November 3, 2016 -
FirstBank, Colorado’s second largest bank, has launched its updated iOS mobile banking application with fingerprint biometrics capability and authentication from Entersekt.
FirstBank has integrated Entersekt’s security product, Transakt, to provide a 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.
“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.”
“We are thrilled to partner with Entersekt to provide Touch ID enabled service for customers,” said Jim Reuter, chief operating officer at FirstBank. “This will make mobile banking more convenient without compromising security, which is the utmost importance to us. FirstBank is continually investing in the best technology advancements, so our customers can bank from anywhere and know their information is protected.” The bank intends to extend biometrics capabilities to its Android app in the near future.
The Entersekt technology supports fingerprint-based authentication using Apple’s Touch ID and Android Marshmallow devices, both at login and to secure individual sensitive transactions.