HID Global | Top 20 Banking Technology Solution Company - 2017
HID Global: Creating Rich and Secure Banking Experiences
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CIOREVIEW >> Banking Insurance >> HID Global

HID Global has been recognized by CIOReview Magazine as the recipient of “Top 20 Banking Technology Solution Companies - 2017,” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the CIOReview research and editorial team based on insights from an interview with Stefan Widing, President & CEO.

HID Global
Creating Rich and Secure Banking Experiences

HID Global

Stefan Widing, President & CEO
For years now, banking firms have been known to make their case for providing a seamless user experience and yet not compromise on security. More often than not, giving away a feature-rich millennial user experience takes a toll on security and likewise, a robust and secure system complicates the UI. It was not until recently when HID Global—a market leader of identity management products—released HID Approve that a solution was found to this mutually exclusive equation. HID Approve can be best surmised as a handheld validation device or authenticator that vets and verifies online access and enables secured banking transactions.

Stefan Widing, President and CEO of HID Global, explains that every time a transaction or access is attempted online, a notification is sent through push technology to a consumer’s mobile device to ask him or her to approve the transaction or login attempt. “The user swipes right with his finger to accept it or swipes left to reject it,” Widing says. In a nutshell, HID Approve is a high-octane effort to help banks put the power of “simple and instantaneous authentication” into the hands of their consumers.

By amalgamating public key-based cryptography with the firm’s proprietary authentication infrastructure, ActivID— which leverages push technology to yield better user experiences—HID Approve enhances cybersecurity for digital banking transactions. The major differentiator for the mobile app is its robust security feature that is far more intuitive and user-friendly compared to conventional authentication methods. Banks can now rest assured since their customers’ private online bank account information is secure, preventing data theft during transactions.

When it comes to deploying the service, HID Approve with its white-label rebranding feature fits into the customer’s UI seamlessly, allowing the bank to add value by fine-tuning and including their unique functionalities to the product. A bank can easily customize HID Approve so that it is presented as the bank’s brand without the need to build and maintain a custom app.

HID Approve includes flexible policy customization, robust security and data analytics


HID Approve also comes along with a Software Development Kit that enables organizations to integrate it with other corporate applications. HID Approve brings trust to end-users. It displays all the transaction information so that the end-user is in full control of the transaction in a fully-secured environment.

In addition to HID Approve, the firm also offers a multitude of innovative identity management solutions that have been attracting many banks and financial institutions, including a recent ATM verification for a Brazilian bank. For instance, Lumidigm from HID Global is a multispectral imaging technology that can be tailored to provide superior biometric authentication. With high levels of real-time detection, spoof prevention in conjunction with tamper-proofing and data encryption, Lumidigm enhances data integrity by a large degree. On the other hand, HID Global’s Digital Certificate solution permits encryptions of e-mails and other online documents, promotes paperless sharing and signing of contracts, and eliminates the hassle of multiple passwords and tokens.

Along with the suite of identity management solutions that helps banks fortify their infrastructure and reduce fraud, HID Approve empowers consumers to protect their finances in a simplified way. Widing emphasizes that the recently launched HID Approve has been and will be a strong addition to HID Global’s identity management portfolio. The turnkey mobile app is all set to address most of the identity lifecycle and authentication management concerns and ensure that only the right people have the right access to the right data. For bank’s consumers, HID Approve is available for download at Google Play Store and Apple App Store. “It includes flexible policy customization, robust security and data analytics, which in my viewpoint will be a game-changer,” Widing concludes.

HID Global

News

HID Earns Frost & Sullivan's 2023 Global Product Leadership Award for Delivering World-class Biometric Authentication Solutions

Friday, June 30, 2023

HID's ongoing innovation and superior technologies protect global companies against fraud and enable accurate and efficient identity authentication

SAN ANTONIO, -- Frost & Sullivan recently researched the biometric authentication solutions industry and, based on its findings, recognizes
HID with the 2023 Global Product Leadership Award. HID, a worldwide leader in trusted identity solutions, offers biometric hardware and software for enrollment, authentication, credential management, and highly secure government and citizen identification.

