SecurityWorldMarket

15/11/2019

HID partners to go live on banking ID solution

Austin, Tx

HID Global has collaborated with Temenos, a banking software company, to integrate HID’s risk-based authentication solution with Temenos Infinity, a breakthrough digital front office product, and Temenos T24 Transact, a next generation solution in core banking.

The joint offering, available on-premise or in the cloud, provides an agile, simplified path to secure digital banking, reducing the time and cost of delivering risk-based adaptive authentication, threat detection, and transaction signing on the Temenos platform. As part of the integration, HID Global’s authentication solution can now offer self-service functions to over 3,000 Temenos customers through Temenos Marketplace.

HID Global’s authentication solution for Temenos customers combines its Activ ID authentication platform with the HID Risk Management solution featuring real-time risk profiling technology. Also included is HID Approve, a next-generation multi-factor authentication solution for online and mobile banking customers that combines the security of public key-based cryptography and mobile-based out-of-band transaction signatures with the convenience of mobile push notifications.

“HID has partnered with Temenos for more than a decade to provide solutions for nearly 100 banks worldwide,” said Brad Jarvis, Vice President and Managing Director of Identity & Access Management Solutions (IAMS) with HID Global. “This latest collaboration streamlines banks’ ability to implement advanced user authentication services with Temenos Infinity and Temenos T24 Transact. The pre-configured integration makes it easier than ever for Temenos customers to deploy out authentication tools without any customized development.”

“As more and more customers bank through digital channels, incidents of fraud naturally increase, and the ramifications to both bank and consumer can be massive,” said Adam Gable, Product Director – Financial Crime Mitigation, Treasury and Risk, Temenos. “Banks need to protect their customers as well as retain them and improve trust. Using a combination of innovative technologies and techniques, HID’s risk-based authentication solution means customers benefit from improved security at the source of the financial transaction – the device."


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