Nok Nok Labs has been named the winner of Frost & Sullivan’s New Product Innovation Award for 2020 within the class of passwordless shopper authentication.
The corporate was acknowledged for its S3 Authentication Suite, which is designed to empower organizations with biometric, multi-factor authentication options. It additionally incorporates FIDO Alliance requirements aimed toward defending staff’ biometric information and guaranteeing it isn’t shared with third events.
In bestowing the award, Frost & Sullivan highlighted Nok Nok’s success with Intuit, a consumer within the monetary software program sector that turned to Nok Nok to improve its identification administration framework. With its S3 Authentication Suite, Nok Nok enabled Intui to scale back authentication time for finish customers by 20 p.c, and introduced the authentication success price to 99.9 p.c, in comparison with the 80-85 p.c success price supplied by way of SMS codes and one-time passwords.
Commenting on the award win in a press release, Frost & Sullivan analyst Ram Ravi asserted that the S3 Authentication Suite is “probably the most broadly deployed FIDO-based resolution,” and praised Nok Nok for its dedication to supporting its purchasers.
“Nok Nok is concentrated on offering sensible help to particular person buyer necessities,” he mentioned. “The corporate delivers enhanced buyer worth by continually introducing distinctive options to its S3 Authentication Platform, comparable to adaptive insurance policies, fast authentication, and single-developer API.”
Information of the award win comes simply a few weeks after Nok Nok’s announcement of a partnership with Netcetera that can see the businesses develop a joint resolution combining the S3 Authentication Suite with Netcetera’s 3D Safe cost applied sciences. The business-focused joint resolution ought to assist to additional unfold the attain of FIDO authentication requirements.
“The truth that FIDO requirements and Nok Nok at the moment are so globally accepted is a testomony to the necessity for standards-based passwordless authentication options,” commented Nok Nok CEO Phillip Dunkelberger. “We’re honored that Frost & Sullivan acknowledged the innovation we carry to this entrance.”