Philippines-based BancNet secures its mobile banking services with Gemalto's strong authentication
(Thomson Reuters ONE) -
Amsterdam, May 19, 2015 - Gemalto (Euronext NL0000400653 GTO), the world leader
in digital security, has been selected by BancNet to secure its mobile banking
services. BancNet is a Philippines-based interbank network of 116 local and
international banks, serving over 40 million cardholders. Gemalto's Ezio
Authentication Server and Mobile token will allow BancNet customers to pay their
bills, check account balance, and transfer funds from their accounts with any
member bank, using their computers and mobile devices to perform dynamic, multi-
layer authentication and transaction verification.
The Philippines is an archipelago of over 7100 islands, with a population of
100 million. According to Citi Fin-Q 2013[1], 92% of Filipinos polled would like
to 'take their banking with them' and be able to access all their finances on
the go. This solution, which will enhance the present system of BancNet's
banking website[2], will enable stronger user-authentication through mobile
phones, tablets, and other computer devices.
The Ezio Authentication Server is a token-agnostic solution that supports all
leading authentication technologies[3], offering BancNet increased flexibility
in selecting the most appropriate solution for their customers. It is also
compatible with all open standards, enabling easy integration with BancNet's
legacy systems.
"We chose Gemalto because they are a leader in user authentication, with a
proven track record in the Philippines," said Aristeo Zafra, Jr., BancNet
General Manager and Chief Operations Officer. "Their solution will enable our
customers to access their bank accounts using mobile devices as their primary
authentication device, with a greater sense of security. They would not need to
carry or register multiple tokens."
"In Philippines, 88% of the total mobile Internet population is under the age of
35[4]. With smartphone penetration expected to triple to 50% by 2015, BancNet
has an enormous opportunity to tap into this enthusiastic generation," said
Michael Au, President South Asia and Japan at Gemalto. "Our future-proof
solution will enable BancNet to offer exciting features that will attract and
retain this segment of customers."
About Gemalto
Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security,
with 2014 annual revenues of ?2.5 billion and blue-chip customers in over 180
countries.
Gemalto helps people trust one another in an increasingly connected digital
world. Billions of people want better lifestyles, smarter living environments,
and the freedom to communicate, shop, travel, bank, entertain and work -
anytime, everywhere - in ways that are enjoyable and safe. In this fast moving
mobile and digital environment, we enable companies and administrations to offer
a wide range of trusted and convenient services by securing financial
transactions, mobile services, public and private clouds, eHealthcare systems,
access to eGovernment services, the Internet and internet-of-things and
transport ticketing systems.
Gemalto's unique technology portfolio - from advanced cryptographic software
embedded in a variety of familiar objects, to highly robust and scalable back-
office platforms for authentication, encryption and digital credential
management - is delivered by our world-class service teams. Our 14,000 employees
operate out of 99 offices, 34 personalization and data centers, and 24 research
and software development centers located in 46 countries.
For more information visit www.gemalto.com, www.justaskgemalto.com,
blog.gemalto.com, or follow (at)gemalto on Twitter.
Gemalto media contacts:
Nicole Williams Vanessa Viala Vivian Liang
North America Europe & CIS Greater China
+1 512 758 8921 +49 89 210 299 129 +86 1059373046
nicole.williams(at)gemalto.com vanessa.viala(at)gemalto.com vivian.liang(at)gemalto.com
Ernesto Haikewitsch Kristel Teyras Pierre Lelievre
Latin America Middle East & Africa Asia Pacific
+55 11 5105 9220 +33 1 55 01 57 89 +65 6317 3802
ernesto.haikewitsch(at)gemalto.com kristel.teyras(at)gemalto.com pierre.lelievre(at)gemalto.com
--------------------------------------------------------------------------------
[1] http://www.sunstar.com.ph/manila/business/2013/04/03/citi-survey-online-
banking-users-rise-275769
[2] www.bancnetonline.com
[3] This includes Challenge/Response, Out of Band, Dynamic Signatures, and
transaction signing methods such as OATH, OCRA and EMV/CAP/DPA.
[4] https://ondeviceresearch.com/blog/philippines-mobile-internet-trends
Press release (PDF):
http://hugin.info/159293/R/1922211/689052.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Gemalto via GlobeNewswire
[HUG#1922211]
Unternehmensinformation / Kurzprofil:
Datum: 19.05.2015 - 07:02 Uhr
Sprache: Deutsch
News-ID 394113
Anzahl Zeichen: 5969
contact information:
Town:
Meudon
Kategorie:
Business News
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