Transmit Security, the leader in customer identity and access management, today announced it has received the Morgan Stanley 2026 Innovation Award, presented at the Firm’s 24th annual Tech Week in Silicon Valley.

For more than two decades, Morgan Stanley has recognized technology companies whose capabilities have materially contributed to the Firm’s technology strategy and modernization. The award was presented by Morgan Stanley technology leadership at the Tech Week reception in Menlo Park, California on September 29. Rakesh Loonkar, President & Co-Founder, accepted the award on behalf of Transmit Security.

“We have a long history of collaboration with Transmit Security and it continues to grow because they combine deep expertise with genuine innovation,” said Julio Caraballo, Global Head of Identity & Access Management, Morgan Stanley. “As client expectations and the technology landscape continue to shift, especially toward AI-driven and agentic interactions, we value working with companies who are thinking seriously about, and building for, what comes next. Transmit Security has consistently supported our vision of reduced friction with a commitment to security.”

Morgan Stanley’s Tech Week brings together technology and business leaders from across the Firm with industry leaders, venture capital investors, and emerging technology companies to advance innovations that support the Firm’s strategic objectives.

“Better security and less friction have never been a trade-off for us, and that principle is what carries into agentic AI and the future of banking,” said Rakesh Loonkar, President & Co-Founder, Transmit Security. “Recognition from Morgan Stanley, after years of close collaboration, is an honor, and we look forward to supporting them and their clients as the landscape continues to evolve.”

Among its recent recognitions, Transmit Security is a Leader in the 2025 Gartner Magic Quadrant for Access Management, a Leader in the Forrester Wave: Customer Identity and Access Management, and a Leader in the 2026 KuppingerCole Leadership Compass for Identity Verification.

About Transmit Security

Transmit Security provides customer and workforce identity authentication for the world’s most demanding institutions. Leading banks, insurers, and retailers use Transmit Security to authenticate identities, reduce unnecessary friction, and build the secure infrastructure for the agentic economy.

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