Cathay United Bank deploys Gemalto’s mobile-based authentication solution to secure online banking in Taiwan
AMSTERDAM, Netherlands, Sept. 14, 2016 (GLOBE NEWSWIRE) — Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, supports Cathay United Bank, a leading bank in Taiwan, in securing its online banking services. Gemalto’s Ezio Mobile suite1 enables CUB’s customers to securely access their bank’s services from their PCs, tablets, and smartphones, using their mobiles as authentication device. As a result, CUB is able to offer an enhanced user experience to its customers, save costs, and meet a new government regulation requiring Two-Factor Authentication (2FA)2. Gemalto will also provide support and maintenance services for smooth deployment of the solution.
Taiwan has a high smartphone penetration of 88% with over 16.4 million users in 2015. The ubiquity of smartphones is changing consumer behavior, with people preferring to use phones instead of traditional tokens, for online authentication. Gemalto’s solution, which replaces CUB’s SMS-based system, allows users to enjoy the convenience of online banking, with security and ease.
The Ezio Mobile suite provides secure software that transforms mobiles into strong two-factor devices, generating One Time Passwords and transaction signatures for authentication across all banking channels. It also delivers push notifications and authorization requests for Out-of-band authentication3. The mobile offering is further strengthened with a SafeNet Hardware Security Module at the backend to secure sensitive data.
“Consumers are increasingly moving towards mobile banking, with smartphone as the key device in their possession,” said Suzanne Tong-Li, President for Greater China and Korea at Gemalto. “With a broad portfolio of mobile-based solutions, we can support CUB in deploying their digital banking vision for maximum customer reach.”
Gemalto provides its mobile authentication solution to CUB through its partner E-Secure Technologies.
Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2015 annual revenues of €3.1 billion and customers in over 180 countries. We bring trust to an increasingly connected world.
Our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.
Gemalto’s solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software – enabling our clients to deliver secure digital services for billions of individuals and things.
Our 14,000+ employees operate out of 118 offices, 45 personalization and data centers, and 27 research and software development centers located in 49 countries.
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1 Includes a complete suite of servers for mobile enrolment and provisioning, authentication and messaging.