swIDch is an authentication technology startup for enterprises which aims to eliminate digital identity-related fraud through our patented algorithm OTAC (One Time Authentication Code). OTAC is a unique, unidirectional and dynamic token generated from a user device(e.g. mobile) that identifies and authenticates users securely and efficiently. It does not duplicate with anyone else at any given time and it identifies a user with the code alone, even in a networkless environment. It provides strong security to its clients as well as saves costs from fraud losses, integration and operation of their legacy system for authentication.
The ability to generate a dynamic code without a network, which can accurately identify a user had previously been deemed impossible before swIDch created this innovative solution. Since the technology is provided in the form of API/SDK, it is also easy to implement and universal so it can easily be altered to apply across multiple verticals such as payment, mobility, IoT, and so on. Currently, swIDch holds 120 patents globally that protect its technology.