Biometric Authentication Provider HYPR Corp. Named by Gartner a "Cool Vendor" Transforming Multichannel to Unified Retail Commerce

NEW YORK, June 1, 2017 /PRNewswire/ -- Today HYPR Corp., the leading innovator in decentralized biometric authentication, is announcing that the company has been named a "Cool Vendor" in Gartner's  May 2017 report, "Cool Vendors in Transforming Multichannel to Unified Retail Commerce, 2017" written by Joanne Joliet, Mirtam Burt and Kelsie Martan. The report evaluates technology that offers engaging, seamless and secure ways for retailers to serve customers.

Gartner provides recommendations for CIOs looking to transform from multichannel to unified retail commerce including the following:

• Review and confirm your current technology's capabilities and future roadmap are aligned to deliver on your customers' expectations of the shopping experience.
• Reformulate all customer cross-channel support processes to support how the customer will interact across the retailer, rather than from a pure business efficiency perspective.
• Enable visibility of real-time data and dashboards across the organization to drive better customer experience and, therefore, your bottom line.
• Implement new technology solutions that offer protection for web, cloud, mobile and payment solutions to optimize data security.

HYPR already secures over 15 million users across Fortune 500 enterprises in the banking, insurance, payments and IoT sectors. Founded in 2014, the company held its "hello world" at the 2015 International Consumer Electronics Show in Las Vegas where ZDNet cited the HYPR solution as one of the show's top 10 innovations alongside those of billion-dollar tech players in the legacy sphere. Now venture-backed by RTP Ventures, Boldstart Ventures and Mesh Ventures, the company is under rapid expansion and recently announced that the server component of the HYPR platform is officially FIDO® Certified. The company partners with leading enterprises introducing secure voice, face, touch, eye, palm, and behavioral recognition to consumer-facing and internal employee applications. IoT system makers represent a growing portion of the company's portfolio. 

"I'm thrilled to see Gartner identify HYPR as a Cool Vendor. As the Internet of Things takes shape around us, industry leaders are looking for powerful ways to decentralize and secure digital identity. The HYPR vision for a secure connected world built upon decentralized authentication is one that enterprises are following with great interest," said Nicholas Donofrio, IBM Fellow Emeritus; IBM Executive Vice President Innovation and Technology (Ret.), and Founder, NMD Consulting LLC.

"With household names in the banking sector already deploying HYPR to millions of users, it's for us great to see Gartner designate the company as a 'Cool Vendor'," said Ann Johnson, Vice President of the Enterprise Cybersecurity Group at Microsoft. "What they are doing for the authentication space really is cool."

"The rising number of connected devices and increasing amount of data breaches highlights the importance of biometric authentication especially within the financial space," said George Avetisov, CEO and co-founder of HYPR. "We believe the 'Cool Vendor' designation affirms HYPR's commitment to ensure biometric data remains safely offline and stored on users' local devices by leveraging decentralized authentication. We have a crack team of the best and brightest who are reinventing identity and access management. Our approach is disruptive and innovative yet to us, customer feedback and this Gartner designation validate that our solution is mature enough for user populations into the many millions."

The report is available to Gartner clients for download at: Cool Vendors in Transforming Multichannel to Unified Retail Commerce, 2017

Gartner Disclaimer:
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About HYPR  
HYPR is the first authentication solution to unite frictionless digital experiences with best-in-class security and 100 percent privacy protection. HYPR provide enterprises an end-to-end solution for deploying decentralized biometric authentication securely across millions of users. HYPR software is integrated into employee and customer-facing applications to eliminate fraud, enhance user experience, and increase revenue.

Additional information is available at: https://www.hypr.com/ 

Media Contact: North 6th Agency, Inc.
212-334-9753, [email protected]

SOURCE HYPR Corp.