Backbase and Entersekt establish a partnership on authentication capabilities

Issued by Entersekt
Cape Town, 30 Aug 2016

Backbase will make Entersekt's authentication capabilities available on the Backbase Open Banking Marketplace, to offer banks push-based authentication and transaction signing integrated in the Backbase Omni-Channel Digital Banking platform.

Summary

Backbase, the omni-channel digital banking market leader, and Entersekt, a transaction authentication and mobile security specialist, have partnered to deliver state-of-the-art authentication technology that delivers an intuitive, no-fuss customer experience.

With this partnership, Backbase will offer Entersekt's push-based software for authenticating payments and other high-risk transactions through the Open Banking Marketplace (marketplace.backbase.com), so that clients of Backbase can easily select the authentication solution that best meets their needs. The Backbase Open Banking Marketplace is an online marketplace through which numerous best-of-breed fintech applications can be integrated in a Backbase-powered bank. Entersekt's technology is already proven to work with Backbase software through multiple implementations, including Swisscard in Switzerland.

"Entersekt shares Backbase's vision of frictionless, on-the-go and always-on digital banking. With this partnership, we believe we can help banks fast track their future by enabling digital services that would be considered too risky or unfeasible using a channel other than the branch," said Dewald Nolte, Entersekt's SVP Partners and Alliances. "With Entersekt's authentication and app security technology, they can make the most of mobile's unparalleled potential for convenient self-service, personalisation and customer engagement."

"With the Open Banking Marketplace, Backbase has the vision of offering best-of-breed fintech point solutions to our customers, seamlessly integrated in the overall Backbase Digital Banking platform," said Jouk Pleiter, CEO and Co-Founder of Backbase. "The focus is on creating frictionless customer journeys for our end-customers. Entersekt's products fit this vision, because it offers easy to use, rock solid security perfectly integrated with our platform. We're happy with this partnership because, by adding solutions like Entersekt's to our platform, we can speed up innovation and deliver to our customers the best that's available in the fast-moving fintech field."

Entersekt

Entersekt is an innovator in push-based authentication and app security. The company's one-of-a-kind approach harnesses the power of digital certificate technology with the convenience of mobile phones to provide financial services companies and their customers with full protection from online fraud. Built on open technologies for high availability, scalability, and simple integration, Entersekt's patented security products protect millions of devices and transactions daily, while complying with the world's most stringent regulatory guidelines. Enterprises across the globe look at Entersekt to strengthen the bond of trust they share with their customers, and to build on those relationships by introducing compelling, user-friendly new mobile and online services. For more information on Entersekt, visit www.entersekt.com.

Backbase

Backbase is on a mission to empower financial institutions to accelerate their digital transformation and effectively compete in a digital-first world.

It is proud to be the creator of the Backbase Omni-Channel Banking Platform, a state-of-the-art digital banking software solution that unifies data and functionality from traditional core systems and new fintech players into a seamless digital customer experience. It gives financials the speed and flexibility to create and manage seamless customer experiences across any device, and delivers measurable business results. It believes that superior digital experiences are essential to stay relevant, and its software enables financials to rapidly grow their digital business.

More than 70 large financials around the world have standardised on the Backbase platform to streamline their digital self-service and online sales operations across all digital touchpoints. Its customer base includes Al Rajhi Bank, ABN AMRO, Barclays, CheBanca!, Credit Suisse, Fidelity, Hapoalim, Hiscox, ING, KeyBank, Legal & General, NBAD, OTP, PZU, PostFinance, Societe Generale de Banque au Liban and Westpac.

Industry analysts Gartner, Forrester and Ovum recognise Backbase as an industry leader in terms of omni-channel banking platform capabilities, and award the company high marks for its deep focus on customer experience management and unparalleled speed of implementation. Forrester named it a leader in the Forrester Wave for Omni-Channel Banking.

Backbase was founded in 2003, is privately funded, with headquarters in Amsterdam (HQ Global) and Atlanta (HQ Americas), and regional operations in London, Mumbai and Singapore. For more information on Backbase, visit www.backbase.com.

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