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Vonage, an Ericsson company, announced that Lydia Solutions has implemented Vonage's Verify API and Silent Authentication technology to enhance security and user experience. The solution automatically verifies users through mobile network operators, eliminating the need for traditional One-Time Passwords (OTPs).
Since implementing Vonage Verify in October 2024, Lydia Solutions has achieved:
- Up to 50% reduction in latency compared to previous authentication services
- Increased conversion rates
- Enhanced security against social engineering attacks
- Improved total cost of ownership
Lydia Solutions, aiming to become Europe's leading digital bank by 2030, plans to expand its customer base in France to 5 million active users by 2027, focusing on young adults aged 18-34. The company recently launched its mobile banking app, Sumeria.
Vonage, un'azienda di Ericsson, ha annunciato che Lydia Solutions ha implementato l'API di verifica di Vonage e la tecnologia di autenticazione silenziosa per migliorare la sicurezza e l'esperienza utente. La soluzione verifica automaticamente gli utenti attraverso gli operatori di rete mobile, eliminando la necessità di password usa e getta tradizionali (OTP).
Dall'implementazione di Vonage Verify nell'ottobre 2024, Lydia Solutions ha raggiunto:
- Fino al 50% di riduzione della latenza rispetto ai precedenti servizi di autenticazione
- Aumento dei tassi di conversione
- Miglioramento della sicurezza contro gli attacchi di ingegneria sociale
- Ottimizzazione del costo totale di possesso
Lydia Solutions, con l'obiettivo di diventare la principale banca digitale in Europa entro il 2030, prevede di espandere la sua base clienti in Francia a 5 milioni di utenti attivi entro il 2027, concentrandosi sui giovani adulti di età compresa tra 18 e 34 anni. L'azienda ha recentemente lanciato la sua app di mobile banking, Sumeria.
Vonage, una empresa de Ericsson, anunció que Lydia Solutions ha implementado la API de Verificación de Vonage y la tecnología de Autenticación Silenciosa para mejorar la seguridad y la experiencia del usuario. La solución verifica automáticamente a los usuarios a través de los operadores de red móvil, eliminando la necesidad de contraseñas de un solo uso (OTP) tradicionales.
Desde la implementación de Vonage Verify en octubre de 2024, Lydia Solutions ha logrado:
- Reducción de hasta el 50% en la latencia en comparación con los servicios de autenticación anteriores
- Aumento de las tasas de conversión
- Mejora de la seguridad contra ataques de ingeniería social
- Mejora del costo total de propiedad
Lydia Solutions, con el objetivo de convertirse en el principal banco digital de Europa para 2030, planea expandir su base de clientes en Francia a 5 millones de usuarios activos para 2027, enfocándose en jóvenes adultos de 18 a 34 años. La empresa lanzó recientemente su aplicación de banca móvil, Sumeria.
Vonage, 에릭슨의 회사, 는 Lydia Solutions가 보안 및 사용자 경험을 향상시키기 위해 Vonage의 Verify API와 Silent Authentication 기술을 구현했다고 발표했습니다. 이 솔루션은 모바일 네트워크 운영자를 통해 사용자를 자동으로 확인하여 전통적인 일회용 비밀번호(OTP)의 필요성을 없앱니다.
2024년 10월 Vonage Verify를 구현한 이후, Lydia Solutions는 다음과 같은 성과를 달성했습니다:
- 이전 인증 서비스에 비해 최대 50%의 지연 시간 감소
- 전환율 증가
- 사회 공학 공격에 대한 보안 강화
- 총 소유 비용 개선
Lydia Solutions는 2030년까지 유럽의 주요 디지털 은행이 되는 것을 목표로 하여 2027년까지 프랑스에서 500만 명의 활성 사용자를 확보할 계획이며, 18세에서 34세 사이의 젊은 성인에 집중하고 있습니다. 이 회사는 최근 모바일 뱅킹 앱인 Sumeria를 출시했습니다.
Vonage, une entreprise d'Ericsson, a annoncé que Lydia Solutions a mis en œuvre l'API de vérification de Vonage et la technologie d'authentification silencieuse pour améliorer la sécurité et l'expérience utilisateur. La solution vérifie automatiquement les utilisateurs via les opérateurs de réseau mobile, éliminant ainsi le besoin de mots de passe à usage unique traditionnels (OTP).
Depuis la mise en œuvre de Vonage Verify en octobre 2024, Lydia Solutions a atteint :
- Une réduction de la latence allant jusqu'à 50 % par rapport aux services d'authentification précédents
- Une augmentation des taux de conversion
- Une sécurité renforcée contre les attaques d'ingénierie sociale
- Une amélioration du coût total de possession
Lydia Solutions, visant à devenir la principale banque numérique d'Europe d'ici 2030, prévoit d'élargir sa base de clients en France à 5 millions d'utilisateurs actifs d'ici 2027, en se concentrant sur les jeunes adultes âgés de 18 à 34 ans. L'entreprise a récemment lancé son application de banque mobile, Sumeria.
Vonage, ein Unternehmen von Ericsson, gab bekannt, dass Lydia Solutions die Verify-API und die Silent Authentication-Technologie von Vonage implementiert hat, um die Sicherheit und Benutzererfahrung zu verbessern. Die Lösung überprüft Benutzer automatisch über Mobilfunkanbieter und beseitigt die Notwendigkeit traditioneller Einmalpasswörter (OTPs).
