SecureKey's system reaches 800 authentication transactions per second

Monday 1 June 2020 10:11 CET | News

SecureKey’s authentication function, dubbed the SecureKey Concierge Service, has experienced a rise from 100 to 800 transactions per second as demand for remote authentication spikes.

The goal of the program is to secure consumer access to online services. This is achieved by using a blockchain to share a consumer’s info with Verified.Me identity providers and relying parties. Initial services focused on banking and government, but expansion is occurring in insurance, legal, and healthcare services as well.

The SecureKey Verified.Me digital identity service began in 2019 via a partnership with Canadian banks. The pandemic and the stay-at-home orders have led to a rise in the need to remotely identify and authenticate users. This has resulted in the rapid increase in use of the Concierge Service.

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Keywords: SecureKey, Verified.Me, authentication, transactions , pandemic, COVID-19, coronavirus, security, banking, government, insurance, legal sector, identity, blockchain
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime