Futurae creates multi-factor user authentication solutions for online applications. The company offers a portfolio of authentication products based on machine learning and sound. It provides solutions such as transaction confirmation, fraud detection, smart assistant, passwordless authentication, and more. It serves banking, payment, insurance, retail, and other industries. The company was founded in 2016 and is based in Zurich, Switzerland.
Futurae's Product Videos
ESPs containing Futurae
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The multi-factor authentication (MFA) market includes security protocols that require more than one unique credential to verify a user’s identity for a login or other transaction. MFA protocols usually call for a combination of at least three credentials. The market aims to provide secure and efficient ways for individuals and organizations to access their data and applications. Many vendors in th…
Futurae's Products & Differentiators
Improves security and user experience by eliminating passwords from the user journey. Reduces fraud, identity theft, and support costs.
Expert Collections containing Futurae
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Futurae is included in 3 Expert Collections, including Artificial Intelligence.
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
These companies protect organizations from digital threats.
Excludes US-based companies
Latest Futurae News
Sep 29, 2023
Success 29.09.2023 Swiss cybersecurity startup Futurae has seen strong growth in the past 12 months, portrayed by a 110% increase in usage over the last 12 months, new customers and signing multiple partnership with core banking providers. The newly appointed CEO, Philippe Cayrol, will drive the company in the next phase. Futurae Technologies provides companies with a seamless end-user authentication, transaction confirmation, and fraud prevention solution, securing millions of customers of some of the world’s largest banks and financial institutions, online retailers, hospitals, or public institutions. As the global cost of fraud for banks is predicted by Nilson to reach $40bn in 2027, fuelled by a steep rise of online fraud, Futurae's solutions have risen to meet the escalating demand. The past 12 months have been particularly fruitful for the startup: the company has experienced remarkable growth, with a 110% increase in usage, now enabling several million end-users of banks and fintechs. This growth correlates positively with the increase in revenues. The customer base has also continued to grow with new customers – joining a distinguished list of over 120 institutions in Switzerland, Germany, France, UK, Italy and the Middle East are new clients and partners such as Rothschild & Co., Barclays, Netcetera and Raiffeisen. These clients have been convinced by the strength and modularity of Futurae's technology, which foster high standards of security whilst decreasing end-user friction. In fact, Futurae became the default solution for core banking system Finnova and signed partnerships with other core banking providers, Avaloq and Temenos. On the technology side, the company has implemented its solution with new, tech-savvy clients such as Viva Wallet and Qonto (both fintech Unicorns). The startup’s team has also more than doubled over the past two years, growing from 25 to 44 people. Next on the roadmap is a Fraud Intelligence Platform, that leverages the insights the company gets from its millions of users to deliver fraud prevention insights and uses pattern recognition of online behaviour to detect fraud live when it happens and block it. To further accelerate its growth, Futurae has welcomed Philippe Cayrol as the new Chief Executive Officer (CEO), succeeding Sandra Tobler who will remain Chairwoman and operationally transition to the role of Chief Customer Officer (CCO). Philippe Cayrol, a seasoned executive with a notable track record in both the tech industry, including roles at BlaBlaCar and Loanboox and the financial sector, with prior experience at J.P. Morgan. “We are delighted to welcome Philippe to the team. The team has reached very strong development milestones in the last 2 years and Philippe’s experience will help us to push our growth further on a global level", said Chairwoman Sandra Tobler “I am honoured to lead one of Switzerland's most dynamic SaaS companies. Our clients have shown deep trust in our products, and our rapid growth presents an exciting opportunity. We enhance security while providing a seamless user experience, with the ultimate goal of establishing Futurae as a European leader in cybersecurity for banking, fintech, insurance and payment industries”, said Philippe Cayrol. Further leadership changes In tandem with the CEO appointment, Futurae is implementing strategic changes to its management team. Claudio Marforio and Nikos Karapanos, co-founders of the company, will assume the roles of Chief Product Officer (CPO) and Chief Technology Officer (CTO), respectively. Linda Brunner will take on the position of Chief Operating Officer (COO). These changes are designed to reinforce Futurae's leadership and drive innovation in cybersecurity. (Press release/RAN)
Futurae Frequently Asked Questions (FAQ)
When was Futurae founded?
Futurae was founded in 2016.
Where is Futurae's headquarters?
Futurae's headquarters is located at Eichstrasse 23, Zurich.
What is Futurae's latest funding round?
Futurae's latest funding round is Incubator/Accelerator - III.
How much did Futurae raise?
Futurae raised a total of $7.6M.
Who are the investors of Futurae?
Investors of Futurae include Venture Leaders Mobile, Zurcher Kantonalbank, AXA Venture Partners, Euroclear, EquityPitcher Ventures and 8 more.
Who are Futurae's competitors?
Competitors of Futurae include ForgeRock and 8 more.
What products does Futurae offer?
Futurae's products include Passwordless Authentication and 3 more.
Compare Futurae to Competitors
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Traitware specializes in cybersecurity, specifically in the domain of passwordless multi-factor authentication (MFA) and single sign-on (SSO). The company offers a login and authentication platform that eliminates the need for passwords, providing up to five-factor authentication with no single point of failure. It also offers customizable solutions, including cloud-based or self-managed deployments, and an admin interface for controlling access to digital assets. Traitware was formerly known as Acuity Systems. It was founded in 2017 and is based in San Francisco, California.