COVR Security is a Swedish company founded in 2015 that provides mobile, multi-factor authentication-as-a-service (MFAaaS). The company was built on principles derived from Sweden's BankID system and uses out-of-band (OOB) technology to separate authentication from transaction channels, reducing the risk of interception or man-in-the-middle attacks. The company's core offering is a secure identity verification and authentication platform targeting industries that require strong customer authentication, including banks, payment networks, credit card companies, electronic ID (eID) providers, IoT companies, and mobile carriers. The out-of-band approach ensures that authentication occurs on a separate channel from the transaction being authorized, making it significantly harder for attackers to compromise both simultaneously. COVR Security describes its architecture as inspired by Nordic banking security standards, which it aims to deploy globally, particularly in new and emerging markets. The platform is delivered as a service, enabling organizations to integrate enterprise-grade authentication without building the underlying infrastructure themselves. The company is headquartered in Malmö, Sweden, with additional offices in Göteborg (Sweden), Palo Alto (USA), Frankfurt (Germany), Bangkok (Thailand), and Dubai (UAE), reflecting a global operational footprint. Its leadership team includes a Founder/CIO, Co-Founder/CEO, CTO, CFO, CHRO, and a Chief Commercial Officer, among other technical and regional roles covering the Asia Pacific region and European markets.