Cyberloq Technologies, Inc. (OTC: CLOQ)

CyberloQ Technologies Inc. is a development stage technology company focused on fraud prevention and credit management. The firm was incorporated in Nevada on February 5 2008 under the name Advanced Credit Technologies Inc. and later changed its name to CyberloQ Technologies Inc. on November 20 2019. The company offers a proprietary software platform branded as CyberloQ which provides multi factor authentication to protect digital assets and prevent unauthorized transactions. In addition the company markets TurnScor a web based credit monitoring tool that lets consumers view and manage their credit reports from home. The firm also provides CyberloQ Vault a cloud based security service for sending and receiving encrypted data without relying on traditional email. The business currently employs two full time staff members its president and vice president and is guided by a board of advisors drawn from banking business development and technical fields. The board does not hold decision making authority but offers strategic guidance as the company advances its product roadmap. CyberloQ Technologies Inc. operates as a development stage issuer meaning it has not yet generated significant revenue from its core activities. The company continues to refine its technology through pilot programs and partnerships with select financial institutions. Its primary goal is to achieve broad adoption of its authentication and credit monitoring solutions across the banking ecosystem.

Revenue is generated mainly through licensing of the CyberloQ platform to banks and payment processors. Clients pay an upfront fee for integration and ongoing royalties based on transaction volume or active user count. The TurnScor service is offered on a subscription basis where consumers pay a monthly fee for access to credit scores and monitoring alerts. Institutional clients can also purchase TurnScor as a white label solution to provide added value to their own customers. CyberloQ Vault generates revenue through per transaction charges for secure data exchanges and through annual service contracts for institutional users. The company may also receive fees for custom development work and technical support associated with its platforms. Sales cycles tend to be lengthy due to the need for security reviews and compliance checks within the financial sector. The firm relies on a direct sales force and strategic partnerships to reach potential customers. As a development stage enterprise the company has not yet disclosed detailed financial results but indicates that early stage agreements are beginning to produce modest income. Management expects revenue growth to accelerate as more institutions adopt its multi factor authentication and credit monitoring suite.

CyberloQ Technologies Inc. operates in the competitive field of digital security and fraud prevention. The market for multi factor authentication solutions includes well known players such as RSA SecureID Duo Security Ping Identity Okta and Microsoft Azure Active Directory. These firms offer hardware tokens mobile push notifications and biometric verification to protect online accounts. In the credit monitoring arena the company faces competition from major credit bureaus and specialized fintech firms that provide credit score access and identity theft protection. Despite the presence of established rivals CyberloQ Technologies Inc. differentiates itself through its proprietary authentication protocol that links a user’s smart phone to specific transaction controls. The technology does not rely on traditional passwords or one time codes instead it uses device location and biometric checks to authorize access. Another advantage is the integration of credit monitoring with authentication allowing banks to offer a combined security and financial wellness service to their clients. The cloud based vault feature adds a layer of secure communication that is rare among typical MFA providers. The firm’s small size and development stage status enable it to be agile and responsive to partner feedback. Management believes that its focus on the banking ecosystem and its ability to tailor solutions to specific institutional needs give it a competitive edge.

The company serves a range of financial institutions including banks credit unions payment processors and fintech companies. These organizations use CyberloQ to secure customer transactions and to meet regulatory requirements for strong authentication. TurnScor is aimed at individual consumers who wish to monitor their credit health from the privacy of their own homes. Institutional clients may also offer TurnScor as a value added service to their own customer base thereby increasing engagement and loyalty. CyberloQ Vault is utilized by entities that need to exchange sensitive documents such as loan agreements or compliance reports without relying on conventional email. The firm has not disclosed specific names of its customers in the public filing. Its client list is understood to be composed of domestic and possibly international financial service providers. Sales efforts are concentrated in North America with exploratory discussions occurring in select European markets. The company’s board of advisors includes professionals from the banking sector who assist in identifying potential partners and refining product offerings.