The bank has integrated Transakt, Entersekt’s security product, to provide a one-touch authentication experience leveraging Touch ID. The product couples fingerprint biometrics with a second factor of authentication, giving added security to mobile banking customers. With Transakt, the mobile device is uniquely identified with a digital certificate downloaded to the bank’s mobile app. The product essentially transforms the device into a trusted second factor of authentication.
This partnership will enable FirstBank to deliver convenient mobile banking services without compromising security. Biometrics make a convenient substitute for passwords, especially since the factor of possession remains a key element of any strong authentication regime. The bank intends to extend biometrics capabilities to its Android app in the near future.
Entersekt technology supports fingerprint-based authentication using Apple’s Touch ID and Android Marshmallow devices, both at login and to secure individual sensitive transactions.
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