G+D Mobile Security to offer biometric mobile banking solution in North America
G+D Mobile Security is planning to launch its FIDO-compliant mobile authentication solution, developed in collaboration with Samsung SDS for the European market, to North America. The Convego Mobile Authentication solution uses biometrics such as fingerprint, face, iris, and voice credentials, powered by Samsung SDS Nexsign software to deliver high levels of security for banks and end-customers with multi-factor authentication.
The companies say Convego Mobile Authentication is cost-effective and easy to implement for financial institutions. It meets the strong customer authentication requirements of Europe’s Payment Services Directive (PSD2), with a customer’s bank-issued EMV card optional an alternative to biometrics for access to mobile banking services. Traditional dependency on additional hardware tokens is removed by offering a mobile one-time password (OTP) feature. The companies also say the solution is the first to be certified by both FIDO and Common Criteria.
“We are excited to extend the partnership with Giesecke+Devrient into the North American market. Samsung SDS’s Nexsign platform for biometric authentication coupled with G+D’s expertise in both mobile security and financial services establishes a very powerful partnership capable of delivering a unique and versatile security solution that meets the needs of customers, banks and regulators alike,” says Mingu Lee, Senior Vice President, Mobile B2B business of Samsung SDS America.
Unique features of the product include biometric liveness detection and “screen blurring” when another face is detected. Convego Mobile Authentication is designed to integrate additional authenticators in the future, and G+D Mobile Security has added authentication through a contactless EMV card to provide enhanced security for higher value transactions.
“G+D Mobile Security continues to drive innovative solutions, helping to balance convenience and security for users, and we are very excited to extend the current agreement with Samsung SDS into the North American market,” says Edgar Salib, President and Americas Regional Head of G+D Mobile Security. “Working with Samsung SDS allows us to meld our world class expertise together to deliver a mobile authentication solution that takes convenient security to a new level.”
At Money20/20 Europe this summer G+D Mobile Security showcased its fully digitalized customer journey, including several Convego software products. The Samsung SDS Digital Identity Platform integrated ID R&D’s voice biometric capabilities in June.
biometrics | Giesecke & Devrient (G+D) | mobile banking application | multi-factor authentication | Samsung SDS