10/2/2023 0 Comments Transmit security ceo![]() By decoupling authentication and anti-fraud from the application, we’ve built a platform that allows any form of identity verification, as well as anti-fraud measures, to be instantly delivered on any web, mobile, branch, call center, or other application. Once deployed, an enterprise can make changes to all their authentication methods and identity risk flows without any code changes to their applications.īoodaei said, "After working with more than 400 of the world’s largest financial institutions, we identified authentication as the next major hurdle they, and other industries, face from a security, fraud prevention, regulatory and customer experience perspective. The Transmit Security Platform (SP) uses mobile devices as the primary delivery mechanism to add any form of primary or secondary identity verification (facial/selfie, eye, touch ID and fingerprint, voice biometrics, SMS, etc.) to any application (web, mobile, call center, point of sale, ATMs, etc.). The company’s research and development team is made up of former members of Unit 8200, the elite Israeli Intelligence Corps. Boodaei also cofounded Imperva, a billion dollar provider of cyber and data security products. ![]() ![]() Loonkar, who previously created online banking security pioneer Trusteer, which was acquired by IBM in 2013. Every CISO and fraud prevention executive should seek to give product teams these important capabilities.The company is being financed by its founders, CEO Mickey Boodaei and president Rakesh K. This combination gives product teams a very powerful arsenal to tackle fraud while giving their customers a seamless experience. Jim Routh, former Fortune 500 CISO said, “Transmit Security is doing something no one else has: they’re providing best-in-class passwordless authentication, fraud detection, identity verification and orchestration in a cohesive developer-friendly platform. Our experience in securing and supporting mission-critical, customer-facing services for many of the most demanding enterprises guided us to delivering the next generation of CIAM software.” Rakesh Loonkar, co-founder and President of Transmit Security said, “Since we launched the industry’s first omnichannel identity orchestration product in 2016, we have consistently enhanced our capabilities and grown our customer base to support more than $2 trillion in annual commerce. Passwordless and Multifactor Authentication, Authorization and User Management, Digital Identity Fraud Protection, and Embedded Orchestration. The platform offers modular services, which are provided as user-friendly APIs for developers. To make it simpler for businesses to get the identity services they require for the best balancing of security and customer experience, the company renamed and repackaged its integrated platform products - BindID, RiskID, FlexID, VerifyID, and UserID - as the Transmit Security CIAM Platform. We’re proud to introduce those expanded capabilities as core parts of our cloud CIAM platform.” We understand that account security, threat intelligence, and identity verification - seamlessly integrated as an end-to-end solution - are essential to protecting customer accounts while delivering an excellent user experience. Mickey Boodaei, co-founder and CEO of Transmit Security said, “From our founding, we have delivered identity orchestration, multifactor and passwordless authentication, and other capabilities for the most risk-aware companies. Additionally, the business changed the names of its identity products to reflect the move to a developer-friendly strategy for providing secure identification services via APIs. Transmit Security introduced significant updates to its customer identification and access management (CIAM) platform as well as significant milestones, record client and revenue growth for the first half of 2022, and other noteworthy information.
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