Entersekt, a provider of transaction authentication for financial institutions (FIs), has partnered with fintech company ebankIT to provide banking and credit union clients with advanced biometric authentication.
Through the partnership, Entersekt’s Context Aware Authentication capabilities will be integrated into ebankIT’s omnichannel digital banking platform.
The parties aim to deliver the option of advanced biometric authentication and protection for banks and credit unions against modern account takeover fraud schemes apart from lowering operational costs of contact centres.
Established in 2010, Entersekt delivers a single, cross-channel platform for secure and seamless Context Aware Authentication of customers and payments.
The company’s platform helps financial services institutions to address authentication requirements and optimise user experiences.
Context Aware Authentication offers the next generation of authentication to safeguard customers against modern attacks and changing account takeover fraud, automated clearing house (ACH) and wire fraud, device takeover fraud, and others.
Entersekt CEO Schalk Nolte said: “Forward-looking digital banking providers are recognising the evolving threats and financial impact of fraud on their institution and their customers.
“A core tenet of our go-to-market strategy is partnering with, and enabling, leading digital banking platforms like ebankIT with the most advanced authentication technologies on the market today.”
The partnership between the companies introduces a fully integrated solution which combines two disruptive technologies in the financial services space into one modern digital banking platform.
It will provide better user experiences and modern fraud protection for banks and credit unions across retail, commercial and small business customers.
ebankIT is an omnichannel digital banking platform designed to create an engaging digital experience. The platform is ready to integrate with any core system.
ebankIT CEO Renato Oliveira said: “ebankIT and Entersekt have a common vision of future-proofing digital banking capabilities for banks and credit unions.
“This partnership brings together two best-in-class providers under one advanced solution that offers unmatched digital capabilities and fraud protection to FIs around the world.”
