Infosys Finacle teams with Onegini for digital banking
Anirban Dey, EdgeVerve
Infosys Finacle and software firm Onegini are partnering to integrate Onegini’s mobile security platform with Finacle banking solutions.
Using this solution, Infosys says banks can offer customers an option to select “advanced” authentication methods, including fingerprint, facial, eye and voice recognition as well as multi-factor authentication for “added security” as they transact on devices.
The end-user will be presented with different authentication methods depending on device, location and type of transaction.
Anirban Dey, president of customer and operations at EdgeVerve (Infosys Finacle is part of this company), says: “A bank is no longer somewhere to go – you carry it with you.”
Onegini is a software company that focuses on security and disclosure of personal data for use in mobile apps. It has offices in the Netherlands and Poland.
Are you for real?
The authentication area of the fintech industry has been fast moving for a while.
Recently, HSBC launched voice recognition and touch security services in the UK using US-based Nuance Communications’ technology. Customers of First Direct, a division of HSBC, were offered the biometric recognition system first, and will be followed by HSBC’s in the summer.
HSBC is not the first to do this as Barclays has already introduced voice recognition software to its corporate clients, while RBS and NatWest have offered fingerprint technology for the last year.
Atom Bank is also interested, and says: “We’re starting with face and voice biometrics, but we’re already working on adding fingerprint to the list.”
At Money 20/20 Europe in Copenhagen, biometric identity was discussed; and in an opinion piece, Tom Blacksell, at Experian, explores the pros and cons of biometric security.
