Solutions Passkey-Based MFA for Financial Services

HYPR Passkey-Based MFA and Comprehensive Identity Assurance for Financial Services

Protect Access While Removing Friction

Satisfy regulations while improving user experience with secure, frictionless authentication for employees and customers built on FIDO Certified passkeys.

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Solve Your MFA Security Gaps

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Fast, Simple User Experience

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Meet Compliance Requirements

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Reduce Costs and Increase Revenue

Financial Services IAM Challenges

The financial services sector faces multiple security, compliance and operational challenges that sometimes conflict with one another, for example:

  • Escalating losses from cyberattacks and fraud that bypass traditional authentication controls
  • The charge to add more digital services, which can open up additional avenues of attack
  • Pressure to ease access and remove friction from the user experience
  • Compliance with various regulations and security frameworks that require strict security controls, which risks introducing friction
  • The need to streamline back-office operations, simplify technology stacks, and move towards a more agile, cloud-based infrastructure

Get Fast, Secure Access to Accelerate Your Business

HYPR takes authentication-based risk and fraud out of the system so that you can focus on objectives that drive the bottomline.

Strengthen Authentication Security

  • Replace passwords and shared secrets with a secure passkeys ecosystem
  • Secure your staff, whether in-office or remote, from the desktop to the cloud
  • Protect logins on shared workstations and consoles
  • Stop credential phishing, ATO, MitM, MFA bombing and other credential attacks and breaches
  • Proactively enforce step-up authentication and block fraudulent logins based on comprehensive, real-time risk intelligence. 
  • Choose from hardware and software options with the same strong levels of authentication security
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Authentication People Want to Use

  • Enable login that’s 3x faster and far more secure than legacy methods
  • Make authentication easy for your employees and customers
  • Unify the login process across computers and downstream apps
  • Reduce account lockout and cut password reset tickets by 95%
  • Build customer trust with secure cutting-edge authentication

Built-In Compliance

  • Strengthen protection of sensitive data and PII to comply with data privacy regulations
  • Adhere to regional, national and global security requirements including PCI DSS, PSD2, NYDFS, FFIEC, NIST AAL3 and others
  • Meet Zero Trust authentication standards
    Deploy passkey-based MFA that is FIDO Certified from end-to-end
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Integrate and Deploy Passkeys Quickly

  • Accelerate development with an easy to use SDK
  • Rapidly build passkey support into apps with HYPR FIDO2 API and servers
  • Integrate with your current systems, IdPs, SSOs and applications to unify authentication across the business
  • Rely on the experts in passkey deployments — trusted by dozens of financial services companies, including 2 of the 4 largest US banks

Drive Growth and Cost Savings

  • Realize 324% verified ROI
  • Unify siloed identity systems and eliminate authentication sprawl
  • Improve productivity with streamlined login that combines multiple authenticators into a single user action
  • Gain critical threat insight that enhances your existing security ecosystem 
  • Drive digital adoption with agile, cloud-based authentication that provides a simple, unified experience across devices and channels
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Report

When Trust is Hacked: Customer Identity Security in Finance

This new research draws a direct correlation between escalating identity-related threats and how security concerns affect behavior among today's banking customers. Among the findings — 80% of of respondents would likely abandon their financial institution following a data breach. 

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Battle-Proven in Banking and Financial Institutions Globally

    Dawn Watters​
    HYPR passwordless MFA significantly reduces our exposure to phishing attacks and improves our overall enterprise security while using the latest FIDO standards.
    Dawn Watters​
    SVP of Identity & Data Protection, Fiserv
    HYPR's technology is a smart way to keep critical data where it belongs - close to the customer.
    Executive Vice President, Mastercard
    Read the Case Study
    Users report that HYPR is a ‘gem of a product.’ Everyone is ecstatic that they no longer have to enter a 16-character password on their mobile devices.
    Security Leader Top Five U.S. Financial Institution
    Read the Case Study
    Yash Sachar
    Passwordless cost savings do not just apply to password reset costs. There's cost savings from cyber programs, outdated technology, and deploying a single solution.
    Yash Sachar
    Manager of IAM/PAM, Toronto Stock Exchange
    Tim Coates
    With HYPR passwordless MFA, we are modernising banking, without compromising security.
    Tim Coates
    Chief Customer & Regulatory Officer, Oxbury Bank
    Read the Case Study

Related Resources

Solution Brief
Financial Services Solution Brief

Financial Services Solution Brief

HYPR's passwordless MFA solution for financial organizations,

On-Demand Webinar
Authentication Advances In Banking

Authentication Advances In Banking

How passwordless MFA can counter emerging cyberthreats in the finance industry.

Solution Brief
Meet PCI DSS Standards With HYPR

Meet PCI DSS Standards With HYPR

How to ensure compliance with multiple new requirements under PCI DSS 4.0 

Industry Guide
Passwordless Security Evaluation Guide

Passwordless Security Evaluation Guide

12 key considerations when choosing passwordless authentication.

Certified to the Highest Assurance Levels

AICPA SOC2
FIDO Certified
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Request a Demo

Experience passwordless MFA that secures and empowers your business. See what identity verification built for the workforce looks like. Learn how comprehensive Identity Assurance protects the entire identity lifecycle.

Fill out the form to get a demo from an identity security expert, customized around your organization’s environment and needs.