The company is focused on building customer value based on superior quality, cutting-edge technology, and in-depth know-how. Particularly, HID possesses a wide portfolio that offers first-class solutions for facial recognition, fingerprint biometrics, and livescan technology, creating substantial customer value for a wide range of use cases across different industries.

"Leveraging multispectral imaging (MSI) technology, advanced presentation attack detection (PAD), and structured light illumination in its advanced two-dimensional (2D)/three-dimensional (3D) camera technology enables HID to provide accurate identification in challenging lighting conditions such as darkness, direct sunlight, backlight, and gradient conditions, which many of its competition cannot achieve," said Danielle VanZandt, industry manager for Frost & Sullivan's commercial and public security group.

HID also features a customer-focused growth business strategy that positions the company as a major player and trendsetter in the biometric authentication solutions industry. HID's solutions apply to various industries, including banking and financial services, retail, healthcare, travel, transportation, hospitality, and the government sector.

"At HID, we are committed to leading the way in the biometric authentication industry by delivering superior technology solutions that empower trusted identities," said Steve Currie, SVP and Head of Extended Access Technologies of HID. "Our unwavering dedication to innovation, coupled with our deep industry expertise, positions us as a leader in the field. We understand the critical importance of securing identities and protecting personal information, and we are proud to play a key role in enabling secure and seamless authentication experiences for our customers worldwide."

To keep its position as a leader in this industry, the company is heavily investing in R&D to develop new technologies that leverage artificial intelligence (AI) and machine learning (ML) to improve its biometric solution performance. As a result, HID is uniquely positioned to grow its share in the sector since global companies continue to invest in secure and robust authentication solutions, including facial recognition and fingerprint biometrics.

"HID has spent the past 30 years evolving and growing into a leader and preferred identity vendor, which includes building and refining its product portfolio to enable use cases in all facets of the biometrics ecosystem (e.g., facial and fingerprint recognition, palm print, iris, and multi-modal biometric systems)," noted Samantha Fisher, best practices research analyst at Frost & Sullivan.

Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid acceptance in the sector. The award recognizes the quality of the solution and the customer value enhancements it enables.

Frost & Sullivan Best Practices awards recognize companies in various regional and global sectors for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry experts compare sector participants and measure performance through in-depth interviews, analyses, and extensive secondary analysis to identify best practices in the industry.


HID to Showcase Secure, Sustainable, Future-Proof Solutions at GITEX 2023

Thursday, September 21, 2023

Austin, Texas,– HID, the world’s leading provider of trusted identity solutions, announced it will showcase its latest innovations in secure identity issuance and identity management at GITEX Global 2023 under the theme, “Secure, Sustainable, Future-proof Solutions”.

Between 16 and 20 October, from Hall 5, Stand A15, at the Dubai World Trade Center, HID will demonstrate to GITEX delegates how the company has come to power the trusted identities of the world’s people, places, and things.

Secure

HID will showcase HID® FARGO® Connect™ — the industry’s first cloud-native card issuance platform — paired with card printing innovations such as the HID FARGO HDP6600 retransfer card printer and the DTC1500 direct-to-card printer — to demonstrate how the solution simplifies card issuance while increasing security.

The company will also introduce its HID ELEMENT™ UV Ink Printer and Laser Engraver card personalization solutions — specifically designed to meet the high-volume and high-security requirements of large organizations such as government entities and financial institutions.

Additionally, company experts will explain how HID PIAM (physical identity and access management) solutions reduce the costs and risks associated with onboarding, badging, visitor management, access management and compliance.

Sustainable

Through exhibited products, HID will demonstrate its dedication to developing more sustainable solutions and how product lifecycle and environmental impact considerations are central to the design of every HID solution — many of which are GreenCircle® Certified for their energy-saving and other eco-friendly attributes.

