Anonybit, a pioneer in decentralized biometrics, has announced its integration with Q2’s Digital Banking Platform through the Q2 Partner Accelerator Program. This integration provides community and mid-tier financial institutions with turnkey access to Anonybit’s privacy-preserving, biometric authentication capabilities, without requiring customers to download apps or rely on outdated methods like passwords, PINs, or knowledge questions. Embedded directly within the Q2 banking flow, Anonybit supports use cases including passwordless login, step-up authentication, wire verification, adding payees, and more, across any device and channel. This marks a major step forward in enabling secure, frictionless user experiences and empowering smaller banks to fight next-generation fraud with next-generation technology.
Financial institutions can now provide Anonybit’s privacy-preserving biometric authentication solution through Q2’s Digital Banking Platform
Anonybit, the pioneer in decentralized biometrics, today announced an integration with Q2’s Digital Banking Platform, via the Q2 Partner Accelerator Program. Q2 Holdings, Inc. (NYSE: QTWO) is a leading provider of digital transformation solutions for banking and lending. As part of the Q2 Partner Accelerator Program, financial institutions will be able to purchase Anonybit and offer its privacy-preserving biometric capabilities via the Q2 Digital Banking Platform to help reduce fraud and enhance user experiences.
Anonybit’s solution enables financial institutions to provide phishing-resistant multi-factor authentication for step-up authentication and streamlined account recovery.
Read More : Identity Management in the Financial Services Sector: Four Keys to Success
“Smaller banks and credit unions face the same sophisticated fraud threats as larger institutions, but often with fewer resources to combat them,” said Frances Zelazny, Co-Founder & CEO of Anonybit. “By integrating with the Q2 Digital Banking Platform, Anonybit is making it easier for these financial institutions to access cutting-edge biometric security solutions, ensuring they can effectively protect their customers and stay ahead of emerging cyber threats.”
Anonybit’s integration with the Q2 Digital Banking Platform means financial institutions can now choose to offer decentralized biometrics technology to their customers. The benefits extend beyond the digital channel—Anonybit can be implemented in a mobile app, website, call center, bank branch, ATM and beyond.
Zelazny added, “Ultimately, Anonybit functions as a service layer that can be invoked from any channel and any device. By seamlessly threading the user’s biometric from account origination to authentication and beyond without compromising on privacy, Anonybit is redefining how financial institutions protect their customers.”
The Q2 Partner Accelerator is a program through the Q2 Innovation Studio that allows in-demand financial services companies leveraging the Q2 SDK to pre-integrate their technology into the Q2 Digital Banking Platform. This enables financial institutions to work with these partners, purchase their solutions, and rapidly deploy their standardized integrations to their customers.
Read More: Global Fintech Interview with Beth McCoy, President of RewardOps
[To share your insights with us, please write to psen@itechseries.com ]
