TypingDNA is taking a look back at 2019 to give customers a better sense of what they can expect in 2020. In that regard, the company highlighted some of its key accomplishments from the past year, and explained how it will be able to build on that momentum moving forward.
To that end, TypingDNA is particularly keen on the mobile industry. The company recently introduced typing biometric technology that can be deployed on mobile devices, dramatically increasing its potential install base and making TypingDNA a security option for hundreds of millions of people who access the internet primarily through their mobile devices.
TypingDNA notes that keyboards are nearly universal, especially when compared to standalone biometric sensors that often need to be purchased separately. That makes typing biometrics a more convenient authentication option for many consumers, since it takes advantage of their existing hardware.
TypingDNA went on to argue that it is well-positioned to meet the demand for Strong Customer Authentication (SCA) solutions, particularly in the financial sector. In 2019, the European Banking Authority approved the use of keystroke dynamics as an inherent authentication element. That means that a solution like TypingDNA – which identifies users based on their typing patterns – will allow financial institutions to meet PSD2’s SCA regulations.
Taken together, those developments will provide TypingDNA with a stable foundation that will allow the company to focus on sales and technology. TypingDNA is planning to make its solution easier to implement in many different settings, which in turn will help the company boost adoption rates and expand its current clientele.
TypingDNA will be starting that process with $7 million in Series A funding. The company has already integrated its technology into the XTN Cognitive Security Platform, and unveiled a Tynping DNA MFA multi-factor authentication solution that blends keystroke dynamics with One-Time Password functionality.
February 21, 2020 – by Eric Weiss