Dear Clients and Partners,

The 18th edition of VISION BANK will take place at the Finanz und Wirtschaft Forum. The session is dedicated to banking strategy and vision for the financial market.

In a rapidly changing society, where processes of technological and economic change have become commonplace, these ‘islands of attention’ stimulate the generation of ideas and offer guidance to decision-makers in the financial and economic markets.

Best Vision Group is an official sponsor of the event. We look forward to meeting you and introducing you to our product BANQPRO – the complete suite for modern finance and banking!

More information can be found on the official website of the Finanz und Wirtschaft Forum, in below:

We hope to meet you in person, on 8 September 2022 at 1:30 pm., at the SIX Convention Point in Zürich.

In the meantime, we send you our Cordial greetings.

Biometric (fingerprint) technology joins digital and RFID card security in EMKA’s Electronic Locking and Monitoring (ELM) or cabinet access and environmental control system, which operates with their modular swinghandle and cabinet locking components.

The addition of the EMKA BioLock, with integral fingerprint reader, to the ELM programme offers a superior level of security for protection of valuable data in compliance with PCI, SOX, SSAE 16 and HIPAA in support of EN 50600 – with unique, personal identification and traceability. The use of biometric access control gives the possibility also of an operator designating specific alarm fingers which both open the system and set off a remote alarm to warn of an operator under threat, so enhancing personal safety.

The BioLock, in conjunction with PIN codes and RFID access cards, provides an extremely high 3 level security protection which may be applied on an individual cabinet or on a designated block of cabinets with, for example, a group controller supplemented with separate cabinet release protocols. Multiple releases of separate panels on individual cabinets are catered for by means of linked ELock slave units.

BioLock management is handled by means of Control Cockpit software which provides comprehensive control and monitoring functions with the flexibility to add/remove/report/alarm in support of the SYSLOG standard – plus an SNMP interface for integration with third party systems.

Source : Future Banking

Veridium, a leader in biometrics-based authentication, today announced that VeridiumAD, an enterprise-ready solution for password-free biometric authentication in Microsoft Active Directory environments with new connectors for Citrix, is verified as Citrix Ready®. This means that VeridiumAD, a software-only solution, has successfully passed a series of tests established by Citrix, ensuring it will work seamlessly to eliminate passwords for Citrix StoreFront and add biometrics as a second authentication factor to Citrix NetScaler.

Industry experts and customers agree that the weakest link in enterprise security is the use of passwords. One stolen password can lead to multiple data breaches. And in an enterprise environment, it can cost between $40 – $50 to reset a forgotten password, adding up to average cost of around $18,000 per year per 1000 users, according to the Wall Street Journal. (Cybersecurity Newsletter, April 6, 2017)

Biometrics can help replace passwords with something a person is rather than something a user needs to remember and safeguard. Amir Belkhelladi, head of Deloitte Security Practice, notes, “Biometrics give the industry a real chance of making log-in a simple and secure experience for the first time. By enabling an integrated Active Directory and capability, passwords can finally begin to be eradicated.”

“Our primary focus is protecting enterprises’ most sensitive assets. Being Citrix Ready strengthens our commitment to increasing security and convenience as well as reducing fraud for our customers running large enterprise IT environments,” said John Spencer, chief product officer for Veridium. “This verification makes our solution even easier to implement for more Fortune 1000 customers.”

“The secure delivery of apps and data, keeping people and organizations securely connected from anywhere, at all times, is our core mission for Citrix and our partners,” said Nabeel Youakim, Citrix vice-president of products & strategic partners. “We’re pleased to name Veridium as being Citrix Ready to enhance the user experience and maintain customer and data security. Veridium provides biometric authentication of remote users in a streamlined, secure way, complementing Citrix solutions and enhancing customer mobility.”

Source : Future Banking

Entersekt, an innovator in mobile-first fintech solutions, this week launched Connekt, a digital commerce enablement product. The company, known for its mobile app security and authentication technology, is offering Connekt to financial services providers to help them adapt to changing market conditions.

Tech giants and a host of start-ups have come to dominate digital payments, inserting their brands directly in front of consumers at the point of purchase. Regulations like Europe’s PSD2 are meanwhile forcing banks to provide third-party access to their customers’ accounts and data. Competitors of all kinds are lining up to leverage these assets, which they themselves do not own, to provide consumers with low-cost value-added services.

To reclaim their previously uncontested position in payments, financial services providers must look to their banking apps and combine in them the best of digital banking with the latest in mobile payments. Doing so will not only strengthen their posture against disintermediation and improve customer retention with a wider service offering, it also promises to draw significantly more traffic to their apps daily, increasing transaction rates and revenue.

The trust that banks’ brands inspire, their large customer bases, and the relative ease with which they can onboard and provision users of new payments services count in their favor as they set out on this journey. Challenges however remain. Integrating disparate payments technologies in as seamless a way as possible takes time and money and, as costs climb, the risk of non-adoption becomes harder to bear.

Connekt helps financial institutions resolve this quandary. It puts at their disposal a secure service platform and ever-expanding menu of on-the-go digital payments functionality and third-party products, including tokenisation and HCE wallets for tap to pay, QR-based scan to pay, and 3-D Secure 1.0 and 2.0. These new payments services can be switched on within their existing banking apps quickly and easily, no matter the underlying technology, payment endpoint, or merchant network involved.

Source : Future Banking