Leading authentication provider, Entersekt, today announced that FirstBank has selected Entersekt's multi-factor authentication product, Transakt, to enhance the security of its mobile banking application. Headquartered in Lakewood, Colorado, FirstBank is the largest locally-owned bank in the Centennial State with $15.6 billion in total assets. It also has a growing number of branches in Arizona and California.
FirstBank will integrate the Transakt Software Development Kit (SDK) into its mobile banking application to provide a seamless, one-touch authentication experience that is fully compliant with FFIEC and international regulatory guidance on out-of-band, multi-factor authentication.
Instead of relying on inadequate device fingerprinting and antivirus technology, Transakt uses digital certificates and proprietary validation techniques to uniquely identify each enrolled mobile phone or tablet and convert it into a trusted second factor of authentication. Digital certificates are also used for transaction signing and to establish a trusted channel between the mobile device and bank over which mutually-validated authentication requests and responses travel.[Full Story.]
Security / I T in Banking
FirstBank chooses Entersekt to boost mobile banking security
Last updated: 10 February 2016
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