Aware’s Award-Winning Fraud-Prevention Solution Knomi® to be On Hand at 2022 America Digital Conference
Aware, a global leader in biometric authentication, showcased its Knomi platform at the America Digital Congress in Santiago, Chile, on September 7-8, 2022. This innovative solution addresses the rising fraud in Latin America, where up to 20% of accounts are fraudulently opened. Currently protecting 55 million users, Knomi employs advanced facial and speaker recognition technologies. Aware's platform offers a user-friendly, passwordless experience, which aligns with consumer preferences for biometric authentication over traditional passwords.
- Knomi protects over 55 million users with passwordless authentication.
- Demonstrated at a key industry conference, enhancing visibility.
- Growing demand for biometric solutions in Latin America.
- Knomi addresses significant fraud issues in the financial sector.
- Potential risks if customers do not adopt the new product as expected.
- Concerns over performance issues due to errors or defects in the new product.
Leading global biometric authentication company to demonstrate highly scalable, user-friendly and fraud-resistant solution for banks and fintechs
BURLINGTON, Mass., Sept. 07, 2022 (GLOBE NEWSWIRE) -- Aware, Inc. (NASDAQ: AWRE), a leading authentication company applying proven and trusted adaptive authentication to solve everyday business challenges with biometrics, is bringing its award-winning mobile authentication platform, Knomi®, to the 7th America Digital Latin American Congress of Business and Technology conference, taking place from September 7-8 in Santiago, Chile.
In recent years, Latin America has been transforming their financial services sector faster than anywhere else across the globe, driving a sharp corresponding uptick in fraud attempts. It is estimated that up to
“It’s estimated that two-thirds of all consumers prefer biometric authentication in place of passwords for all of their accounts,” said Alessandro Chiarini, Aware’s senior vice president of enterprise authentication. “With Aware’s Knomi, banks and fintechs have a true alternative to the password; one that can provide highly secure, convenient and scalable biometric authentication already servicing tens of millions of residents across Latin America.”
The Knomi mobile biometric authentication platform uses mobile devices and browsers to provide a trusted registration process and authenticate financial customers safely, securely and conveniently. With industry-leading face and speaker recognition, passive liveness detection, and flexible device-, server-, and browser-based options, Knomi is a secure, convenient customer onboarding and authentication platform for virtually any use case.
Aware will be hosting live demonstrations of the Knomi platform in booth A11 at the Espacio Riesco Convention Center on September 7 and 8. Interested America Digital visitors to booth A11 will also have the opportunity for an exclusive sneak peek of Aware’s latest innovations coming to market soon.
To learn more about Knomi, visit Aware’s website or request a private demonstration.
About Aware
Aware is a global authentication company that validates and secures identities using proven and trusted adaptive biometrics. Aware’s software and software-as-a-service offerings address the growing challenges that government and commercial enterprises face in knowing, authenticating and securing individuals through frictionless and highly secure user experiences. Aware’s algorithms are based on the most diverse data sets in the world and can be tailored to the unique security and requirements of each customer. The company empowers users to have control over identities through clear, intuitive opt-in/opt-out features, helping them feel secure and improving their lives. Aware is a publicly held company (Nasdaq: AWRE) based in Burlington, Massachusetts. To learn more, visit https://www.aware.com or follow Aware on Twitter @AwareBiometrics.
Safe Harbor Warning
Portions of this release contain forward-looking statements regarding future events and are subject to risks and uncertainties, such as our expectations regarding our new product. Aware wishes to caution you that there are factors that could cause actual results to differ materially from the results indicated by such statements, including the risks that (i) current and prospective customers do not purchase our new product in the quantities that we expect and (ii) our new product does not perform as well as we expect because of errors, defects or bugs. We refer you to the documents Aware files from time to time with the Securities and Exchange Commission, specifically the section titled Risk Factors in our annual report on Form 10-K for the fiscal year ended December 31, 2021 and other reports and filings made with the Securities and Exchange Commission.
Aware is a registered trademark of Aware, Inc.
CONTACT
Company Contact
Gina Rodrigues
Aware, Inc.
781-276-4000
grodrigues@aware.com
FAQ
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