Mobile app security and authentication leader, Entersekt, today announced that FirstBank has launched its updated iOS mobile banking application with fingerprint biometrics capability and authentication from Entersekt. FirstBank is Colorado's second-largest bank and the third-largest privately held bank in the nation.
FirstBank has integrated Entersekt's security product, Transakt, to provide a seamless, one-touch authentication experience leveraging Touch ID. The product pairs fingerprint biometrics with a second factor of authentication, giving added security to mobile banking customers. Registered FirstBank customers can log into the app on their Apple iPhone by simply scanning a fingerprint instead of inputting a password.
"Biometrics make a convenient substitute for passwords, the knowledge factor everyone loves to hate, but the factor of possession remains a key element of any strong authentication regime," said Gerhard Oosthuizen, Entersekt's chief information officer, who pointed to bank cards as a classic example of a possession factor. "With Transakt, the mobile device is uniquely identified with a digital certificate downloaded to the bank's mobile app. Transakt essentially transforms the device into a trusted second factor of authentication."[Full Story.]
Security / I T in Banking
FirstBank further secures its mobile app with Touch ID, Entersekt
Last updated: 2 November 2016