform which manages identity tokens for 90% of the US adult population and is rapidly expanding globally. Prove's identity tokens enable passive authentication with unparalleled accuracy versus legacy methods that are probabilistic and cumbersome.

With the launch of Prove Auth, Prove can now effectively provide its clients a frictionless and secure end-to-end digital customer journey when paired with Prove’s industry-leading identity verification and identity management solutions.

“Multi-factor authentication desperately needs to evolve, as one-time passcodes and passwords are cumbersome and vulnerable to social engineering and other fraud vectors. These legacy methods are costly to businesses and also create friction that negatively impacts the consumer experience. We are excited to add Prove Auth to our solution portfolio as our clients can now use Prove to establish and maintain high trust throughout the digital customer journey- from new account opening, to passwordless authentication and account servicing,” said Rodger Desai, Co-Founder and Chief Executive Officer at Prove.

A recent survey conducted by OnePoll on behalf of Prove discovered that 79% of US consumers have six or fewer go-to passwords across all of their online accounts, while 62% would abandon trying to log into an account after just three failed password attempts. The poll also found that 22% of respondents have been a victim of identity fraud, while an additional 36% knew someone who was a victim, further illustrating the need for passwordless identity authentication.  

Prove’s solutions are used by more than 1,000 businesses globally across diversified industries, including 8 of the top 10 banks, 3 of the top 5 retailers, 2 of the top 3 cryptocurrency exchanges, 2 of the top 3 healthcare companies, and 6 of the top 10 insurance companies in the U.S.

To learn more about Prove Auth, visit: https://www.prove.com/solutions/auth

About Prove Identity, Inc. (“Prove”)

As the world moves to a mobile-first economy, businesses need to modernize how they acquire, engage with and enable consumers. Prove’s phone-centric identity tokenization and passive cryptographic authentication solutions reduce friction, enhance security and privacy across all digital channels, and accelerate revenues while reducing operating expenses and fraud losses. Over 1,000 enterprise customers use Prove’s platform to process 20 billion customer requests annually across industries, including banking, lending, healthcare, gaming, crypto, e-commerce, marketplaces, and payments. For the latest updates from Prove, follow us on LinkedIn.

PR Contact:

pr@prove.com

Create secure frictionless customer experiences using modern identity solutions

Join over 1,000 businesses that rely on Prove across multiple industries, including banking, FinTech, healthcare, insurance, and e-commerce. Contact us today.

Create secure frictionless customer experiences using modern identity solutions

Join over 1,000 businesses that rely on Prove across multiple industries, including banking, FinTech, healthcare, insurance, and e-commerce. Contact us today.

Keep Reading...Read our latest white-paper on this subject!

Tap the button below to read our latest white-paper on the subject as industry leaders.

Accelerate your onboarding

Contact us to learn how leading companies are using Prove Pre-Fill to modernize the account creation process by shaving off clicks and keystrokes that kill conversion.

Create frictionless customer experiences

Get in touch to find out how we can help you identify your customers at every stage of their journey and offer them seamless and secure experiences.

Schedule a demo

Let our expert team guide you through our identity verification and authentication solutions. Select a date and time that works for you.

Schedule a demo

Find out how we can help you deliver seamless and secure customer experiences that comply with PSD2/SCA. Select a date and time that works for you.

Interested in more information about Prove Pre-Fill?

Download the Report

Download Aite-Novarica Group’s full report about Prove Pre-Fill, including a product overview, customer results, and how the product works.

Interested in more information about MFA?

Download the guide now to learn how you can improve security, cut down on fraud, and create the best possible customer experience.