Nordea Selects Veridium to Safeguard Highly Confidential Data with Biometric Authentication

PRESS RELEASE

QUINCY, Mass.--Veridium, a leader in strong authentication solutions using biometrics instead of passwords and tokens, today announced that Nordea is deploying the complete VeridiumID platform to replace tokens with biometric authentication for high privileged access to confidential and secure data. This is a critical first step in Nordea’s strategy to transformtheir organization, embracing multi-factor biometric authentication for information security classification, integrated into the data management process.

With the VeridiumID platform, 4 Fingers TouchlessID and VeridiumAD, Nordea will be able to replace tokens with biometrics, conveniently protecting high-privileged access. This effort will provide increased security, ease of use and a lower total cost of ownership that’s scalable and extendable for the enterprise. This initiative is part of Nordea’s strategy to improve how employees access data and accounts while meeting new regulatory compliance demands.

Veridium’s complete software-only solution provides expanded customization and scalability to Nordea to protect their company’s most critical data and increase security and accountability over its data access management.

“Maintaining customer, employee and company data is critical for all organizations – but especially those in the financial industry,” said James Stickland, CEO, Veridium. “With Veridium, Nordea will be able to take its first steps in advancing security for high privilege access and GDPR compliance. We’re delighted Nordea has selected Veridium for their security and authentication needs and look forward to continuing this partnership.”

VeridiumID’s Microsoft Active Directory integration component, VeridiumAD, verified as Citrix Ready®, is the first software-only solution that seamlessly integrates into Citrix StoreFront, NetScaler, and ShareFile environments, enhancing security when authenticating against Active Directory, minimizing the risks of compromised credentials and increasing productivity by providing fast and secure access to employee’s systems and accounts.

For more information on VeridiumID, VeridiumAD, and Veridium’s biometric authentication capabilities, please visithttps://www.veridiumid.com/biometric-authentication/.

About Nordea

We build strong and close relationships through our engagement with customers and society. Whenever people strive to reach their goals and realise their dreams, we are there to provide relevant financial solutions. We are the largest bank in the Nordic region and among the ten largest financial groups in Europe in terms of total market capitalisation with around 11 million customers, 31,500 employees and 600 branch office locations. The Nordea share is listed on the Nasdaq Stockholm, Nasdaq Helsinki and Nasdaq Copenhagen exchanges. Read more about us on nordea.com.

About Veridium

Veridium is a leader in the development of strong authentication solutions using biometrics instead of traditional passwords, PINs, and tokens. Powered by an unmatched legacy of IP and R&D, our software increases security, improves convenience, and reduces fraud at a lower total cost of ownership than traditional multi-factor authentication (MFA) solutions. Veridium has offices in the U.S., U.K., and Romania. For additional information, please visit www.veridiumID.com.