G+D offers biometric authentication for banks

Set to enable authentication in a fast, easy, and reliable manner, the solution requires either a fingerprint or facial scan to enable secure, two-factor authenticated access across all channels, be it on mobile apps or on a web browser.

Banks and biometrics-based authentication

With the increase in the devices, channels, accesses, and passwords used by customers, logging into different accounts is neither convenient nor secure. Banks encounter continuously rising risks for customers leveraging existing password-based authentication solutions due to sophisticated fraud attacks. However, as banks know that customers demand convenience and security, they require a future-proof and unified solution to address the trade-off between security and convenience and meet both requirements. Banks that recognize this need are enabled to leverage the G+D Convego AUTH-U solution.

With Convego AUTH-U, G+D provides a solution that aims to end the complexities associated with traditional password authentication, as biometric authentication helps reduce the time to access mobile banking and increases usage, which creates immediate added value for users, in addition to simplifying and ‘streamlining’ the process. As per the press release information, the solution is a scalable platform that integrates with the legacy system of banks via standard APIs in an easy manner. 

Commenting on the announcement, Quintin Stephen, Authentication Business Lead at Giesecke+Devrient advised that consumers trust their financial institutions and rely on security and convenience when talking about protecting their accounts and authenticating them. As per their statement, Convego Auth-U enables financial service providers to offer an authentication solution that functions in the background while also being secure.