Myriad Connect’s out of band, two factor authentication (2FA) service provides industry-leading secure access, authorisation and authentication for financial services transactions and authorised access to any digital service or system, including SIM Swap detection, providing a more secure, efficient and user friendly out of band, two factor authentication service.
Myriad Connect’s market-leading authentication service delivers an isolated, third party authentication channel on any mobile device, using Unstructured Supplementary Service Data (USSD). Myriad Connect’s service delivers a real-time check to verify the identity of the customer.
Using USSD for two factor authentication (2FA), no persistent data is held with any third party, providing a more secure service than current two factor authentication services. A clear audit trail is also established, where the user’s identity is verified by a party external to the transaction.
This results in a technology that will greatly enhance the security of transactions vulnerable to fraud.
