Transmit Security

Transmit Security

Founded: 2014
HQ: Newton / United States

TransmitSecurity’s authentication, authorization, fraud prevention, and account opening, while saving massive development costs. Using Identity Orchestration technologies and a self-learning identity hub, organizations can easily build flexible identity journeys and deliver them to any application without development work.

Industry
  • Financial Services
Primary Functionality
  • Identity & Authentication
Fraud Type
  • Payment Fraud
  • Account Takeover
  • New Account Fraud
  • KYC & AML
Technology
  • Biometrics
  • Multi-Factor Authentication
  • Machine Learning
  • Rules Engine

Reference Customer

Citibank

HSBC

USBank

Wells Fargo

Synchrony

Integration

Ping Identity

CA SiteMinder

Oracle Identity Management

Forgerock

Nuance

Fraud Solution Profile

Transmit SP is a cross-channel identity orchestration platform designed to simplify, accelerate, and reduce the cost of identity-related projects, such as authentication, authorization, fraud detection, and account opening.

The platform consists of six different engines for account opening, authorization, authentication, fraud detection, regulatory compliance, and security, as well as a hub and an orchestration layer.

The hub is an open layer into which third-party components such as authenticators, identity-proofing tools, directories, databases, and web services can be connected. Once connected they become an integral part of the various platform engines.

The authentication engine provides a full set of authentication capabilities to manage primary login, multi-factor, and step-up authentication across various applications and channels. The engine is capable of working with any number of authenticators from various vendors simultaneously. In addition, the engine includes a large set of built-in authenticators, developed by Transmit Security, for example, biometrics, OTP, knowledge-based questions, QR codes, and device identification.

The platform’s fraud detection engine offers advance risk and fraud detection capabilities across multiple applications. The platform can evaluate two types of risk factors: external risk scores and internal risk scores. External risk scores are fetched from or pushed by third-party systems, usually risk engines. For example, organizations that have implemented risk engines from various vendors can have Transmit SP use these risk scores to orchestrate the authentication and authorization process in run-time. Transmit SP automatically generates internal risk scores, and they can be used to flex the authentication and authorization process as well. It is also possible to weight or orchestrate external risk scores with internal risk scores to create an uber risk score. Internal risk scores are based on machine learning on top of profilers which automatically build normal behavior profiles per user for specific sets of data—normal transaction sizes, normal locations, and normal login times, for instance. Each profiler can also be consulted separately. Additionally, the platform allows generating a weighted or orchestrated score by combining information from multiple profilers and assigning a weight to each of them. This weighted risk score can then be used anywhere in the application to drive decisions such as block, step-up, and report.

The orchestration engine provides a configurable way of coordinating the engines to drive different identity-related customer journeys. Transmit SP differentiates itself from other identity platforms by its extremely advanced run-time orchestration capabilities that are designed to replace long and complex application code.

Transmit mainly works with large enterprises with millions and tens of millions of end users. Among our customers are the largest financial institutions in North America. The main use cases for the Transmit platform include mobile, web, call center, branches, and payments.

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