Infosys Finacle, Onegini partnership to strengthen digital banking security

April 28, 2016 - 

Infosys Finacle and Onegini are partnering to integrate the Onegini mobile security platform with Finacle banking solutions, enabling secure mobile banking through advanced biometrics and multi-factor authentication.

The integration will allow banks to offer customers an option to select advanced authentication methods, including fingerprint, facial, eye and voice recognition as well as multi-factor authentication for added security as they transact on devices. The end-user will be presented different authentication methods depending on device, location and type of transaction.

Andy Dey, president of customer & operations at EdgeVerve, said, “A bank is no longer somewhere to go – you carry it with you. This offers a new level of convenience, but at the same time our customers demand secure solutions. Through this partnership, we aim to provide advanced security with convenience to customers.”

“Since we started the company, we have worked with many multinational enterprises in the financial industry,” said Denis Joannides, CEO, Onegini. “By combining EdgeVerve’s product capabilities and deep experience with global banks, we will further strengthen our combined offering to reach new markets and customers in the digital era.”

Finacle is a universal banking solution from EdgeVerve Systems, a wholly owned subsidiary of Infosys. Onegini is an international software company and focuses on security and user-friendly disclosure of personal data for the use in mobile apps.

A new Special Report from Biometrics Research Group, Inc. on “Biometrics and Banking” suggests that the financial services sector has emerged as a primary end-user market for biometrics technology worldwide.

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About Stephen Mayhew

Stephen Mayhew is the publisher and co-founder of Biometrics Research Group, Inc.. His experience includes a mix of entrepreneurship, brand development and publishing. Stephen attended Carleton University and lives in Toronto, Canada. Connect with Stephen on LinkindIn.