VASCO demonstrates selfie-based authentication solution at Finovate Europe
VASCO Data Security International is demonstrating a selfie authentication, fraud analysis and e-signature solution to more than 1,500 fintech innovators today at Finovate Europe 2017 in London.
The Smile & Sign solution leverages core pieces of VASCO’s DIGIPASS for Apps, a library of APIs that natively integrates application security, biometric authentication, risk analysis and the eSignLive mobile SDK.
“Consumer desire for convenience, ease of use and anytime, anywhere transacting is driving organizations to take a mobile-first approach to business,” said VASCO President and COO, Scott Clements. “Now organizations can adopt Smile & Sign to deliver that experience in a way that consumers want while delivering frictionless security in their mobile channels.”
Finaincial institutions can build Smile & Sign into an existing banking app to up sell to customers, enabling them to apply for instant access to credit or other financing.
While the new selfie and e-signature solution simplifies the customer experience, in the background VASCO’s authentication, fraud analytics and secure communication technology work together to validate the transaction before approval and access to credit. The solution also captures intent in a legally binding way compliant with the EU’s eIDAS regulation, provides comprehensive audit trails and supports a bank’s mobile-first initiative.