Passwordless Authentication And MFA For Financial Institutions

Secure IT infrastructure with the power of secure passwordless solutions. Let onsite and remote employees access their accounts and workstations in seconds, without phishing threats or data breaches.

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79%

Data breaches in the domain linked to stolen credentials

105 sec.

Average time employees spend on login

42%

Workstations lacking secure authentication

$7.13 Million

Average cost of a data breach

What is Passwordless Authentication?

Passwordless technology is based on FIDO2 and U2F authentication standards, which enable users to securely access their online services without the need for traditional passwords. By using a variety of authentication methods, such as hardware security keys, mobile apps, passkeys (Touch ID, Face ID, Windows Hello), passwordless single sign-on offers a higher level of security while improving the user experience. This approach has become increasingly popular in recent years as more and more financial institutions seek to protect their data from cyberattacks with the help of FIDO Authentication.

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How Can Passwordless IAM Solutions Enhance the Security of Your Financial Organization?

Improved Security: Passwords can be stolen or cracked, leaving enterprise networks vulnerable to attacks. Replace traditional passwords with stronger, more secure sign-in methods, such as biometrics or security keys.
Reduced IT Burden: Managing passwords is time-consuming and expensive for IT departments. Passwordless solutions eliminate the need to manage and reset passwords, freeing up IT resources for other tasks.

Enhanced User Experience: Passwordless login streamlines the authentication process, making it more user-friendly. This, in turn, can improve employee productivity and satisfaction.
Compliance: Passwordless auth provides stronger authentication measures, enabling organizations to comply with various regulatory requirements, such as GDPR, HIPAA, PCI DSS, and more.

How Does Hideez Workforce Identity System Work?

Our triple-layered authentication system provides a secure solution for banking and finance, ensuring maximum security and a seamless user experience:

Admin Console for Managing Users and Access Rights

Our user access management tools allow you to manage authentication methods and access rights of all employees, with the ability to revoke or delete users from a central admin console. With customizable solutions, easy deployment, and support, you can manage user access with ease!

Say Goodbye to Passwords: Experience True Passwordless SSO

Regardless of how many Identity Providers you have, Hideez can assist you in getting rid of passwords. By expanding your investment in SSO and making it passwordless, you can attain the highest level of assurance for all of your applications. With Hideez, the possibilities for authentication are endless!

Proximity-based PC Login and Unattended Logout

Our hardware security vaults store up to 2,000 passwords per device. With automatic proximity lock/unlock for PCs, you can ensure that access to your desktop computers is always secure. Our solution also provides the ability for remote user logout, allowing you to end user sessions remotely.

Seamless Integration with Cloud Based and On-Prem Services

Our access and identity management tools integrate seamlessly with Active Directory and Azure AD, providing centralized authentication with SAML SSO. Our user authentication solution supports both modern and legacy applications.

Streamline Your Workflow with Remote Login Solutions

With Hideez, you can equip your team with speedy and straightforward passwordless security that works on all their devices, applications, networks, and more. By using Hideez, you can streamline and consolidate logins for desktops, RDP and VDI, which can boost your team's efficiency no matter where they are working from.

Internet Connection Is Not Required for End Users

Stay connected to your corporate resources even without an internet connection. Our passwordless authentication solution allows employees to access apps and log in to workstations offline. With our mobile app, employees can use one-time access codes, while Hideez Keys offer one-touch login with a PIN code.

FIDO U2F (Level 1) Certified

FIDO2 (Level 1) Certified

Citrix-Ready Solution

Microsoft-approved
FIDO2 Security Key Vendor

Meets NIST
Password Guidelines

AWS Marketplace Product

FREE Basic Identity Cloud

Perfect for small and mid-sized organizations with limited IT resources and budget constraints.

Multi-tenant IDaaS platform
Passwordless SSO & MFA using passkeys or FIDO tokens
Admin dashboard for identity management
Custom Branding & Reporting
Easy deployment in less than 1 hour
Integration with Azure AD and hundreds of popular web services (SAML,OIDC)

Pricing: Free for up to 50 users;

$2 per user/month for 50+ users.

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Enterprise Identity Service

Designed for complex environments, our enterprise IdM system prioritizes the highest security controls and endpoint protection.

Dedicated tenant cloud service
All features of Identity Cloud package
Proximity-based Windows login and logout
Password-based authentication and TOTP
Remote access to servers and desktops
Integration: On-premises Active Directory, Azure AD, API, MS SQL, My SQL, SIEM