|
| Tuesday, 19 May 2015, 13:00 HKT/SGT | |
| |  | |
Source: Gemalto NV | |
|
|
|
AMSTERDAM, May 19, 2015 - (ACN Newswire) - 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."
[1] http://bit.ly/1FvEACt
[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
About Gemalto
Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security, with 2014 annual revenues of EUR 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 @gemalto on Twitter.
Gemalto media contacts:
Nicole Williams
North America
+1 512 758 8921
nicole.williams@gemalto.com
Vanessa Viala
Europe & CIS
+49 89 210 299 129
vanessa.viala@gemalto.com
Vivian Liang
Greater China
+86 1059373046
vivian.liang@gemalto.com
Ernesto Haikewitsch
Latin America
+55 11 5105 9220
ernesto.haikewitsch@gemalto.com
Kristel Teyras
Middle East & Africa
+33 1 55 01 57 89
kristel.teyras@gemalto.com
Pierre Lelievre
Asia Pacific
+65 6317 3802
pierre.lelievre@gemalto.com
Topic: New Service
Source: Gemalto NV
Sectors: Media & Marketing, Cloud & Enterprise, CyberSecurity, IT Individual, Wireless, Apps
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| Gemalto NV |
| Jan 16, 2018 14:00 HKT/SGT |
|
Gemalto and Ponemon Institute Study: Big gaps emerge between countries on attitudes towards data protection in the cloud |
| Jan 4, 2018 14:00 HKT/SGT |
|
Gemalto Launches the First Biometric EMV Card for Contactless Payments |
| Dec 17, 2017 15:00 HKT/SGT |
|
Thales and Gemalto Create a World Leader in Digital Security |
| Dec 14, 2017 14:00 HKT/SGT |
|
Gemalto Research Reveals Hardware Technology Companies See 11% Increase in Earnings Following Shift to Software-based Revenue Models |
| Dec 14, 2017 04:00 HKT/SGT |
|
Gemalto Rejects Unsolicited and Conditional Proposal by Atos |
| Dec 12, 2017 14:00 HKT/SGT |
|
Gemalto in the process of reviewing the unsolicited and conditional proposal by Atos |
| Dec 7, 2017 14:00 HKT/SGT |
|
Gemalto eSIM technology enables Always Connected experience for new Microsoft Surface Pro with LTE Advanced |
| Dec 4, 2017 14:00 HKT/SGT |
|
Gemalto Gives Google Cloud Platform Customers Flexible Encryption and Key Management Capabilities |
| Nov 28, 2017 14:00 HKT/SGT |
|
Majority of consumers would stop doing business with companies following a data breach, finds Gemalto |
| Nov 14, 2017 14:00 HKT/SGT |
|
Huawei and Gemalto team up to accelerate NarrowBand IoT deployments |
| More news >> |
 |
|
|
|
