The Business Challenge
Financial services firms occupy a challenging place between regulators and consumers. Not to diminish competitive pressure to innovate banking services and to fend off sustained cyber attacks, retail banks, brokerage, wealth management, and insurance companies alike need to attract and retain customers and make a profit doing it in a scalable and efficient way.
But customers are increasingly demanding online services. They want instant access and don’t like being treated like cybercriminals. The global pandemic has accelerated these forces, requiring digital transformation of core processes including remote identity proofing and user authentication that are accurate and fast but most importantly convenient.
1Kosmos distributed digital identity solutions support these needs for both customers and workers via a single FIDO2 and NIST certified platform that provides modern convenience and security while placing users in control of their own data to improve privacy controls. In doing so we eliminate passwords and identify with confidence the identity of users logging in to minimize the threats from a data breach, ransomware, phishing, and fraud.
The 1Kosmos Advantage
Security starts with strong verified identities.
1Kosmos BlockID digitally transforms identity enrolment for workforce and customers so financial organizations gain the security advantage they need to defend against phishing, ransomware, and data breaches.
With 1Kosmos BlockID Verify, users will self-enroll their identity using a combination of government IDs, telco, and banking credentials. The advantage of 1Kosmos BlockID is the flexibility of identity assurance levels it can support. Organizations can choose the identity assurance their workforce and customers right up to and including NIST 800 63-3 standards for Identity Assurance Level 2 (IAL2), and Authentication Assurance Level 2 (AAL2).
Verifying identity against credentials (e.g., Drivers License) is easy. For example, through the 1Kosmos BlockID App, users will scan the front of their driver’s license and the “PDF417” barcode on the back, performing real-time ID card detection and classification. Users will also, through the 1Kosmos App, read the “MRZ” data for passports, perform UV, white light, and ink-depth checks, and scan the embedded RFID chip. The result is a verified identity credential and the information they contain to W3C VC standards using artificial intelligence (AI) and, if necessary, with leading third-party verification services. The captured PII data is stored safely to W3C DID standards, accessible only by the user, sharable only with their permission, meeting GDPR privacy requirements.
In less than 30 minutes, integrate your workstations, network, cloud apps, remote access solutions, or identity platforms.
Quickly integrate your workstations, network, cloud apps, remote access solutions, or identity platforms.
1Kosmos BlockID provides out-of-the-box integrations not only for Windows but also for Unix, web applications, Mac OS, and other custom logins to help ensure a consistent login experience across the diversity of systems you’ll find today. In addition, 1Kosmos BlockID easily connects to any SAML-based application or service. We currently offer out-of-the-box integration into 50 target systems and one-click connections to G-Suite, O365, Okta, Auth0, and Salesforce.
1Kosmos BlockID also comes with a developer-friendly SDK and APIs that comply with the strictest GDPR, and SOC2 certification standards for handling and retaining sensitive data, so you can connect to almost anything you need. In addition, 1Kosmos can also integrate into commercial, corporate, or government systems via industry authentication standards such as OAuth, OIDC, SAML, and FIDO and offers legacy support via RADIUS.
The 1Kosmos Block experience capabilities are lightweight and easy to deploy. Administrators have access to a centralized hub that allows for easy integration, management of users, and day-to-day administration.
The 1Kosmos BlockID platform changes the way users fundamentally authenticate.
The 1Kosmos BlockID platform fundamentally changes the way users authenticate.
Our approach binds workers and customers to their proofed and validated identity through the identity enrolment process. In doing so, 1Kosmos BlockID creates an identity-based biometric authentication and a passwordless experience. Users will utilize their trusted mobile device for daily authentication and step-up authentication for physical, logical, or offline access. As a result, each access event is associated with a real, verified identity.
Biometric MFA delivers a more convenient, touchless user experience and provides fast and highly secure access without passwords. And, with a passwordless approach, eliminates phishing attacks, account compromise, and fraudulent activities.
Our solutions offer a high degree of interoperability via API / SDK and are easily integrated with operating systems, SSO gateway, custom applications, or web-enabled systems, enabling organizations to go passwordless with flexible levels of identity assurance on any target system, eliminating the need for 3rd party 2FA, one-time codes, and other external authentication devices.
1Kosmos BlockID complies with leading industry-standard identity certifications.
The digital identity created during user onboarding is certified to perform FIDO2 passwordless authentication. the 1Kosmos platform is also certified to the NIST 800-63-3 guideline to identity assurance level 2 (IAL2) and authentication assurance level 2 (AAL2). 1Kosmos BlockID is the only authentication platform certified to both standards.
1Kosmos is certified to the ISO/IEC 27001 standard to manage the security of assets such as financial information, intellectual property, employee details, and information entrusted by third parties. This signifies that 1Kosmos has the people, processes, and technical controls in place to protect the confidentiality, integrity, and availability of our data assets.