DULLES, Va., Oct. 23, 2018 /PRNewswire/ — Giesecke+Devrient Mobile Security, a market leader in mobile identity management, is already working with Samsung SDS to provide a FIDO (Fast Identity Online) compliant mobile authentication solution in the European market and this will now be extended to cover North America. Its Convego® Mobile Authentication solution uses multi-factor authentication to deliver very high levels of security for banks and their end customers by verifying the user’s identity and securely managing those credentials throughout its lifecycle.
Convego® Mobile Authentication is powered by Samsung SDS Nexsign software and is a cost-effective and easy to implement solution, which relies on the user’s biometrics, such as fingerprint, face, and voice credentials, and optionally the bank’s issued EMV card, to grant access to mobile banking services. Supporting the strong customer authentication requirements of the Payment Services Directive (PSD2) in Europe, this is also the first FIDO compliant solution that has been certified by both FIDO and Common Criteria.
This mobile authentication implementation has some key and unique features to help combat fraud, such as ‘liveness detection’ during biometric recognition and ‘screen blurring’ when viewing sensitive information if another face enters the screen viewing area. The solution also offers a secure, mobile one-time password feature which removes the dependency on additional hardware tokens.
User identity is verified by a combination of current biometric options, including facial, iris, fingerprint, and voice recognition, and the solution is designed to accommodate additional authenticators that may be developed in the future. G+D Mobile Security has added an option to authenticate using the user’s existing contactless EMV card to enhance security for higher level transactions.
“We are excited to extend the partnership with Giesecke+Devrient into the North American market. Samsung SDS’s Nexsign platform for biometric authentication coupled with G+D’s expertise in both mobile security and financial services establishes a very powerful partnership capable of delivering a unique and versatile security solution that meets the needs of customers, banks and regulators alike,” says Mingu Lee, Senior Vice President, Mobile B2B business of Samsung SDS America.
“G+D Mobile Security continues to drive innovative solutions, helping to balance convenience and security for users, and we are very excited to extend the current agreement with Samsung SDS into the North American market,” says Edgar Salib, President and Americas Regional Head of G+D Mobile Security. “Working with Samsung SDS allows us to meld our world class expertise together to deliver a mobile authentication solution that takes convenient security to a new level.”
About G+D Mobile Security
G+D Mobile Security is a global mobile security technology company headquartered in Munich, Germany. The company is part of the Giesecke+Devrient group. G+D Mobile Security has a workforce of 5,700 employees and generated sales of approximately EUR 812 m in the 2017 fiscal year. More than 40 sales and partner offices as well as 20+ certified production and personalization sites and data centers ensure customer proximity worldwide.
G+D Mobile Security manages and secures billions of digital identities throughout their entire life cycle. Our products and solutions are used by commercial banks, mobile network operators, car and mobile device manufacturers, business enterprises, transit authorities and health insurances and their customers every day to secure payment, communication and device-to-device interaction. For more information, please visit: www.gi-de.com/mobile-security.
About Samsung SDS America
Samsung SDS America (SDSA) is the U.S. subsidiary of Samsung SDS, an $8 billion global software solutions and IT services company. SDSA helps organizations optimize their productivity, make smarter business decisions, and improve their competitive positions in a hyper-connected economy using our enterprise software solutions for mobility, security and advanced analytics.
Source: PR Newswire