Mumbai, Dec 4 (NationPress) - Fintech firm In-Solutions Global (ISG), backed by JP Morgan, has unveiled a groundbreaking biometric authentication solution aimed at enhancing e-commerce security. This initiative comes as digital fraud in India has skyrocketed to Rs 36,014 crore, nearly trebling compared to the previous year.

In partnership with German IoT company Giesecke+Devrient (G+D), ISG has developed ISG Authify, which replaces traditional passwords and one-time passcodes with a passkey-based biometric verification system. This innovative technology provides a one-tap authentication process that significantly reduces friction while ensuring that credentials remain securely tied to the user's device.

The launch is particularly timely, with the Reserve Bank of India (RBI) advocating for enhanced controls as new authentication guidelines are set to take effect in April 2026. ISG Authify allows banks to meet regulatory compliance effortlessly while bolstering customer trust and protecting device-level security.

“This is a significant milestone in redefining digital trust for e-commerce transactions,” commented Anil Jain, Chief Product & Delivery Officer at In-Solutions Global Ltd.

“By implementing biometric authentication, we’re not merely enhancing security; we’re revolutionizing the user experience into a seamless, OTP-free process. Our collaboration with G+D, a recognized leader in security technology, provides a strong technical foundation for this integration, ensuring scalability, performance, and compliance with global authentication standards, FIDO,” Jain elaborated.

Passkeys utilize a cryptographic key pair, where the public key is stored on the server, and the private key is securely maintained on the consumer’s device. Since the private key remains on the device and is accessible only through biometric verification, the system is highly resistant to phishing attempts and credential theft.

This solution is crucial for banks, access control servers, and mobile banking applications. By employing device-based biometric verification, ISG Authify guarantees that every transaction is safeguarded, providing both convenience and confidence to users.

Adelia Castelino, Co-founder and Managing Director at ISG, stated that ISG Authify aims to empower businesses and consumers with intuitive, compliant, and phishing-resistant technology. “With biometric authentication, we are moving closer to establishing digital trust as the bedrock of every online transaction,” Castelino remarked.

According to G+D, this technology signifies the next evolution in digital identity security. “Passkeys signify a substantial advancement in authentication. By substituting vulnerable PINs, passwords, and OTPs with device-bound cryptographic passkeys, we ensure robust, phishing-resistant security without compromising the user experience,” noted Tapesh Bhatnagar, Head of Digital Solutions Sales, G+D India.

ISG, which operates throughout India, the Middle East, and Asia Pacific, stated that ISG Authify is part of a larger initiative to assist banks and merchants in upgrading to a more intelligent, secure, and interoperable payment infrastructure as transaction volumes increasingly transition to digital platforms.