Ipsidy Announces Agreement with Wipro to Combat Identity Fraud and Offer FIDO2 Compliant Passwordless Login for Customers Globally

LONG BEACH, NY, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Ipsidy Inc. (www.ipsidy.com) [OTCQB: IDTY], a leading provider of secure, mobile biometric identity solutions, including Identity as a Service (IDaaS), today announced an agreement with Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company,  to help enterprise customers combat identity fraud and to deliver seamless FIDO2 compliant Passwordless login tied to a proven identity.

Wipro helps its global customers across six continents thrive in a world defined by disruption and fueled by transformative technology. Under the agreement, Wipro will team with Ipsidy to offer innovative identity solutions to address the expanding demand for building trust and identity certainty in today’s online, digital world.

Verification of an individual’s identity during enrollment as well as ongoing authentication of that identity across the customer journey underpins the basis of a new form of trust and security. To that end, Wipro intends to offer Ipsidy’s facial biometric identity solutions, Proof^TM and Verified^TM , to provide enhanced identity assurance throughout the digital transformation journey.

Proof^TM by Ipsidy offers facial biometric identity verification utilizing trusted government-issued credentials and databases to help eliminate identity fraud during remote user and customer onboarding. Verified™ Essential, offered through Ipsidy’s partnership with LoginID, delivers a FIDO2 strong authentication and Passwordless access solution that securely and automatically creates a digital chain of trust between biometrically verified individuals, their accounts, and their devices. Instead of entering complex and often forgotten passwords, Verified^TM  allows seamless biometric authentication of enterprise employees and customers to systems, web platforms, and mobile applications.

“Ipsidy is pleased to partner with Wipro to deliver our identity verification and FIDO2 authentication services across the globe” said Phillip Kumnick, CEO of Ipsidy. “Wipro is well-known for its market breadth and reputation for delivering innovative solutions to its customers as they grow their digital businesses.  We believe this agreement opens new opportunities for our business, as Wipro assists clients with the critical challenge of mitigating identity fraud and enhancing system security.”

For further information about these exciting solutions and how to join the Ipsidy Partner Network and resell our suite of mobile biometric solutions, contact Ipsidy at [email protected].

About Ipsidy

Ipsidy Inc. (OTCQB:IDTY) www.ipsidy.com, is Digital Identity. Ipsidy’s mission is to ensure our customers know the identity of their users with biometric certainty. Our Identity as a Service (IDaaS) platform delivers a suite of secure, mobile, facial biometric identity solutions, available to any vertical, anywhere. Our robust identity verification and authentication solutions work great on their own but even better together to help answer everyday questions: Who is applying for a loan? Who is sending money? Who is requesting an account change? Ipsidy is committed to providing seamless, accurate and speedy identity solutions that establish security and trust in today’s digital world.

Ipsidy is headquartered in New York and has operating subsidiaries: MultiPay in Colombia, www.multipay.com.co; Cards Plus in South Africa, www.cardsplus.co.za; Ipsidy Enterprises in the U.K. and Ipsidy Perú S.A.C. Further information on Ipsidy can be found at www.ipsidy.com or contact us at [email protected].

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Notice Regarding Forward-Looking Statements

Information contained in this announcement may include “forward-looking statements.” All statements other than statements of historical facts included herein, including, without limitation, those regarding the financial position, business strategy, plans and objectives of management for future operations of both Ipsidy and its business partners, future service launches with customers, the outcome of pilots and new initiatives and customer pipeline are forward-looking statements. Such forward-looking statements are based on a number of assumptions regarding Ipsidy present and future business strategies, and the environment in which Ipsidy expects to operate in the future, which assumptions may or may not be fulfilled in practice. Implementation of some or all of the new services referred to is subject to regulatory or other third party approvals. Actual results may vary materially from the results anticipated by these forward-looking statements as a result of a variety of risk factors, including the risk that implementation, adoption and offering of the service by customers, consumers and others may take longer than anticipated, or may not occur at all; changes in laws, regulations and practices; changes in domestic and international economic and political conditions, the as yet uncertain impact of the Covid-19 pandemic and others. Additional risks may arise with respect to commencing operations in new countries and regions, of which Ipsidy is not fully aware at this time. See the Company’s Annual Report Form 10-K for the Fiscal Year ended December 31, 2019 filed at www.sec.gov for other risk factors which investors should consider. These forward-looking statements speak only as to the date of this announcement and cannot be relied upon as a guide to future performance. Ipsidy expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this announcement to reflect any changes in its expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based.