Aware, a global biometrics software developer, has acquired digital ID verification and biometric authentication platform Fortress Identity.
The size of the deal was not revealed.
Through the deal, Aware can expand its offerings around identity proofing—enhancing its onboarding, verification and authentication to directly address financial compliance requirements and enable organisations to mitigate risk and curtail increasing fraud.
Fortress Identity’s FortressID leverages biometric multi-factor authentication to combine onboarding validation and due diligence for compliance and risk management. Thanks to this, clients benefit from secure and seamless user experience that removes the need for passwords. It also ensures strong verification of identification documents; and directly performs risk and due diligence checks.
Aware CEO Bob Eckel said, “The cloud-native FortressID platform is highly complementary to Aware’s current offerings. Its existing customer base will help accelerate our penetration into the most attractive markets in North America and other geographies—furthering our transformation to a SaaS business model and our ability to provide customers with biometrics on demand.
“Furthermore, the acquisition strengthens our position in our core markets in Latin America and Europe and expands our suite of offerings to include each link in the identity value chain.”
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