SMS OTP Phase-Out: What each regulator requires, and where identity fraud moves next
For twenty years, a six-digit code sent by text message was how the world proved identity online. That period is
Jesús Aragón
CEO and co-founder of Identy.io, a deep-tech company building on-device mobile biometric authentication, with over 20 years across mobile technology, cybersecurity and entrepreneurship in more than a dozen countries. He previously worked at Hewlett-Packard and Texas Instruments and held executive roles in Silicon Valley, taking Audience Inc. through its IPO, driving Agnitio's acquisition by Cirrus Logic and co-founding the FIDO Alliance alongside PayPal, Lenovo, Google and Nok Nok Labs. He founded Identy.io in 2017 with Antony Vendhan to process face, fingerprint and palm entirely on the device, with no servers or extra hardware. Under his leadership the company has earned NIST evaluations, a perfect-score Level 2 PAD certification and MOSIP compliance, with deployments across four continents. He is a recognised voice in digital identity and passwordless authentication.
LinkedIn
Author Publications
Mule account detection: The identity layer transaction monitoring cannot see
Mule accounts pass KYC. That is the whole problem. A money mule account is opened with a real name, a
COPYRIGHT © 2026 IDENTY.IO
