- Growth StageExpanding market presence
Loqr careers
Loqr preemptively avoids fraud in financial services transactions by leveraging continuous client trustable authentication using their smartphones.
Financial Fraud is a rising problem affecting a new victim every 2 seconds and representing yearly average losses of $800M per major bank. Banks are not able to assure each transaction to depend on real clients, so identity thieves can act as clients and commit fraud in their accounts. Loqr lets the real client be part of each transaction, using simple edge cutting dynamic authentication methods, assuring only the client, and no one else, is able to allow them.
Loqr can be used in other verticals, but we are fully dedicated to be the compliant solution of choice for the Financial Services sector, so we will keep developing our product according to their specific needs and requirements.
Financial Fraud is a rising problem affecting a new victim every 2 seconds and representing yearly average losses of $800M per major bank. Banks are not able to assure each transaction to depend on real clients, so identity thieves can act as clients and commit fraud in their accounts. Loqr lets the real client be part of each transaction, using simple edge cutting dynamic authentication methods, assuring only the client, and no one else, is able to allow them.
Loqr can be used in other verticals, but we are fully dedicated to be the compliant solution of choice for the Financial Services sector, so we will keep developing our product according to their specific needs and requirements.
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José Ribeiro Dias
Jorge Silva
Valuation
$0
Funded over
1 round
Latest round
Sep 2015
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