Latin America. HID Global integrated its ActivID authentication platform with the Temenos T24 Core Banking solution, leveraging the Temenos MarketPlace app.
HID Global and Temenos have worked together for more than 10 years to deliver secure digital banking solutions, with multi-factor authentication, to the world's leading financial institutions. The latest release offers a standard integration for mobile banking and Internet channels, which is part of Temenos Front Office Suite, a digital interaction platform. The integration can be easily accessed through the Temenos MarketPlace app and implemented according to established guidelines for accessing the benefits of the technology.
The ActivID authentication platform enables secure multi-factor authentication and transaction signing for online banking customers using Temenos T24 Core Banking. This integration reduces time to market as well as development costs. Thus, the implementation of a security solution for digital banking becomes more agile and less complex.
The ActivID authentication platform allows financial institutions to perform inexpensive user authentication proportional to the inherent levels of risks. ActivID and HID Approve™ allow the signing of out-of-band transactions using mobile devices, taking advantage of the "automatic notification" functions of such devices. In combination with HID® Risk Management Solution, named the most innovative product by Cyber Security Discovery at the RSA 2018 conference, HID Global offers an advanced authentication solution according to risk levels and that makes use of data intelligence.
The ActivID® authentication platform, preconfigured as a standard integration with Temenos T24 Core Banking for easy deployment, enables:
- • One-step user provisioning: Automatic user credential lifecycle management with one- or multi-factor authentication when new users are added, suspended, or removed from Temenos T24 Core Banking screens.
- • Easy device provisioning: User enrollment of Temenos internal banking and mobile banking channels is part of the Temenos Front Office Suite.
- • Various authentication methods: from the conventional username and password, to one-time password, through HID Approve™, a simple and secure way to validate transactions and authentications through automatic notifications.
Temenos is the global leader in banking software, working hand in hand with banks and other financial institutions to transform their businesses and stay ahead of the curve in an ever-changing marketplace. More than 3,000 financial institutions rely on Temenos to process their daily transactions.
HID Global has one of the broadest portfolios of ID and access management products and services, including but not limited to multi-factor authentication, threat and fraud detection, access and physical ID management, credential management, digital signature and digital encryption.