Seit der Implementierung von Vonage Verify im Oktober 2024 hat Lydia Solutions Folgendes erreicht:
- Bis zu 50% Reduzierung der Latenz im Vergleich zu früheren Authentifizierungsdiensten
- Erhöhte Konversionsraten
- Verbesserte Sicherheit gegen Social Engineering-Angriffe
- Verbesserte Gesamtkosten
Lydia Solutions, das bis 2030 die führende digitale Bank in Europa werden möchte, plant, seine Kundenbasis in Frankreich bis 2027 auf 5 Millionen aktive Nutzer zu erweitern, wobei der Fokus auf jungen Erwachsenen im Alter von 18 bis 34 Jahren liegt. Das Unternehmen hat kürzlich seine mobile Banking-App Sumeria auf den Markt gebracht.
- 50% reduction in authentication latency
- Increased conversion rates for user authentication
- Improved security against social engineering attacks
- Reduced total cost of ownership for authentication services
- Clear expansion strategy with 5 million user target by 2027
- Heavy reliance on mobile network operators for authentication
- geographical focus primarily on French market
Insights
Vonage's partnership with Lydia Solutions marks a significant security advancement in Europe's fintech sector. The implementation of Silent Authentication technology represents a step-change in digital banking security by eliminating traditional One-Time Passwords and authenticating users through their mobile network connection automatically.
The results since implementation in October 2024 demonstrate measurable improvements: increased conversion rates,
From a competitive standpoint, this gives Lydia Solutions a differentiating security advantage as it executes its ambitious growth strategy to reach 5 million active users in France by 2027, primarily targeting the 18-34 demographic. The partnership enhances Lydia's position in Europe's competitive digital banking landscape while showcasing Vonage's capabilities in delivering enterprise-grade authentication solutions.
For Ericsson, Vonage's parent company, this implementation serves as a valuable reference case demonstrating commercial traction for its authentication technology in the high-growth fintech vertical. While a single client implementation won't materially impact Ericsson's overall financial performance, it validates Vonage's technology in a security-sensitive sector where authentication failure can have significant reputational and financial consequences.
Enables seamless and efficient authentication using mobile network data
Elevating Security with Silent Authentication
As a channel within Vonage Verify, Silent Authentication removes the need for traditional One-Time Passwords (OTPs). By automatically verifying users through their mobile network operators using data from their smartphones' data connection, authentication becomes seamless and efficient.
Using Silent Authentication as a primary verification channel eliminates vulnerabilities to social engineering attacks, enabling Lydia Solutions users to safely authenticate with just their phone number, ensuring peace of mind for customers while improving customer experience with frictionless authentication.
"Vonage Verify with Silent Authentication has been a real innovation for us," said William Brulin, senior VP at Lydia Solutions. "The solution has elevated our ability to deliver a simpler, seamless and more secure user experience while protecting against increasingly sophisticated threats and fraud patterns. With Vonage, we're safeguarding tens of thousands of users every day while improving conversions and reducing costs—a true win for both our customers and our business."
Transforming the User Experience
By adopting Vonage Verify, Lydia Solutions has significantly improved the user experience for its customers. The API removes the need for manual OTP entries which are often prone to frustrating mistakes, and guarantees seamless authentication via Silent Authentication. If need be, it can failover to other secure methods like SMS, voice, or WhatsApp, minimizing disruptions and maintaining convenience for end-users.
Key results since Lydia Solutions went live with Vonage Verify in October 2024, include:
- Enhanced user experience: Increased conversion rates.
- Significant time savings: Up to
50% reduction in latency when compared to Lydia Solutions's previous authentication services. - Improved security: Social engineering attacks based on OTP sharing are virtually eliminated thanks to Silent Authentication.
- Improved total cost of ownership (TCO): Controlled authentication-related costs help maximize efficiency.
"At Vonage, we're passionate about helping forward-thinking companies like Lydia Solutions create secure, user-friendly experiences," said Seckin Arikan, Head of Business Unit API at Vonage. "With Vonage Verify and Silent Authentication, we're thrilled to support Lydia Solutions's vision of delivering frictionless, reliable authentication that scales with its rapidly growing user base. By opening up the network's capabilities to build applications with advanced security features, we enable enterprises like Lydia Solutions to not only enhance their internal operations but also deliver enhanced value and trust to their end customers."
Driving Growth as a Digital Banking Pioneer
This collaboration comes at a pivotal time as Lydia Solutions continues to expand its footprint, aiming to become
By combining Lydia Solutions's innovative services with Vonage's advanced authentication solutions, the partnership paves the way for a secure, user-first approach to digital banking—positioning Lydia Solutions as a leader in
For more details about Vonage Verify, visit www.vonage.com.
About Vonage
Vonage, a global cloud communications leader, helps businesses accelerate their digital transformation, providing a comprehensive set of engagement solutions to deliver richer, more personal and meaningful communications across the entire customer and employee experience.
Vonage's Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) solutions enable companies to transform how they communicate and operate from the office or anywhere. Vonage's Communications Platform as a Service (CPaaS) offering is fully programmable and allows developers to embed video, voice, chat, messaging, AI and verification into existing products, workflows and systems using communications APIs. Leveraging the power of the network, Vonage's CPaaS is expanding to incorporate new network capabilities exposed as APIs to help developers worldwide pioneer new, advanced applications that help enterprises reimagine their business, improve customer experiences, and create more effective engagements.
Vonage is a wholly-owned subsidiary of Ericsson (NASDAQ: ERIC), and a business area within the Ericsson Group called Business Area Global Communications Platform. To follow Vonage on LinkedIn, visit linkedin.com/company/Vonage/. To become a fan on Facebook, go to facebook.com/vonage. To subscribe on YouTube, visit youtube.com/vonage.
About Lydia Solutions
Lydia Solutions, the company behind the Lydia and Sumeria applications, is powered by 250 employees based in
The company is a major player in the French financial technology landscape: it is listed in the FT120 programme and is backed by international investors such as Accel, Tencent, XAnge, New Alpha, Groupe Duval, and Founders Future, from whom it has raised
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SOURCE Vonage
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