Fast Company Names Identiq “Most Innovative Company”
Fast Company’s prestigious annual awards for Most Innovative Companies are now public - and we’re thrilled to announce that we’ve been named a "Most Innovative Company", and been chosen as No. 2 in the award’s Security category.
Of course this news follows hard on the heels of last week’s announcements that Identiq was chosen as a “Most Promising Fintech” by Citi and Visa, and of the company's Series A $47 million funding round, and in a sense the announcements complement each other well; a funding round of that caliber is underpinned by strong innovation, and powerful impact.
A Timely Solution
Fast Company chooses which companies to include based partly on innovation and partly on the way they affect the world. As Fast Company puts it, they look for companies which are “making an impact on their industries and culture as a whole.”
“In a year of unprecedented challenges, the companies on this list exhibit fearlessness, ingenuity, and creativity in the face of crisis,” said Fast Company Deputy Editor David Lidsky, who oversaw the issue with Senior Editor Amy Farley.
Innovation and Impact
We're proud to have been chosen for our ability to impact society in positive ways. Within our own industry, we’re offering a ground-breaking solution to a problem that has plagued fraud prevention for over a decade: How to identify which customers should be trusted, right away? Fraud fighters can rely on the powerful consensus of companies working together on Identiq’s network to identify good customers accurately - and flag suspicious instances as well.
That impact extends to every online company which needs to be able to trust its users, changing what’s possible for online customer experience. Since the companies on Identiq’s network collaborate directly to vouch for and verify trustworthy users, good users can now have a frictionless experience from the very first time they visit a new site or app.
That is great news for consumers, but it’s Identiq’s commitment to privacy that really represents our impact on society. Our network is genuinely anonymous: no company ever shares any personal user information with anyone on the network - not with any other company on the network, and not with Identiq. No sensitive user data is shared. Ever. At all.
With technology like Identiq’s, companies can leverage data - without ever sharing it. Rampant data proliferation can become a thing of the past. Identiq has created a whole new standard for data privacy.
Innovation in 2021
Winning this prestigious award this year seems particularly appropriate, since Gartner (who already named Identiq a Cool Vendor) picked out Privacy Enhancing Computation as a Top Strategic Tech Trend for 2021. That’s the same technology we use to make the magic happen (ok, the magic is really math, but math can be pretty magical).
As more people are spending more time online, trust and identity validation are more important than they’ve ever been. Companies need a powerful way to identify and trust good users - and users need to be able to trust companies with their precious personal data.
Within that context, Identiq couldn’t be more relevant - and it seems that a number of industry experts agree.