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mydesq integrates Encap Security’s smarter authentication platform


Encap Security announced that financial technology firm mydesq will integrate Encap’s Smarter Authentication platform into its next generation wealth management solution.

mydesq provides wealth managers with a next generation workbench allowing them to improve their service to clients, provide an improved client experience, comply with regulations and boost their productivity.

Using mydesq, wealth managers can register clients quickly and easily, attain a deep understanding of their clients’ needs, and access all of the necessary information to create personalized investment recommendations.

Additionally, the wealth management solution allows managers to monitor investments and communicate securely with the clients online.

Encap’s Smarter Authentication platform enables financial institutions to adopt current and future authentication methods and deploy them in combination to create a solution that is best suited to the context of use.

The platform transforms any device into a security credential, eliminating the need for SMS codes and hardware such as tokens and SIM-cards.

mydesq’s wealth management solution offers an improved user experience that uses various native device-based methods including one-touch access via Apple Touch-ID; avoids context switching to ensure that users don’t have to leave the application to copy and paste a code; delivers a consistent experience by using the same method of authentication across mobile, web, call centre and branch; and benefits from Encap’s PKI key-generation technology to provide legally binding digital e-signatures to their customers.

“Our aim with Smarter Authentication is to create a better relationship between customers and their banking applications, but our partnership with mydesq opens up a new front in the battle against bad authentication,” said Thomas Bostrøm Jørgensen, CEO, Encap Security. “It’s important for financial institutions to invest in their internal processes, as well as their customer-facing applications, in order to become truly digital, omnichannel organizations.”

Previously reported, Encap Security formed an advisory board comprised of digital banking expert Paal Kaperdal, mobile banking leader Roy Vella, and financial security veteran Stephen R. Katz.

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