Strong Customer Authentication Solutions

  If you are a business person and have not yet connected to the eKYC portal , you should consider doing so. Financial firms are connecting to local e-KYC utilities. There are a wide range of benefits that financial institutions can realize by accessing an e-KYC utility. The following are some of the reasons why financial institutions are engaging with a local e-KYC utility. First of all, getting connected to your local eKYC portal will lead to significant operational efficiencies as well as cost savings. eKYC utilities can reduce costs by enabling banks to standardize and automate technology, processes, data as well as the organizational models. They can also harmonize organizations, rationalize systems and reduce duplication and inefficient processes. With the help of an e-KYC utility, financial service firms can expect to avoid repetitive onboarding processes and reviews, because the work has already been done by other service providers. The data is already stored centrally and ...

  FIDO2 creates a simple way for enterprises as well as developers to give their customers simple, secure, passwordless authentication. The FIDO Alliance achieved FIDO2 certification in 2019 for its Authentication/Privacy Platform. Now, developers can offer their customers a simple way to eliminate traditional logins and passwords with secure biometric authentication across smartphones, tablets, tablets and PCs. FIDO2 is a set of standards that enables easy and secure logins to websites and applications via biometrics, mobile devices and/or FIDO Security Keys. The simpler login experiences of FIDO2 are backed by strong cryptographic security that is far superior to passwords, protecting users from phishing, all forms of password theft as well as replay attacks. Emerging regulatory trends like General Data Protection Rights (GDPR) and California Consumer Privacy Act (CCPA) are forcing organizations to comply with increased privacy protection rights for end-users. FIDO2 helps enterpr...

  It is without doubt that employees are an important part of any organization. But sadly, a lot of the security issues arise due to employee negligence and errors. A common mistake that many employees make is using weak passwords. If you feel like using passwords is putting your business data and systems at risk, you could switch to passwordless authentication UX . This is a process that verifies the identity of a user with something other than a password. It strengthens security by eliminating password management practices and the risk of threat vectors. So, why should you use passwordless authentication in your business? Credential theft and password misuse are on the rise. As a result, companies are heading towards passwordless authentication with the aim of addressing the failure of passwords and protecting access to data, systems and networks. For enterprises, the need for passwordless authentication is very important especially in this digital age. It also minimizes the havo...

  You are probably whether digital signature technology is something that you can benefit from in your business. With this technology, you can optimize your workflow and management processes. A digital signature API will allow you to collect signatures for agreements, deals, and contracts or legal documents directly on your website or product. You can integrate a secure, trusted digital signature API in order to sign documents, request electronic signatures, automate the forms and data, and speed up the signing process. It is also possible to perform multi-factor authentication and download the sealed documents while also tracking the status of the documents in real-time, right from a website or your app. There are various good reasons why using digital signature technology is a good idea. One of the reasons is that it leads to enhanced document security and safety. In the office, your paper documents may not be as secure and safe as you may think. The documents can be stolen, des...

  If you are not yet using digital identity verification in your business, it is something that you should definitely consider giving a try. With the world becoming increasingly digital, it is important that you stay up to date with this trend. To do this, there are many different areas as well as processes to adopt, adapt to, and embrace moving forwards. If you require a high level of security and privacy for your customers, digital identity verification can be an invaluable part of the process. Additionally, this type of verification has extensive and necessary benefits for those who want to implement the technology. So, what exactly is digital identity verification? If you are a business owner and have not yet embraced this aspect of digitalization, you may not be entirely sure what it is or what it involves. Digital identity verification refers to the process of validating who someone is through digital means, for instance through a real-time photo or video. While this sounds ...

  With many transactions being conducted online these days, digital wallets are becoming very common.    A digital wallet is a mobile app that stores credit card and bank account information. It can be used to make both online and in-store purchases. Digital wallet eliminate the need to carry a physical wallet full of cash and credit cards to make purchases. They are growing in popularity all over the world because they are easier to use and more secure compared to traditional payment methods. Some are predicting that digital wallets will replace cash and credit cards very soon. A digital wallet may be what you need if you ever get tired of having to dig a credit card out of a wallet or count out cash. This technology is also ideal if you worry about having your information stolen when you swipe a card or not having enough cash on hand. A simple definition of a digital wallet would be an electronic payment system that allows users to securely store credit card and b...

  A lot of people nowadays are using digital wallets to keep their money or transact online.    A digital wallet is simply an electronic version of payment cards and accounts. Since the time when the world was hit with the coronavirus pandemic, mobile payment apps have become very popular. United States users jumped from 38% to 55% of smartphone owners in 2020 because they are more convenient and secure for many consumers. They also help serve an important population, which includes the unbanked and underbanked.  The following are some of the advantages of digital wallets. First of all, digital wallets can help to reduce fraud. The data that is stored in digital wallets is encrypted, meaning your actual card account numbers are not transmitted while making a payment. These wallets use random payment codes that cannot be reused and often rely on certain security features, such as biometrics, to authorize a payment. Moreover, your full card account number is not ...