Temenos integrates HID risk-based authentication solution and behavioral biometrics

HID Global has started a collaboration with banking software company Temenos to supply it with its risk-based user authentication solution featuring behavioral biometrics to secure digital banking by lowering costs and speeding up risk-based adaptive authentication, threat detection, and transaction signing on the Temenos platform, the company announced.

Temenos is incorporating HID’s risk-based authentication solution with digital front office product Temenos Infinity and core banking product Temenos Y24 Transact, which can be deployed on-premise or in the cloud.

Now available to 3,000 customers through Temenos MarketPlace, which connects fintech companies with financial institutions, HID Global combines its ActivID Authentication Platform with the HID Risk Management Solution. The real-time risk profiling technology is included in HID Approve, a multi-factor authentication solution for online and mobile banking that offers security through public key-based cryptography and mobile-based out-of-band transaction signatures.

“HID has partnered with Temenos for more than a decade to provide solutions for nearly 100 banks worldwide,” said HID Global Vice President and Managing Director of Identity & Access Management Solutions (IAMS) Brad Jarvis. “This latest collaboration streamlines banks’ ability to implement advanced user authentication services with Temenos Infinity and Temenos T24 Transact. The pre-configured integration makes it easier than ever for Temenos customers to deploy out authentication tools without any customized development.”

HIG Global’s risk-based authentication products come with a few key features such as automatically synchronizing user profiles when new accounts are created, handling all authentication administration tasks with Temenos Infinity, and evidence-based threat detection capabilities with behavioral biometrics supported by machine learning to protect financial transactions.

“Banks need to protect their customers as well as retain them and improve trust,” said Adam Gable, product director for Financial Crime Mitigation, Treasury and Risk at Temenos. “Using a combination of innovative technologies and techniques, HID’s risk-based authentication solution means customers benefit from improved security at the source of the financial transaction – the device.”

“The solution is a great addition to the Temenos MarketPlace, pre-built to work with the cloud-native and cloud-agnostic Temenos Infinity and Temenos T24 Transact,” he added. “With this integration, Temenos customers will benefit from reduced cost and complexity of integration, while gaining access to a greater variety in security options.”

“We are very excited to see our long-standing relationship with HID further strengthened with the introduction of this risk-based user authentication solution,” said Paul Roberts, director of Temenos MarketPlace. “In today’s digital banking world, this solution brings essential protection and additional peace of mind for both banks and their customers.”

The multi-tenant HID Authentication Service includes interoperable Application Programming Interfaces (APIs) to allow for standard integrations with third-party software.

In other company news, for the second consecutive year, HID’s DigitalPersona multi-factor authentication software has been recognized as market ‘Champion’ in the Identity and Access Management (IAM) rankings by SoftwareReviews for 2019. Customer satisfaction and ‘net emotional footprint’ based on user reviews were the two key metrics in evaluating the solution.

Article Topics

banking  |  behavioral biometrics  |  biometrics  |  HID Global  |  multi-factor authentication  |  secure transactions