Olivier Thirion de Briel
Business development, marketing, telecommunications, data analytic, media, product manager, strong authentication, B2B, B2C
HID Global, globally renowned provider of trusted identity solutions, has announced advancements of its banking offerings with its new HID Authentication Service. The solution enables existing financial institutions and new digital startups to better facilitate secure digital banking transactions. The HID Authentication Service, which is a trusted identity platform, is on display at the Temenos Community Forum (TCF) event in The Hague, Netherlands, April 2nd to April 4th, 2019. HID Authentication Service HID Authentication Service includes interoperable APIs to allow for standard integrations with third-party software As the top-selling Temenos MarketPlace provider for 2018, HID Global is unveiling new capabilities with the HID Authentication Service to further improve integration with the T24 core banking platform and extend authentication services to the Temenos Internet Banking (TCIB), Mobile Banking (TCMB), and User Administration (TCUA) modules. The HID Authentication Service includes interoperable APIs to allow for standard integrations with third-party software, while also setting customers up for easy scalability, testing and deployment of the multi-tenant HID Authentication Service. HID Risk Management Solution The HID Risk Management Solution (RMS), a real-time risk profiling technology that protects financial transaction systems and banking applications against cybercriminals, is offered as part of the same suite of cloud services. “The global digital banking market is expected to reach nearly $9 trillion (USD) by 2025, and this expansion is driven by the opportunity to provide new services in new markets,” said Ben Robinson, Temenos Chief Strategy Officer & Head of MarketPlace. Cloud-first security strategy Ben adds, “A ‘cloud-first’ security strategy that easily integrates with Temenos’s T24 banking software is not only desirable for speed-to-market and flexibility, but is also a requirement for compliance in many cases.” A growing regiment of regulations, including GDPR, PSD2 and the Hong Kong Monetary Authority virtual bank guidelines, require multifactor authentication for banking and financial service transactions. Cloud authentication services Cloud authentication services enable banks to deliver the necessary levels of security, convenience and compliance Cloud authentication services enable banks to deliver the necessary levels of security, convenience and compliance for user access. The ISO27001-certified HID Authentication Service provides a secure audit trail of actions and events, including ‘who did what, when’, so that banks can demonstrate compliance and pass audit requirements. “By migrating to the cloud for identity and access management, banks are able to focus on their core business and devote more time and resources to delivering better banking solutions,” said Olivier Thirion de Briel, Global Solution Marketing Director for Financial Institutions, IAM Solutions, with HID Global. Olivier adds, “The innovation in IAM cloud services that HID is bringing to the banking industry creates a user experience that adds value to consumer banking offerings, aligned to the digital growth goals and customer satisfaction priorities of a bank.” Temenos Community Forum HID Global is showing the HID Authentication Service solution at the Temenos Community Forum (TCF) in The Hague, Netherlands this week. Visitors can see demos and discuss how HID’s cloud-first, API-first approach will strengthen their digital banking security.
HID Global, a global provider of trusted identity solutions, is at the Temenos Community Forum 2018 Conference this week showcasing the company’s work with its growing ecosystem of fintech partners. This includes collaborating with fellow Temenos partner Fiorano Software to enable a variety of new data-driven and more customer-centric financial services that deliver a seamless user authentication experience. “The fintech revolution is accelerating innovation and creating exciting new services that require customer data to be more accessible, yet better protected than ever before,” said Olivier Thirion de Briel, Global Solution Marketing Director - Financial Institutions, IAM Solutions, HID Global. “These services will be under unprecedented regulatory scrutiny, and HID Global is working with some of the industry’s top banking solution providers to add the critical authentication and compliance capabilities that bring trust to transactions while improving the customer experience.” HID Trusted Transactions Solution made of the addition of HID Risk Management Solution and HID Global’s Multi-Factor Authentication portfolio, allows customers to strengthen security HID Trusted Transactions Solution As financial institutions comply with ‘open banking’ requirements to make their customer account information and payments available to fintech firms via their APIs, offerings like HID Global’s award-winning HID Risk Management Solution enable them to confidently embrace new service innovation opportunities. HID Trusted Transactions Solution made of the addition of HID Risk Management Solution and HID Global’s Multi-Factor Authentication portfolio, allows customers to strengthen security ‘silently’, without inconveniencing users. With this and other solutions, HID Global is collaborating on a wide variety of new fintech products with partners like Fiorano Software. Using data intelligence for protecting data Fiorano Software, a Silicon Valley corporation, is a trusted provider of Digital Business Backplane, Enterprise Integration Middleware, API Management and a PSD2 solution. Fiorano’s API management solution, coupled with HID Global’s Trusted Transactions Solution, offers a turnkey solution for banks and third-party providers to ensure PSD2 compliance. HID Global brings to the solution frictionless and adaptive authentication that uses data intelligence to protect consumer data used by third parties. HID Global has also created a rapid-response support organisation for banks and financial service providers that leverages its experience combatting digital banking threats and streamlining regulatory compliance across evolving use cases. This team helps customers build sustainable success strategies for an open banking era in which financial institutions now have the opportunity to become the central point of trusted identification and authentication in today’s digitally connected world. HID Global’s offering includes multi-factor authentication products that protect users’ IDs, transactions, devices and accounts Multi-factor authentication products HID Global’s offering includes multi-factor authentication products that protect users’ IDs, transactions, devices and accounts, as well as solutions for secure credential management and digital signing and encryption. Deployment is simplified with a Software Development Kit (SDK) and by leveraging cloud deployment that enables customers to integrate new capabilities into their existing bank apps. All solutions are designed to provide flexible policy customisation, robust security and data analytics while creating an audit trail for PSD2, General Data Protection Regulation (GDPR) and other compliance. HID will demonstrate HID Approve from May 22-24, 2018, in Booth #13 at The Convention Center Dublin (CCD) in Dublin, Ireland.