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Keyless and Synpulse partner to bring anti-phishing MFA to the UK

By Gloria Methri

May 19, 2023

  • bank frauds
  • Biometric Authentication
  • Data Protection

Synpulse, Keyless, Biometric Authentication, UK, Fraud, Phishing, Multi-Factor Authentication, RiskTech, Keyless Technologies, the specialist in privacy-enhancing biometric authentication has announced a new partnership with Synpulse, a technology-focused consulting firm to accelerate the adoption of multi-factor authentication solutions in the United Kingdom.

According to research commissioned by Aberdeen Group, in the first half of 2022, more than £609.8 million was stolen through bank fraud and scams in the UK while 84% of financial services firms experienced an account takeover attack in 2021.

The partnership between Keyless and Synpulse aims to combat the rising instances of account takeover fraud in the financial services industry.

“There’s been a sharp rise in account takeover attacks over the past two years, which is why transitioning to passwordless solutions is paramount to enabling safe and secure online experiences,” said Fabian Eberle, co-founder, and chief operating officer at Keyless. “This partnership with Synpulse will help us accelerate the adoption of our phishing-resistant passwordless MFA solutions in the financial services industry, which is increasingly susceptible to online fraud.”

Keyless is a passwordless solution that combines proprietary privacy-enhancing facial recognition with device verification software, to enable a phishing-resistant multi-factor authentication with a simple look into the camera.

With biometric data never being stored on the user’s device or on servers, Keyless also offers strong adherence to the requirements set out under international data protection and privacy regulations, such as Europe’s General Data Protection Regulation (GDPR).

“We are pleased to announce our recent partnership with Keyless, a leading provider of cutting-edge biometric authentication solutions. Our collaboration with Keyless enables us to enhance our clients’ security while also improving the user experience,” said Marouane Bakhtar, Managing Director at Synpulse. “The innovative biometric technology of Keyless aligns with our commitment to delivering digitalization solutions that transform financial services. We are excited about the opportunities this partnership will bring,” he continued.

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