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Home DeFi

Ping Identity Acquires Best of Show Winner Keyless – Finovate

04/11/2025
in DeFi
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Digital id firm Ping Identification has agreed to amass UK-based biometric authentication agency Keyless. Phrases of the acquisition weren’t disclosed.

Ping Identification will combine Keyless’ Zero-Information Biometrics know-how into its platform to allow enterprise to boost their fraud prevention and person verification processes.

Ping Identification has been a Finovate alum since its look at FinovateEurope 2012. Keyless gained Better of Present in its Finovate debut at FinovateEurope 2025.

Digital id firm Ping Identification has agreed to amass UK-based biometric authentication specialist—and FinovateEurope 2025 Better of Present winner—Keyless. Phrases of the acquisition haven’t been disclosed, and the transaction stays topic to customary closing situations and regulatory approvals.

“In an period the place belief is constantly examined, organizations should ship digital experiences which can be safer, non-public, and easy,” Ping Identification CEO and Founder Andre Durand stated. “By becoming a member of forces with Keyless, we purpose to make privacy-preserving authentication so simple as a look—constructing better confidence into each digital interplay.”

With its Zero-Information Biometrics know-how, Keyless separates itself from conventional biometric authentication options in a variety of methods. Requiring a solely single look on the digital camera, Keyless’ know-how verifies the person’s face and machine in opposition to enrollment information, leveraging cryptographic strategies that forestall biometric information from being saved in a retrievable kind. This prevents the information from being reconstructed and doubtlessly linked again to the unique picture—whether or not on the machine or within the cloud. Moreover, Keyless doesn’t require a devoted machine, which makes the know-how simpler to deploy throughout a variety of various environments and person teams.

The know-how helps defend customers in opposition to fraud strategies equivalent to account takeover, offering prompt biometric authentication and deepfake detection for frontline and cell employees with sub-300ms efficiency benchmarks. Keyless additionally helps workers with passwordless multi-factor authentication and seamless single sign-on (SSO) for simpler, stronger entry. The know-how can also be designed to boost readiness for quite a lot of worldwide regulatory compliance requirements for privateness together with GDPR, CCPA, and PSD3.

“Belief lies on the coronary heart of each digital relationship,” Keyless CEO and Co-Founder Andrea Carmignani stated. “This acquisition will assist to embed belief all through the id journey—from verification to authentication to authorization—and displays our shared dedication to a safer, seamless, and personal world.”

Per the acquisition, Ping Identification will combine Keyless’ privacy-preserving biometric authentication into its platform to allow companies to boost their fraud prevention and person verification processes with out including friction to the person expertise. The acquisition additionally helps Ping Identification manifest its One Platform imaginative and prescient of offering verified belief throughout all identities, together with buyer id and entry administration (CIAM) workforce, and B2B use instances. This imaginative and prescient additionally means delivering safe, passwordless entry for frontline, shared terminal, and manufacturing environments.

Headquartered in Denver, Colorado and based in 2003, Ping Identification first demonstrated its know-how at FinovateEurope 2012. As we speak, the id verification innovator boasts 99.99% uptime and greater than three billion identities underneath administration. The corporate’s acquisition announcement comes within the wake of a survey it carried out that indicated that whereas AI use is climbing quickly, its affect on buyer belief has been more and more problematic. “AI and the rise of brokers is compounding the assault on belief, making threats extra persuasive and more durable to detect, which raises the stakes for id verification and safety,” Ping Identification VP of Shopper Phase Technique Darryl Jones stated.

Successful Better of Present in its FinovateEurope 2025, Keyless was based in 2019 and relies in London. The corporate’s privacy-preserving biometric authentication know-how has helped banks, fintechs, crypto platforms, and extra scale back account takeover incidents, safe high-risk transactions, and enhance operational effectivity. Keyless’ Zero-Information Biometrics resolution supplies multi-factor authentication with a single look on the digital camera, delivering ends in 300 milliseconds with out storing precious biometric info.

Final month, Keyless introduced that it had been named a “Luminary” in Acuity Market Intelligence’s Biometric Digital Identification Privateness and Compliance Prism Report. In September, Keyless was featured in Gartner’s Rising Tech Affect Radar: Disinformation Safety for its improvements in biometric steady id assurance.

Photograph by cottonbro studio


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