Thales and SoyYo Strengthen Collaboration to Bring Passkeys to Millions of Colombians
Thales, the leading global
technology and security provider, today announced it is expanding its
collaboration with SoyYo, a digital identity provider for
companies in Colombia, introducing FIDO2 passkeys for passwordless
authentication. This implementation will enable millions of Colombians to
connect with their digital identities and access digital services without typing
any usernames and passwords.
Passwords have long
been the weakest link for consumers to access online services securely. Now
with passkey, the user identity is verified with biometrics or a device code so
users can log in quickly and securely. Each passkey consists of a pair of keys,
one of which remains stored in an encrypted format on the device, keeping it
safe in the event of a data breach. For businesses that offer digital services,
passkeys provide multiple benefits including improved login success rates and
reduced login times, along with strong security and reduced operating costs. In
this collaboration, the creation of the passkey is preceded by an identity
verification, which enables a user centric, reusable SoyYo passkey assigned to
the verified user.
Danny de Vreeze, Vice President for Identity & Access Management at
Thales commented: “Passwords have been the fatal flaw in
digital authentication for decades, but with the introduction of passkeys we
are finally on the brink of a passwordless future. We are confident that
passkeys will become the dominant authentication method, not only to secure
access to services and platforms, but also to authorize any sensitive
operations. We are proud to offer passkeys to all our customers, including
those in regulated industries. We are pleased to support SoyYo, an agile
fintech, playing a crucial role as an identity provider, with a smooth
migration to a modern, future-proof solution.”
SoyYo helps
businesses protect their users’ digital identity and keep their data safe
online. They have relied on Thales for the last three years by using its
cloud-based identity platform to securely onboard customers digitally with
document verification and identity proofing as well as enabling access to their
mobile app. With the implementation of passkeys, they will now be able to
utilise the same platform to introduce passwordless authentication to end
users, further improving the customer experience.
“Passkeys will help us strike that necessary balance between user experience
and security, bringing authentication that is both familiar to users and
phishing-resistant. We are pleased to be able to leverage an adaptable solution
like the Gemalto IdCloud to power this offering, along with the full scope of
our identity proofing and authentication needs. We have been partnering with
Thales for a long time and look forward to continuing the collaboration to
better serve our customers with solutions focused on usability, security, and
global compliance,” added Santiago Aldana, CEO at
SoyYo.
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