2016/10/26 8:45 AM

HYPR, an encryption-specific solution to enable secure biometric login authentication, announced on Tuesday that it has secured $3 million USD in funding from RTP Ventures, Boldstart Ventures and Mesh Ventures.

Also read: Only Permissioned Blockchaines Can Transform Finance, Says Chain’s Ludwin

This announcement, coupled with an ever-increasing roster of multi-national customers in the banking industry and beyond, underscores the fact that biometric authentication is a key realm for advancement in login security, person-ability, and user control in securing biometric data.

Speaking to the excitement of the partnership, Ed Sim, managing partner and founder at Boldstart Ventures, said that “There is no bigger opportunity in security right now than to replace every password with biometrics.

HYPR said its platform approach is the best way to make that happen, as it allows financial, IoT and enterprise customers to easily integrate into…

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