For apps on smartphones and tablets biometricprocedures such as Touch ID and Face ID have been established since long. Inbrowsers, on websites, software as a service tools and online shops such aneasy and secure way of authentication was technically not possible so far. Butthis is about to change.
“Hanko offers a technology which makesbiometrics usable on websites. Our vision is to enable every online service tomake the security of user accounts no longer dependent on passwords orelaborate 2-factor procedures. At the same time the user experience will besignificantly improved.”, says Hanko founder Felix Magedanz.
Therefore, Hanko works with the open FIDO webstandards developed by Apple, Microsoft, Google and Mozilla, among others. FIDOis an integral part of Android, iOS, Windows and macOS as well as of all webbrowsers and can already be used on about 80% of all end devices.
Hanko is the first provider in Europe who hasdeveloped a certified FIDO server. Thus the startup provides the necessaryinfrastructure for website operators to offer users secure and easyauthentication with Touch ID & co. Hanko puts the certified server atdisposal via a developer API in the cloud or on premise. Due to the high levelof security, Hanko can even be used in the regulated banking environment andoffers an unprecedented user experience there as well.
Both investors want to accelerate thedevelopment of Hanko with their participation and strong networks and arecommitted to ensuring that the startup grows into a central player in theidentity and authentication market.
Axel Nitsch, principal at HTGF, on thebackground of the investment: ”Secure login and payment via Touch ID or Face IDshould be the standard in any web browser - instead of insecure andhard-to-remember passwords. In our view a necessary and overdue development.Since Hanko can be used everywhere and is based on open industry standards, thecompany is ideally placed to be one of the main drivers of this technologychange.”
PAYONE founder and Business Angel CarlFrederic Zitscher adds: “Security and convenience are the major factors in thefield of digital authentication. Leading to new standards and procedures forhow users authenticate themselves digitally, which is passwordless on the basisof biometric features. For service providers, however, the complexity of therequired implementation and security know-how increases rapidly. We see greatmarket potential for the Hanko.io solution and are pleased to actively supportthe team as investors.”