New customers including UnionDigital, Vodafone Idea and AAA deployed BlockID platform to prevent identity impersonation, account takeover and fraud
East Brunswick, N.J., Feb. 1, 2023 – 1Kosmos, the only company that unifies identity proofing and passwordless authentication, today announced it continued to grow its lead in the passwordless market last year as concerns about account compromise and online fraud accelerated demand for its BlockID platform. The company reported increased customer acquisition in key verticals, including major deployments with UnionDigital, Vodafone Idea and AAA, among others.
“2022 was marked by a significant increase in demand and adoption of the 1Kosmos identity proofing and passwordless platform among medium and large enterprises in virtually all industries,” said Hemen Vimadalal, CEO of 1Kosmos. “Customers are recognizing the advanced security and usability benefits of passwordless, which resulted in customers making long-term investments in BlockID.”
2022 Business Highlights
1Kosmos was recognized as a technology and market leader by leading analyst firms in multiple reports:
- Gartner named 1Kosmos in the 2022 Gartner® Hype Cycle™ for Digital Identity, and 13 other reports, including the Gartner Emerging Tech Impact Radar for Blockchain and Web3, the Gartner Guidance for Decentralized Identity and Verifiable Claims, the Gartner Emerging Tech Impact Radar for Security, the Gartner Buyer’s Guide for Identity Proofing, and the Gartner Hype Cycle for Digital Government Services 2022
- KuppingerCole named 1Kosmos an Overall Leader for Passwordless Authentication, Overall Leader for Verified Identity, and an Overall Leader for Reusable Verified Identity, in addition to the Product and Technology Leader for Access Management, and an Innovation Leader in the Leadership Compass Report for Customer Identity and Access Management
- Forrester named 1Kosmos in the report Now Tech: Customer Identity and Access Management, Q1 2022, and the Forrester report Now Tech: Enterprise Multifactor Authentication Solutions, Q1 2022
- Omdia profiled 1Kosmos in “On the Radar: 1Kosmos leverages distributed identity for ID proofing and passwordless authentication”
1Kosmos and its BlockID platform were recognized for technology innovation by several industry award competitions:
- 1Kosmos was named a 2022 SINET16 Innovator for unifying identity proofing and passwordless authentication
- The Company was Named Best Consumer Digital Banking Solutions Provider for Unified Identity Proofing and Passwordless Authentication in the Fintech Futures 2022 Banking Tech Awards
- 1Kosmos Won Three Global InfoSec Awards at RSA Conference 2022, including Best Product ID Verification, Most Comprehensive Multi-Factor Authentication and Cutting Edge Passwordless Authentication
- Selected Finalist in the 2022 SC Awards for Best Emerging Technology
- Named Finalist in the 2022 US OSPAs Awards for Outstanding New Security Product
- Received Investment from Gula Tech Adventures
1Kosmos continued to expand its executive management team to accelerate and manage growth with several key hires including:
The company extended its position as the leading provider of standards-based identity verification and passwordless authentication with several new industry certifications and capabilities:
- Launched Credential Service Provider enhancement
- Received SOC 2 Type II certification for BlockID
- Integrated BlockID with AAMVA Driver’s License Verification for Digital Identity Proofing
- Received iBeta Certification for BlockID’s Live Biometrics
1Kosmos continued to expand its partnerships for product integration, implementation and go-to-market with:
- Ping Identity for technical integration of BlockID with DaVinci, which is now available in the Ping Identity Marketplace
- Simeio to deliver customized solutions that combine passwordless multi-factor authentication with verified identity
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1Kosmos enables passwordless access for workers, customers and citizens to securely transact with digital services. By unifying identity proofing and strong authentication, the BlockID platform creates a distributed digital identity that prevents identity impersonation, account takeover and fraud while delivering frictionless user experiences. BlockID is the only NIST, FIDO2, and iBeta biometrics certified platform that performs millions of authentications daily for some of the largest banks, telecommunications and healthcare organizations in the world. The company is funded by Forgepoint Capital and Gula Tech Adventures with headquarters in East Brunswick, New Jersey. For more information, visit www.1kosmos.com and follow us on Twitter and LinkedIn.
Press ContactMarc Gendron
Marc Gendron PR for 1Kosmos