Future-proof

With the proliferation of mobile devices ever on the rise, HID will demonstrate how its cloud solutions provide new ways to manage identities and support new form factors such as smartphones and wearables — thus inherently future-proofing ID issuance and management for years to come.

“Security and sustainability are in our DNA,” said Andrew Munnik, Segment Director, MEA, HID. “As we unveil our latest innovations at GITEX Global 2023, HID will demonstrate how we continue to lead the way in providing secure, sustainable and future-proof solutions — ensuring today’s security and technology professionals have the tools they need to create safer and more eco-friendly work environments both now and as the world moves toward a more digital future.”

HID and CERTIFY Health Deliver Advanced, AI-Powered Patient Verification Technology to the Healthcare Industry

Wednesday, October 11, 2023

Impeccable Biometric Authentication Boosts Well-Being of Patients and Practices

AUSTIN -
HID, the worldwide leader in trusted identity solutions, and CERTIFY Health, a provider of modernized solutions to optimize patient care and experience, today announced a new collaborative patient engagement and facial recognition offering designed to evolve healthcare operations and administer impactful, elevated patient service at every checkpoint.

This integrated biometric platform will make its debut at the Becker’s HIT Conference on October 3-6 in Chicago and will be showcased at HLTH 2023 (October 8-11 in Las Vegas) and CHIME23 (November 9-12 in Phoenix, AZ).

WHAT:

HID combines its leading U.ARE.U™ Camera Identification System featuring highly accurate facial recognition capabilities with CERTIFY Care – a state-of-the-art patient engagement platform currently in use across major healthcare organizations. Key functionalities include patient onboarding, biometric authentication, patient communications, digital forms, appointment scheduling and management, and payment collection.

WHY:

Webcams are not enough when it comes to reliable patient verification in healthcare today. The risk of misidentification is high – leading to potentially fatal results for patients and crippling repercussions across companies. HID’s U.ARE.U Camera Identification System fuses AI with multispectral imaging (MSI) technology and modern machine learning algorithms to accurately identify and authenticate individuals. The CERTIFY Care platform integrates the U.ARE.U Camera technologies to deliver accurate patient authentication and identification while facilitating an excellent end-to-end patient experience from intake to claims payout. It’s all anchored by the precision of face biometrics.

HOW:

In addition to faster time to revenue, this technology pairing benefits healthcare practices by enabling:

• Positive patient identification: Authenticate and verify patient identity before treatments to improve patient care and safety.

• Accurate medical records management and deduplication: Drive efficiencies by tying one face to one record to consolidate multiple files in existence due to human error, changes in name/address/email, absence of record standardization, lack of information, etc.

• Medical fraud prevention and investigation: Deliver irrefutable proof of presence when it comes to patient identification and verified eligibility of care.

• Touchless, hygienic authentication: Propel patient safety with high-performing facial recognition that’s swift, seamless and straightforward for both patients and practitioners.

Additional points of excellence afforded by the HID U.ARE.U Camera Identification System include:

• Top NIST Ranking for Face Matching Performance & Accuracy

• Ethically Trained with AI to Eliminate Matching Bias

• Exceptional ‘In-the-Wild’ Recognition (precise capture and authentication regardless of variances in lighting, backgrounds, pose, expression, etc.)

• Extraordinary Presentation Attack Detection Against Spoofs (PAD detects spoof attempts using 3D masks, high-quality photos or digital images to trick the system)

• Stellar Security & Privacy with On-Device (Edge) Biometric Processing

• Flexible, Customizable and Cost-Efficient Patient Engagement Upgrade

WHEN:

This solution will be on display at Becker’s HIT Conference on October 3-6 in Chicago where CERTIFY Health is a sponsor.

Top 20 Banking Technology Solution Companies - 2017

Company
HID Global

Headquarters
Austin, TX

Management
Stefan Widing, President & CEO

Description
A robust portfolio of identity management solutions allowing rich as well as safe banking experience

Top 20 Banking Technology Solution Companies - 2017

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