Stytch Joins FIDO Alliance for 2023
Stytch is thrilled to announce that as of 2023 we are now part of the FIDO alliance. In this article, we’ll discuss what FIDO is, why they’re important in the world of authentication, and why we joined.
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What is the FIDO Alliance?
The FIDO Alliance is a nonprofit that began developing and improving security protocols to reduce the overreliance on passwords. In 2009 PayPal discussed its proposal for using biometrics as an alternative way to authenticate users, instead of using passwords. These conversations inspired a new industry standard for passwordless access using public-key cryptography and local logging technologies. In 2012, the FIDO alliance (Fast Identity Online) was formed…
The Cyber Hut Comment: Stytch have announced they’re joining the FIDO alliance. Clearly password-free authentication is the panacea for many designing authentication solutions in both the b2e and b2c worlds. However, passwords still dominant. So why is Stytch different and what will they offer?
Stytch were formed in 2022, have had over $126 million in funding and employee roughly 80 staff according to LinkedIn. They describe themselves as “the modern auth platform” and provide a range of login options from one time passwords, WebAuthn support, device finger printing and magic links.
They target the developer, with the focus on “owning your own user experience”, which they claim is one of the biggest barriers to adopting modern login methods.
They charge per active user per month (at $0.05) and are looking to add in a broader array of platform capabilities such as access management and user management going forward.
IAM Radar by The Cyber Hut is a reader-supported publication. To receive new posts and support our work, consider becoming a free or paid subscriber.