BOSTON--(BUSINESS WIRE)--Transmit Security, the leading innovator of identity security, orchestration and fraud prevention, is proud to announce it has been recognized as a Leader by Forrester (Nasdaq: FORR) Research in The Forrester Wave™: Customer Identity and Access Management (CIAM), Q4 2024.
The Forrester Wave™ evaluated 15 of the most significant vendors based on 19 criteria, determining their rankings on current offering and strategy.
Mosaic by Transmit Security, the identity platform that was evaluated, received the highest possible scores across CIAM evaluation criteria including data orchestration, scale, customer identity verification and registration, risk-based authentication, business systems integration policy management, reporting and dashboarding, vision, roadmap and partner ecosystem.
The Forrester Wave™ states that, “[Mosaic by Transmit Security] is a good fit for firms that prefer an integrated, end-to-end CIAM solution for their identity and cyber fraud orchestration.” The report further notes, “Transmit Security’s vision and roadmap is ahead in fraud management and identity verification. The vendor’s technical roadmap is feature-rich, and roadmap execution is strong.”
As one aspect of the evaluation, Forrester conducted customer interviews, with the report pointing out that “customers praised Transmit Security’s competence and dependability.”
Digital Identity is the Key to Digital Business Opportunities
“Investing in customer digital identity is now a requirement for all digital business as it is foundational for security, customer experience, and operational efficiency. With confidence and trust in customer digital identities, businesses can protect users, meet compliance, and enhance service quality, which are all essential for growth and sustainability in a digital landscape,” said David Mahdi, former Gartner analyst and CIO of Transmit Security
Core Differences Between Customer IAM (CIAM) and Workforce IAM
“While there are some connections between workforce (employee) IAM and customer IAM, the market continues to diverge, where purpose-built CIAM-focused solutions offer better alignment to today and tomorrow's requirements,” says Mahdi. “Having recognized this, we commend the approach taken by Forrester as this year, they produced two separate Forrester Wave™ reports specifically focused on workforce identity platforms and customer IAM.”
Commenting critically, Mahdi added, “IT leaders seeking to modernize their CIAM stack, or [those] with an upcoming CIAM project should leverage this latest Forrester CIAM Wave, for the best and most accurate guidance.”
A Leader in The Forrester Wave™ for CIAM: Transmit Security and the Journey to Resilient Identity-Security Fusion
“As a first-time participant in the rigorous Forrester CIAM Wave, we are honored to be positioned as a Leader,” said Co-Founder and President, Rakesh Loonkar. “When Mickey Boodaei and I founded the company back in 2016, we had a vision that disparate identity, fraud, and authentication, authorization, user store capabilities tools would all converge, or rather fuse. It’s why we invented the first-to-market identity-fraud fusion platform, Mosaic.” Further adding, “With our unique approach to identity-fraud fusion with Mosaic, our clients have transitioned from siloed and outdated identity solutions, cutting operating costs and fraud while improving the consumer experience—enabling them to launch new digital initiatives that were previously unattainable.”
Founder and CEO Mickey Boodaei commented, “To us, this recognition reinforces our vision and mission focused on identity security backed by the fusion of natively built customer identity management, identity verification and fraud prevention, all underpinned by our first-to-market identity fusion platform.”
With a focus on providing frictionless and secure digital experiences, Transmit Security continues to redefine the future of identity management and security. Mosaic by Transmit Security empowers businesses to deliver seamless, digital experiences that reduce friction and improve user satisfaction without compromising security.
“We are thrilled to be recognized by Forrester as a leader in CIAM,” said David Mahdi. “By taking a distinct focus on high-scale, resilient, active-active identity security, our clients have simultaneously modernized their identity stack, while increasing confidence and trust in customer digital identities.”
Reflecting on why he joined Transmit Security nearly two years ago, “As a former analyst covering identity security, I was fortunate to have deep access to market participants, including investors, practitioners, and vendors. From that perspective, I always recognized that Transmit Security had the team, technology, vision, and determination to revolutionize the IAM market by driving its evolution toward identity security.”
Further connecting identity security to business outcomes, Mahdi commented, “Digital business opportunities are often limited due to security, privacy and trust gaps left by common IAM/CIAM stacks. By adopting our resilient identity-security approach, organizations have transformed their customer services, leveraging digital identity as a catalyst to unlock new business opportunities.”
With built-in, enterprise-grade security, resilience and velocity, Transmit Security cuts delivery times by over 80%, reduces total costs by over 70%, and provides unmatched visibility and insights into all aspects of your customer journeys. It’s why 7 ‘top 10’ US banks and Fortune 500s put their trust in Transmit Security to prevent fraud and other identity-focused threats.
Access the Forrester Wave™ for CIAM here
About Transmit Security
Transmit Security is eliminating silos, security gaps and complexity with a fusion of customer identity management, identity verification and fraud prevention in one transformative platform. Mosaic by Transmit Security unifies best-of-breed modular services — purpose-built for resilience and scale. With cybersecurity in its DNA, Transmit Security is trusted by 7 ‘top 10’ US banks and Fortune 500s.
Discover more at www.transmitsecurity.com
